Spirit Of America Fund Beneish M Score

At this time, Spirit Of's M Score is inapplicable. The earnings manipulation may begin if Spirit Of's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Spirit Of executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Spirit Of's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.

The Macroaxis Fundamental Analysis modules help investors analyze Spirit Of America's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spirit Of using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spirit Of America based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.

Spirit Of financial ratios help investors to determine whether Spirit Mutual Fund 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 Spirit with respect to the benefits of owning Spirit Of security.