Sprott Energy Transition Etf Z Score
| SETM Etf | 17.91 0.02 0.11% |
Sprott |
Sprott Energy Transition ETF Z Score Analysis
Sprott Energy's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Sprott Energy Transition has a Z Score of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Natural Resources (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Sprott Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sprott Energy's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sprott Energy could also be used in its relative valuation, which is a method of valuing Sprott Energy by comparing valuation metrics of similar companies.Sprott Energy is currently under evaluation in z score as compared to similar ETFs.
About Sprott Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sprott Energy Transition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sprott Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sprott Energy Transition 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.
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The market value of Sprott Energy Transition is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Energy's value that differs from its market value or its book value, called intrinsic value, which is Sprott Energy'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 Sprott Energy's market value can be influenced by many factors that don't directly affect Sprott Energy'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 Sprott Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Energy'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.