The 2023 Etf Probability Of Bankruptcy
| QLTI Etf | 23.27 0.46 1.94% |
2023 |
The 2023 ETF ETF probability of distress Analysis
2023 ETF's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current 2023 ETF Probability Of Bankruptcy | Over 64% |
Most of 2023 ETF's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The 2023 ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of 2023 ETF probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting 2023 ETF odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of The 2023 ETF financial health.
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, The 2023 ETF has a Probability Of Bankruptcy of 64%. This is much higher than that of the family and significantly higher than that of the Foreign Large Value category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
2023 Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 2023 ETF's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of 2023 ETF could also be used in its relative valuation, which is a method of valuing 2023 ETF by comparing valuation metrics of similar companies.2023 ETF is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
2023 Fundamentals
| Return On Asset | -8.57 | |||
| Profit Margin | 114.29 % | |||
| Operating Margin | (98.79) % | |||
| Current Valuation | 23.62 M | |||
| Shares Outstanding | 52.83 M | |||
| Shares Owned By Insiders | 13.24 % | |||
| Shares Owned By Institutions | 71.20 % | |||
| Number Of Shares Shorted | 133.59 K | |||
| Price To Earning | 3.80 X | |||
| Price To Book | 1.29 X | |||
| Price To Sales | 9.79 X | |||
| Revenue | 42.23 M | |||
| Gross Profit | 31.81 M | |||
| Net Income | (36.63 M) | |||
| Cash And Equivalents | 73.06 M | |||
| Cash Per Share | 1.38 X | |||
| Current Ratio | 17.59 X | |||
| Cash Flow From Operations | (26.02 M) | |||
| Earnings Per Share | (0.69) X | |||
| Number Of Employees | 23 | |||
| Market Capitalization | 98.92 M | |||
| Total Asset | 79.05 M | |||
| Retained Earnings | (567.29 M) | |||
| Working Capital | 152.24 M | |||
| Current Asset | 76.78 M | |||
| Current Liabilities | 4.37 M |
About 2023 ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The 2023 ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 2023 ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of The 2023 ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
When determining whether 2023 ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 2023 ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The 2023 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on The 2023 Etf:Check out 2023 ETF Piotroski F Score and 2023 ETF Altman Z Score analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of 2023 ETF is measured differently than its book value, which is the value of 2023 that is recorded on the company's balance sheet. Investors also form their own opinion of 2023 ETF's value that differs from its market value or its book value, called intrinsic value, which is 2023 ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 2023 ETF's market value can be influenced by many factors that don't directly affect 2023 ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 2023 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2023 ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2023 ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.