Ddbi Etf Probability Of Bankruptcy
DDBI's risk of distress is under 9% at the present time. It has tiny likelihood of undergoing some form of financial trouble in the near future. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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DDBI ETF probability of distress Analysis
DDBI's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current DDBI Probability Of Bankruptcy | Less than 9% |
Most of DDBI's fundamental indicators, such as Probability Of Bankruptcy, 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, DDBI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of DDBI probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting DDBI odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of DDBI financial health.
The market value of DDBI is measured differently than its book value, which is the value of DDBI that is recorded on the company's balance sheet. Investors also form their own opinion of DDBI's value that differs from its market value or its book value, called intrinsic value, which is DDBI'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 DDBI's market value can be influenced by many factors that don't directly affect DDBI'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 DDBI's value and its price as these two are different measures arrived at by different means. Investors typically determine if DDBI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DDBI'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
CompetitionBased on the latest financial disclosure, DDBI has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Legg Mason family and significantly higher than that of the Foreign Large Blend category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
DDBI Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DDBI's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of DDBI could also be used in its relative valuation, which is a method of valuing DDBI by comparing valuation metrics of similar companies.DDBI is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
DDBI Fundamentals
| Price To Earning | 17.04 X | |||
| Price To Book | 1.55 X | |||
| Price To Sales | 1.00 X | |||
| Number Of Employees | 409 | |||
| Total Asset | 5.44 M | |||
| One Year Return | (4.03) % | |||
| Three Year Return | 8.88 % | |||
| Net Asset | 5.44 M | |||
| Last Dividend Paid | 1.21 | |||
| Equity Positions Weight | 96.10 % |
Pair Trading with DDBI
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 DDBI 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 DDBI will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CNX Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNX Resources 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 CNX Resources - 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 CNX Resources Corp to buy it.
The correlation of CNX Resources 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 CNX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNX Resources 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 CNX Resources 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the DDBI information on this page should be used as a complementary analysis to other DDBI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for DDBI Etf
When running DDBI's price analysis, check to measure DDBI'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 DDBI is operating at the current time. Most of DDBI's value examination focuses on studying past and present price action to predict the probability of DDBI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DDBI's price. Additionally, you may evaluate how the addition of DDBI to your portfolios can decrease your overall portfolio volatility.
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