Alpssmith Credit Opportunities Etf Probability Of Bankruptcy
| SMCVX Etf | USD 9.26 0.02 0.22% |
ALPSSmith |
ALPSSmith Credit Opportunities ETF probability of bankruptcy Analysis
ALPSSmith Credit'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 ALPSSmith Credit Probability Of Bankruptcy | Less than 9% |
Most of ALPSSmith Credit'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, ALPSSmith Credit Opportunities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of ALPSSmith Credit 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 ALPSSmith Credit 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 ALPSSmith Credit Opportunities financial health.
The market value of ALPSSmith Credit Opp is measured differently than its book value, which is the value of ALPSSmith that is recorded on the company's balance sheet. Investors also form their own opinion of ALPSSmith Credit's value that differs from its market value or its book value, called intrinsic value, which is ALPSSmith Credit'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 ALPSSmith Credit's market value can be influenced by many factors that don't directly affect ALPSSmith Credit'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 ALPSSmith Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if ALPSSmith Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ALPSSmith Credit'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, ALPSSmith Credit Opportunities has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the ALPS family and significantly higher than that of the Multisector Bond category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
ALPSSmith Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ALPSSmith Credit'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 ALPSSmith Credit could also be used in its relative valuation, which is a method of valuing ALPSSmith Credit by comparing valuation metrics of similar companies.ALPSSmith Credit is rated below average in probability of bankruptcy as compared to similar ETFs.
ALPSSmith Fundamentals
| Total Asset | 272.73 M | |||
| Annual Yield | 0.05 % | |||
| One Year Return | (12.18) % | |||
| Net Asset | 227.76 M | |||
| Last Dividend Paid | 0.02 | |||
| Cash Position Weight | 1.40 % | |||
| Equity Positions Weight | 0.31 % | |||
| Bond Positions Weight | 13.46 % |
About ALPSSmith Credit Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ALPSSmith Credit Opportunities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ALPSSmith Credit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ALPSSmith Credit Opportunities 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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ALPSSmith Credit financial ratios help investors to determine whether ALPSSmith Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ALPSSmith with respect to the benefits of owning ALPSSmith Credit security.