Applied Industrial Technologies Stock Z Score
AIT Stock | USD 197.88 2.36 1.21% |
Applied | Z Score |
Applied Z Score Analysis
Applied Industrial's 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..
More About Z Score | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 18.1M | 26.5M | 23.8M | 14.2M | Dividends Paid | 51.8M | 53.4M | 61.5M | 64.5M |
Z Score | = | Sum Of | | 5 Factors |
Current Applied Industrial Z Score | 10.93 |
Most of Applied Industrial's fundamental indicators, such as Z Score, 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, Applied Industrial Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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Applied Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Applied Industrial is extremely important. It helps to project a fair market value of Applied Stock properly, considering its historical fundamentals such as Z Score. Since Applied Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Applied Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Applied Industrial's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
Competition |
In accordance with the company's disclosures, Applied Industrial Technologies has a Z Score of 10.93. This is 168.55% higher than that of the Trading Companies & Distributors sector and 87.16% higher than that of the Industrials industry. The z score for all United States stocks is 25.34% lower than that of the firm.
Applied Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Applied Industrial's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Applied Industrial could also be used in its relative valuation, which is a method of valuing Applied Industrial by comparing valuation metrics of similar companies.Applied Industrial is currently under evaluation in z score category among related companies.
Applied Industrial Institutional Holders
Institutional Holdings refers to the ownership stake in Applied Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Applied Industrial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Applied Industrial's value.Shares | Capital Research Global Investors | 2023-12-31 | 559.6 K | Charles Schwab Investment Management Inc | 2023-12-31 | 559 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 523.6 K | Fiduciary Management, Inc. Of Milwaukee | 2023-12-31 | 519.2 K | Fuller & Thaler Asset Management Inc | 2023-12-31 | 517.9 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 508.9 K | Ameriprise Financial Inc | 2023-12-31 | 470.1 K | Nuveen Asset Management, Llc | 2023-12-31 | 434 K | Palisade Capital Management Llc | 2023-12-31 | 432.6 K | Blackrock Inc | 2023-12-31 | 6.2 M | Vanguard Group Inc | 2023-12-31 | 5.1 M |
Applied Fundamentals
Return On Equity | 0.26 | ||||
Return On Asset | 0.12 | ||||
Profit Margin | 0.08 % | ||||
Operating Margin | 0.11 % | ||||
Current Valuation | 7.74 B | ||||
Shares Outstanding | 38.67 M | ||||
Shares Owned By Insiders | 1.25 % | ||||
Shares Owned By Institutions | 95.60 % | ||||
Number Of Shares Shorted | 578.78 K | ||||
Price To Earning | 44.62 X | ||||
Price To Book | 4.70 X | ||||
Price To Sales | 1.69 X | ||||
Revenue | 4.41 B | ||||
Gross Profit | 1.29 B | ||||
EBITDA | 526.22 M | ||||
Net Income | 346.74 M | ||||
Cash And Equivalents | 344.04 M | ||||
Cash Per Share | 3.83 X | ||||
Total Debt | 622.1 M | ||||
Debt To Equity | 0.53 % | ||||
Current Ratio | 3.08 X | ||||
Book Value Per Share | 41.55 X | ||||
Cash Flow From Operations | 343.97 M | ||||
Short Ratio | 2.89 X | ||||
Earnings Per Share | 9.52 X | ||||
Price To Earnings To Growth | 1.71 X | ||||
Target Price | 196.67 | ||||
Number Of Employees | 6.37 K | ||||
Beta | 1.08 | ||||
Market Capitalization | 7.56 B | ||||
Total Asset | 2.74 B | ||||
Retained Earnings | 1.79 B | ||||
Working Capital | 1.11 B | ||||
Current Asset | 437.35 M | ||||
Current Liabilities | 151.33 M | ||||
Z Score | 10.93 | ||||
Annual Yield | 0.01 % | ||||
Five Year Return | 1.75 % | ||||
Net Asset | 2.74 B | ||||
Last Dividend Paid | 1.4 |
About Applied Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Applied Industrial Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Applied Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Applied Industrial Technologies 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.Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. The company was founded in 1923 and is headquartered in Cleveland, Ohio. Applied Industrial operates under Industrial Distribution classification in the United States and is traded on New York Stock Exchange. It employs 6100 people.
Applied Industrial Investors Sentiment
The influence of Applied Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Applied. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Applied Industrial's public news can be used to forecast risks associated with an investment in Applied. The trend in average sentiment can be used to explain how an investor holding Applied can time the market purely based on public headlines and social activities around Applied Industrial Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Applied Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Applied Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Applied Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Applied Industrial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Applied Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Applied Industrial's short interest history, or implied volatility extrapolated from Applied Industrial options trading.
Pair Trading with Applied Industrial
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 Applied Industrial 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 Applied Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Applied Stock
0.7 | DXPE | DXP Enterprises Report 12th of April 2024 | PairCorr |
0.92 | WCC-PA | WESCO International | PairCorr |
0.91 | FAST | Fastenal Fiscal Quarter End 31st of March 2024 | PairCorr |
0.9 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Applied Stock
0.76 | BE | Bloom Energy Corp Financial Report 14th of May 2024 | PairCorr |
0.69 | BA | Boeing Fiscal Quarter End 31st of March 2024 | PairCorr |
0.65 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
0.51 | AZ | A2Z Smart Technologies | PairCorr |
0.5 | AP | Ampco-Pittsburgh | PairCorr |
The ability to find closely correlated positions to Applied Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Industrial 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 Applied Industrial - 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 Applied Industrial Technologies to buy it.
The correlation of Applied Industrial 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 Applied Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Industrial 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 Applied Industrial 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 Applied Industrial Piotroski F Score and Applied Industrial Valuation analysis. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Applied Stock analysis
When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.
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Is Applied Industrial's industry 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 Applied Industrial. If investors know Applied 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 Applied Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.132 | Dividend Share 1.4 | Earnings Share 9.52 | Revenue Per Share 115.377 | Quarterly Revenue Growth 0.016 |
The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial'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 Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial'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 Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial'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.