Ck Hutchison Holdings Stock Z Score

CKHUF Stock  USD 4.86  0.01  0.21%   
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 CK Hutchison Piotroski F Score and CK Hutchison Valuation analysis.
  

CKHUF Z Score Analysis

CK Hutchison'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..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

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 )

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, CK Hutchison Holdings has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Conglomerates industry. The z score for all United States stocks is 100.0% higher than that of the company.

CKHUF Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CK Hutchison's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of CK Hutchison could also be used in its relative valuation, which is a method of valuing CK Hutchison by comparing valuation metrics of similar companies.
CK Hutchison is currently under evaluation in z score category among related companies.

CKHUF Fundamentals

About CK Hutchison Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CK Hutchison Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CK Hutchison using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CK Hutchison Holdings 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.
CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastructure, and telecommunications businesses worldwide. CK Hutchison Holdings Limited was founded in 1828 and is based in Central, Hong Kong. Ck Hutchison operates under Conglomerates classification in the United States and is traded on OTC Exchange. It employs 170294 people.

Pair Trading with CK Hutchison

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 CK Hutchison 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 CK Hutchison will appreciate offsetting losses from the drop in the long position's value.

Moving against CKHUF Pink Sheet

  0.44MITSF MitsuiPairCorr
The ability to find closely correlated positions to CK Hutchison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CK Hutchison 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 CK Hutchison - 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 CK Hutchison Holdings to buy it.
The correlation of CK Hutchison 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 CK Hutchison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CK Hutchison Holdings 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 CK Hutchison 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
Check out CK Hutchison Piotroski F Score and CK Hutchison Valuation analysis.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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Please note, there is a significant difference between CK Hutchison's value and its price as these two are different measures arrived at by different means. Investors typically determine if CK Hutchison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CK Hutchison'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.