Ansys Inc Stock Piotroski F Score
ANSS Stock | USD 347.02 0.91 0.26% |
ANSYS | Piotroski F Score |
At this time, it appears that ANSYS's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
Current Return On Assets | Positive | Focus |
Change in Return on Assets | Increased | Focus |
Cash Flow Return on Assets | Positive | Focus |
Current Quality of Earnings (accrual) | Decreasing | Focus |
Asset Turnover Growth | Increase | Focus |
Current Ratio Change | Decrease | Focus |
Long Term Debt Over Assets Change | Higher Leverage | Focus |
Change In Outstending Shares | Increase | Focus |
Change in Gross Margin | Increase | Focus |
ANSYS Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to ANSYS is to make sure ANSYS is not a subject of accounting manipulations and runs a healthy internal audit department. So, if ANSYS's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if ANSYS's financial numbers are properly reported.
Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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Return On Assets | 0.11 | 0.0683 |
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Asset Turnover | 0.52 | 0.31 |
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Gross Profit Margin | 0.95 | 0.8805 |
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Total Current Liabilities | 933.8 M | 889.3 M |
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Total Assets | 7.7 B | 7.3 B |
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Total Current Assets | 2.2 B | 2 B |
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Total Cash From Operating Activities | 753 M | 717.1 M |
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ANSYS Inc F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between ANSYS's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards ANSYS in a much-optimized way.
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About ANSYS Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.Price Book Value Ratio |
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ANSYS ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ANSYS's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ANSYS's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
About ANSYS Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ANSYS Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ANSYS using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ANSYS Inc 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.ANSYS, Inc. develops and markets engineering simulation software and services worldwide. The company was founded in 1970 and is headquartered in Canonsburg, Pennsylvania. Ansys operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 5300 people.
Pair Trading with ANSYS
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 ANSYS 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 ANSYS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ANSYS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANSYS 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 ANSYS - 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 ANSYS Inc to buy it.
The correlation of ANSYS 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 ANSYS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANSYS Inc 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 ANSYS 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 ANSYS Altman Z Score, ANSYS Correlation, ANSYS Valuation, as well as analyze ANSYS Alpha and Beta and ANSYS Hype Analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for ANSYS Stock analysis
When running ANSYS's price analysis, check to measure ANSYS'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 ANSYS is operating at the current time. Most of ANSYS's value examination focuses on studying past and present price action to predict the probability of ANSYS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANSYS's price. Additionally, you may evaluate how the addition of ANSYS to your portfolios can decrease your overall portfolio volatility.
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Is ANSYS'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 ANSYS. If investors know ANSYS 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 ANSYS 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 0.066 | Earnings Share 5.74 | Revenue Per Share 26.142 | Quarterly Revenue Growth 0.16 | Return On Assets 0.0559 |
The market value of ANSYS Inc is measured differently than its book value, which is the value of ANSYS that is recorded on the company's balance sheet. Investors also form their own opinion of ANSYS's value that differs from its market value or its book value, called intrinsic value, which is ANSYS'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 ANSYS's market value can be influenced by many factors that don't directly affect ANSYS'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 ANSYS's value and its price as these two are different measures arrived at by different means. Investors typically determine if ANSYS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANSYS'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.