Inspire Tactical Balanced Etf Probability Of Bankruptcy
| RISN Etf | USD 28.32 0.03 0.11% |
Inspire |
Inspire Tactical Balanced ETF odds of distress Analysis
Inspire Tactical'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 Inspire Tactical Probability Of Bankruptcy | Less than 9% |
Most of Inspire Tactical'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, Inspire Tactical Balanced is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Inspire Tactical 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 Inspire Tactical 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 Inspire Tactical Balanced financial health.
The market value of Inspire Tactical Balanced is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Tactical's value that differs from its market value or its book value, called intrinsic value, which is Inspire Tactical'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 Inspire Tactical's market value can be influenced by many factors that don't directly affect Inspire Tactical'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 Inspire Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Tactical'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, Inspire Tactical Balanced has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Inspire family and significantly higher than that of the Moderately Aggressive Allocation category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
Inspire Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Inspire Tactical'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 Inspire Tactical could also be used in its relative valuation, which is a method of valuing Inspire Tactical by comparing valuation metrics of similar companies.Inspire Tactical is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
Inspire Fundamentals
| Beta | 0.62 | |||
| Total Asset | 106.84 M | |||
| One Year Return | 21.10 % | |||
| Three Year Return | 2.20 % | |||
| Net Asset | 106.84 M | |||
| Equity Positions Weight | 9.18 % |
About Inspire Tactical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Inspire Tactical Balanced's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Inspire Tactical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Inspire Tactical Balanced 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.
Pair Trading with Inspire Tactical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Inspire Tactical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Inspire Tactical will appreciate offsetting losses from the drop in the long position's value.Moving together with Inspire Etf
| 0.62 | CLSC | Exchange Traded Concepts | PairCorr |
| 0.89 | ROMO | Strategy Shares Newf | PairCorr |
| 0.76 | EAOA | iShares ESG Aware | PairCorr |
| 0.77 | DSJA | DSJA | PairCorr |
The ability to find closely correlated positions to Inspire Tactical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inspire Tactical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Inspire Tactical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Inspire Tactical Balanced to buy it.
The correlation of Inspire Tactical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inspire Tactical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inspire Tactical Balanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Inspire Tactical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Inspire Tactical Piotroski F Score and Inspire Tactical Altman Z Score analysis. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Inspire Tactical Balanced is measured differently than its book value, which is the value of Inspire that is recorded on the company's balance sheet. Investors also form their own opinion of Inspire Tactical's value that differs from its market value or its book value, called intrinsic value, which is Inspire Tactical'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 Inspire Tactical's market value can be influenced by many factors that don't directly affect Inspire Tactical'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 Inspire Tactical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Inspire Tactical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Inspire Tactical'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.