Innovative Designs Stock Z Score
IVDN Stock | USD 0.16 0.01 6.67% |
Innovative Designs fundamentals help investors to digest information that contributes to Innovative Designs' financial success or failures. It also enables traders to predict the movement of Innovative OTC Stock. The fundamental analysis module provides a way to measure Innovative Designs' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Innovative Designs otc stock.
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Innovative Designs OTC Stock Z Score Analysis
Innovative Designs' 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..
Current Innovative Designs Z Score | 65.0 |
Most of Innovative Designs' fundamental indicators, such as Z Score, 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, Innovative Designs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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.
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According to the company's disclosures, Innovative Designs has a Z Score of 65. This is much higher than that of the Consumer Cyclical sector and significantly higher than that of the Apparel Retail industry. The z score for all United States stocks is notably lower than that of the firm.
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Innovative Fundamentals
Return On Equity | -0.39 | |||
Return On Asset | -0.2 | |||
Profit Margin | (1.31) % | |||
Operating Margin | (1.85) % | |||
Current Valuation | 10.4 M | |||
Shares Outstanding | 34.48 M | |||
Shares Owned By Insiders | 25.43 % | |||
Price To Earning | (31.20) X | |||
Price To Book | 10.26 X | |||
Price To Sales | 42.43 X | |||
Revenue | 225.6 K | |||
Gross Profit | 128.87 K | |||
EBITDA | (240.31 K) | |||
Net Income | (322.73 K) | |||
Cash And Equivalents | 159.51 K | |||
Total Debt | 71.72 K | |||
Debt To Equity | 0.28 % | |||
Current Ratio | 1.99 X | |||
Book Value Per Share | 0.03 X | |||
Cash Flow From Operations | (119 K) | |||
Earnings Per Share | (0.02) X | |||
Beta | -0.26 | |||
Market Capitalization | 8.62 M | |||
Total Asset | 1.68 M | |||
Retained Earnings | (9.29 M) | |||
Working Capital | 1.59 M | |||
Current Asset | 2.25 M | |||
Current Liabilities | 658.93 K | |||
Z Score | 65.0 | |||
Net Asset | 1.68 M |
About Innovative Designs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovative Designs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovative Designs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovative Designs 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 Innovative Designs 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, Innovative Designs' short interest history, or implied volatility extrapolated from Innovative Designs options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innovative Designs. 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 unemployment. Note that the Innovative Designs information on this page should be used as a complementary analysis to other Innovative Designs' 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Innovative OTC Stock analysis
When running Innovative Designs' price analysis, check to measure Innovative Designs' 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 Innovative Designs is operating at the current time. Most of Innovative Designs' value examination focuses on studying past and present price action to predict the probability of Innovative Designs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Designs' price. Additionally, you may evaluate how the addition of Innovative Designs to your portfolios can decrease your overall portfolio volatility.
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