Dios Exploration Stock Probability Of Bankruptcy

DOS Stock  CAD 0.04  0.00  0.00%   
Dios Exploration's risk of distress is under 25% at this time. It has slight likelihood of undergoing some form of financial distress in the near future. Dios Exploration's Probability Of Bankruptcy is determined by interpolating and adjusting Dios Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Dios balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Dios Exploration Piotroski F Score and Dios Exploration Altman Z Score analysis.
  

Dios Probability Of Bankruptcy Analysis

Dios Exploration'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.
 2021 2022 2023 2024 (projected)
Total Stockholder Equity6.5M7.2M6.5M4.0M
Total Current Liabilities394.2K354.7K407.9K239.3K

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Dios Exploration Probability Of Bankruptcy

    
  Less than 25%  
Most of Dios Exploration'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, Dios Exploration is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Dios Exploration 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 Dios Exploration 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 Dios Exploration financial health.
Please note, there is a significant difference between Dios Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dios Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dios Exploration'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.

Dios Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Dios Exploration is extremely important. It helps to project a fair market value of Dios Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Dios Exploration'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 Dios Exploration'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 Dios Exploration's interrelated accounts and indicators.
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.
Competition

Based on the latest financial disclosure, Dios Exploration has a Probability Of Bankruptcy of 25.0%. This is 43.62% lower than that of the Metals & Mining sector and 43.32% lower than that of the Materials industry. The probability of bankruptcy for all Canada stocks is 37.23% higher than that of the company.

Dios Probability Of Bankruptcy Peer Comparison

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

Dios Exploration Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.0127(0.002683)(0.041)0.0280.03220.0338
Total Current Liabilities182.4K559.8K394.2K354.7K407.9K239.3K
Total Assets3.3M6.3M6.9M7.5M6.8M4.2M
Total Current Assets212.7K2.1M2.0M1.1M1.3M1.0M
Total Cash From Operating Activities(150.5K)(106.1K)(64.8K)(202.2K)(136.0K)(142.8K)

Dios Fundamentals

About Dios Exploration Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dios Exploration's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dios Exploration using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dios Exploration 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.
Dios Exploration Inc. engages in the exploration and evaluation of mineral resource properties in Canada. It holds interests in various projects that cover 624 mining claims in James Bay. DIOS EXPLORATION operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.

Pair Trading with Dios Exploration

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 Dios Exploration 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 Dios Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving against Dios Stock

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The ability to find closely correlated positions to Dios Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dios Exploration 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 Dios Exploration - 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 Dios Exploration to buy it.
The correlation of Dios Exploration 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 Dios Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dios Exploration 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 Dios Exploration 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 Dios Exploration Piotroski F Score and Dios Exploration Altman Z Score analysis.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Dios Exploration's price analysis, check to measure Dios Exploration'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 Dios Exploration is operating at the current time. Most of Dios Exploration's value examination focuses on studying past and present price action to predict the probability of Dios Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dios Exploration's price. Additionally, you may evaluate how the addition of Dios Exploration to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Dios Exploration's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dios Exploration is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dios Exploration'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.