Synergie Wellness Products Stock Z Score
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Synergie Wellness Piotroski F Score and Synergie Wellness Valuation analysis.
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Synergie Wellness Products Company Z Score Analysis
Synergie Wellness' 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, Synergie Wellness Products has a Z Score of 0.0. This is 100.0% lower than that of the Personal Care Products sector and 100.0% lower than that of the Consumer Staples industry. The z score for all United States stocks is 100.0% higher than that of the company.
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Synergie Fundamentals
| Current Valuation | 15.84 K | |||
| Shares Outstanding | 395.92 M | |||
| Price To Sales | 1.68 X | |||
| Revenue | 21.94 K | |||
| Gross Profit | (1.21 M) | |||
| EBITDA | (33.77 M) | |||
| Net Income | (6.18 M) | |||
| Cash And Equivalents | 359.73 K | |||
| Total Debt | 3.07 M | |||
| Current Ratio | 0.22 X | |||
| Book Value Per Share | (0.04) X | |||
| Cash Flow From Operations | (518.82 K) | |||
| Earnings Per Share | (0.71) X | |||
| Beta | 27.05 | |||
| Market Capitalization | 15.84 K | |||
| Total Asset | 1.71 M | |||
| Retained Earnings | (39.71 M) | |||
| Working Capital | (2.31 M) | |||
| Current Asset | 660 K | |||
| Current Liabilities | 2.97 M |
About Synergie Wellness Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Synergie Wellness Products's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Synergie Wellness using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Synergie Wellness Products based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 Synergie Wellness
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 Synergie Wellness 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 Synergie Wellness will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Synergie Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synergie Wellness 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 Synergie Wellness - 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 Synergie Wellness Products to buy it.
The correlation of Synergie Wellness 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 Synergie Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synergie Wellness 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 Synergie Wellness 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 Synergie Wellness Piotroski F Score and Synergie Wellness Valuation analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Stock space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Synergie Wellness. If investors know Synergie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Synergie Wellness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Synergie Wellness is measured differently than its book value, which is the value of Synergie that is recorded on the company's balance sheet. Investors also form their own opinion of Synergie Wellness' value that differs from its market value or its book value, called intrinsic value, which is Synergie Wellness' 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 Synergie Wellness' market value can be influenced by many factors that don't directly affect Synergie Wellness' 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 Synergie Wellness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Synergie Wellness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synergie Wellness' 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.