Zenith Capital Return On Asset vs. Z Score
| ZHCLF Stock | USD 0.11 0.01 10.00% |
For Zenith Capital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zenith Capital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zenith Capital Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zenith Capital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zenith Capital Corp over time as well as its relative position and ranking within its peers.
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Zenith Capital Corp Z Score vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Zenith Capital's current stock value. Our valuation model uses many indicators to compare Zenith Capital value to that of its competitors to determine the firm's financial worth. Zenith Capital Corp is rated first in return on asset category among its peers. It is rated first in z score category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Zenith Capital's earnings, one of the primary drivers of an investment's value.Zenith Z Score vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | -1.6 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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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| = | -5.4 |
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.
Zenith Z Score Comparison
Zenith Capital is currently under evaluation in z score category among its peers.
Zenith Capital Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Zenith Capital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zenith Capital will eventually generate negative long term returns. The profitability progress is the general direction of Zenith Capital's change in net profit over the period of time. It can combine multiple indicators of Zenith Capital, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Zenith Capital Corp., a biotechnology investment company, engages in the development of bromodomain inhibitors for the treatment of cancer and other disorders with unmet medical needs. The company was incorporated in 2013 and is headquartered in Calgary, Canada. Zenith Cap operates under Biotechnology classification in the United States and is traded on OTC Exchange.
Zenith Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Zenith Capital. 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 Zenith Capital 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 Zenith Capital's important profitability drivers and their relationship over time.
Use Zenith Capital 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 Zenith Capital 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 Zenith Capital will appreciate offsetting losses from the drop in the long position's value.Zenith Capital Pair Trading
Zenith Capital Corp Pair Trading Analysis
The ability to find closely correlated positions to Zenith Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zenith Capital 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 Zenith Capital - 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 Zenith Capital Corp to buy it.
The correlation of Zenith Capital 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 Zenith Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zenith Capital Corp 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 Zenith Capital 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 Zenith Capital position
In addition to having Zenith Capital 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 Municipals ETFs Thematic Idea Now
Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Municipals ETFs theme has 109 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 Municipals ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Zenith Pink Sheet
To fully project Zenith Capital's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Zenith Capital Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Zenith Capital's income statement, its balance sheet, and the statement of cash flows.