ToughBuilt Industries Z Score vs. Total Asset
| TBLTWDelisted Stock | USD 0.05 0 2.00% |
For ToughBuilt Industries profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ToughBuilt Industries to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ToughBuilt Industries WT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ToughBuilt Industries's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ToughBuilt Industries WT over time as well as its relative position and ranking within its peers.
ToughBuilt |
ToughBuilt Industries Total Asset vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ToughBuilt Industries's current stock value. Our valuation model uses many indicators to compare ToughBuilt Industries value to that of its competitors to determine the firm's financial worth. ToughBuilt Industries WT is currently regarded as top stock in z score category among its peers. It also is currently regarded as top stock in total asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value ToughBuilt Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.ToughBuilt Total Asset vs. Z Score
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..
ToughBuilt Industries |
| = | -3.09 |
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.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
ToughBuilt Industries |
| = | 83.92 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
ToughBuilt Total Asset Comparison
ToughBuilt Industries is currently under evaluation in total asset category among its peers.
ToughBuilt Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ToughBuilt Industries. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ToughBuilt Industries position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ToughBuilt Industries' important profitability drivers and their relationship over time.
Use ToughBuilt Industries in pair-trading
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 ToughBuilt Industries 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 ToughBuilt Industries will appreciate offsetting losses from the drop in the long position's value.ToughBuilt Industries Pair Trading
ToughBuilt Industries WT Pair Trading Analysis
The ability to find closely correlated positions to ToughBuilt Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ToughBuilt Industries 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 ToughBuilt Industries - 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 ToughBuilt Industries WT to buy it.
The correlation of ToughBuilt Industries 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 ToughBuilt Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ToughBuilt Industries 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 ToughBuilt Industries 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.Use Investing Themes to Complement your ToughBuilt Industries position
In addition to having ToughBuilt Industries in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in ToughBuilt Stock
If you are still planning to invest in ToughBuilt Industries check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ToughBuilt Industries' history and understand the potential risks before investing.
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