Amarin Plc Stock Z Score

AMRN Stock  USD 0.89  0.02  2.30%   
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 Amarin PLC Piotroski F Score and Amarin PLC Valuation analysis.
To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.
  
At this time, Amarin PLC's Capital Stock is very stable compared to the past year. As of the 29th of March 2024, Change In Working Capital is likely to grow to about 53.8 M, while Capital Surpluse is likely to drop about 1.3 B. At this time, Amarin PLC's Net Interest Income is very stable compared to the past year.

Amarin Z Score Analysis

Amarin PLC'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..
 2021 2022 2023 2024 (projected)
Interest Expense129K15K8K7.6K
Depreciation And Amortization2.9M2.1M3.0M1.9M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Amarin PLC Z Score

    
  22.84  
Most of Amarin PLC'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, Amarin PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Amarin Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Amarin PLC is extremely important. It helps to project a fair market value of Amarin Stock properly, considering its historical fundamentals such as Z Score. Since Amarin PLC'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 Amarin PLC'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 Amarin PLC's interrelated accounts and indicators.
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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, Amarin PLC has a Z Score of 22.84. This is 238.37% higher than that of the Biotechnology sector and notably higher than that of the Health Care industry. The z score for all United States stocks is 161.93% lower than that of the firm.

Amarin Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Amarin PLC'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 Amarin PLC could also be used in its relative valuation, which is a method of valuing Amarin PLC by comparing valuation metrics of similar companies.
Amarin PLC is currently under evaluation in z score category among related companies.

Amarin PLC Institutional Holders

Institutional Holdings refers to the ownership stake in Amarin PLC that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Amarin PLC'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 Amarin PLC's value.
Shares
Longitude (cayman) Ltd.2023-12-31
M
Ameriprise Financial Inc2023-12-31
1.2 M
Goldman Sachs Group Inc2023-12-31
1.1 M
Hayek Kallen Investment Management2023-12-31
M
Axxcess Wealth Management, Llc2023-12-31
985.8 K
13d Management Llc2023-12-31
910.5 K
Anson Funds Management Lp2023-12-31
865.9 K
Gsa Capital Partners Llp2023-12-31
850 K
Resources Investment Advisors Inc2023-12-31
827.6 K
Kynam Capital Management, Lp2023-12-31
12 M
Sarissa Capital Management Lp2023-09-30
10.4 M

Amarin Fundamentals

About Amarin PLC Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Amarin PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amarin PLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amarin PLC 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.
Amarin Corporation plc, a pharmaceutical company, engages in the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States, Germany, Canada, Lebanon, and the United Arab Emirates. Amarin Corporation plc was incorporated in 1989 and is headquartered in Dublin, Ireland. Amarin Corp operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 560 people.
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 Amarin PLC 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, Amarin PLC's short interest history, or implied volatility extrapolated from Amarin PLC options trading.

Pair Trading with Amarin PLC

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 Amarin PLC 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 Amarin PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Amarin Stock

  0.62MBIO Mustang Bio Report 3rd of April 2024 PairCorr

Moving against Amarin Stock

  0.75YS YS Biopharma Report 22nd of April 2024 PairCorr
  0.68DNLI Denali Therapeutics Financial Report 13th of May 2024 PairCorr
  0.52MDGL Madrigal Pharmaceuticals Financial Report 14th of May 2024 PairCorr
  0.49MESO Mesoblast TrendingPairCorr
The ability to find closely correlated positions to Amarin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amarin PLC 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 Amarin PLC - 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 Amarin PLC to buy it.
The correlation of Amarin PLC 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 Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC 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 Amarin PLC 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.
Pair CorrelationCorrelation Matching
When determining whether Amarin PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amarin PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amarin Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amarin Plc Stock:
Check out Amarin PLC Piotroski F Score and Amarin PLC Valuation analysis.
To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running Amarin PLC's price analysis, check to measure Amarin PLC'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 Amarin PLC is operating at the current time. Most of Amarin PLC's value examination focuses on studying past and present price action to predict the probability of Amarin PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amarin PLC's price. Additionally, you may evaluate how the addition of Amarin PLC to your portfolios can decrease your overall portfolio volatility.
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Is Amarin PLC'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 Amarin PLC. If investors know Amarin 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 Amarin PLC 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
(0.94)
Earnings Share
(0.15)
Revenue Per Share
0.753
Quarterly Revenue Growth
(0.17)
Return On Assets
(0.01)
The market value of Amarin PLC is measured differently than its book value, which is the value of Amarin that is recorded on the company's balance sheet. Investors also form their own opinion of Amarin PLC's value that differs from its market value or its book value, called intrinsic value, which is Amarin PLC'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 Amarin PLC's market value can be influenced by many factors that don't directly affect Amarin PLC'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 Amarin PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amarin PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amarin PLC'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.