Ethos Gold Corp Stock Probability Of Bankruptcy
| ETHOFDelisted Stock | USD 0.13 0.00 0.00% |
Ethos |
Ethos Gold Corp OTC Stock chance of financial distress Analysis
Ethos Gold'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 Ethos Gold Probability Of Bankruptcy | Over 100% |
Most of Ethos Gold'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, Ethos Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Ethos Gold 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 Ethos Gold 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 Ethos Gold Corp financial health.
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, Ethos Gold Corp has a Probability Of Bankruptcy of 100%. This is 125.53% higher than that of the Metals & Mining sector and 113.27% higher than that of the Materials industry. The probability of bankruptcy for all United States stocks is 151.07% lower than that of the firm.
Ethos Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ethos Gold's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Ethos Gold could also be used in its relative valuation, which is a method of valuing Ethos Gold by comparing valuation metrics of similar companies.Ethos Gold is currently under evaluation in probability of bankruptcy category among related companies.
Ethos Fundamentals
| Return On Equity | -0.68 | |||
| Return On Asset | -0.43 | |||
| Current Valuation | 4.91 M | |||
| Shares Outstanding | 56.43 M | |||
| Shares Owned By Insiders | 7.14 % | |||
| Shares Owned By Institutions | 14.60 % | |||
| Price To Earning | (11.58) X | |||
| Price To Book | 0.76 X | |||
| Gross Profit | (12.36 K) | |||
| EBITDA | (9.17 M) | |||
| Net Income | (5.52 M) | |||
| Cash And Equivalents | 5.06 M | |||
| Cash Per Share | 0.09 X | |||
| Debt To Equity | 1.00 % | |||
| Current Ratio | 8.88 X | |||
| Book Value Per Share | 0.22 X | |||
| Cash Flow From Operations | (7.43 M) | |||
| Earnings Per Share | (0.09) X | |||
| Number Of Employees | 13 | |||
| Beta | 0.0977 | |||
| Market Capitalization | 7.37 M | |||
| Total Asset | 13.98 M | |||
| Retained Earnings | (15.84 M) | |||
| Working Capital | 6.18 M | |||
| Current Asset | 6.21 M | |||
| Current Liabilities | 25 K | |||
| Z Score | -1.4 | |||
| Net Asset | 13.98 M |
About Ethos Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ethos Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ethos Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ethos Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
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 Ethos Gold 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, Ethos Gold's short interest history, or implied volatility extrapolated from Ethos Gold options trading.
Pair Trading with Ethos Gold
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 Ethos Gold 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 Ethos Gold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ethos Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ethos Gold 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 Ethos Gold - 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 Ethos Gold Corp to buy it.
The correlation of Ethos Gold 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 Ethos Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ethos Gold 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 Ethos Gold 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 otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Other Consideration for investing in Ethos OTC Stock
If you are still planning to invest in Ethos Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ethos Gold's history and understand the potential risks before investing.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |