For stocks, Probability Of Bankruptcy is 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 probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.
JC Penney Probability Of Bankruptcy Assessment
Based on latest financial disclosure J C Penney Company Inc has Probability Of Bankruptcy of 51%. This is 33.92% higher than that of Services sector, and 43.71% higher than that of Department Stores industry, This indicator is about the same for all stocks average (which is currently at 51.27).
Filter other Stocks by Probability Of Bankruptcy
J C Penney Company Inc has more than 51 (%) percent chance of experiencing financial distress in the next 2 years of operations. More Info
Follow JC Penney Probability Of Bankruptcy with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
J C Penney Company IncUSA StockCurrency: USD - US DollarTraded on New York Stock Exchange
Other JC Penney Fundamentals
Use alpha and beta coefficients to find investment opportunities after accounting for the riskFind Alpha
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals, sectors and familiesResearch Equities
Find insiders across different sectors to evaluate their impact on performance and growth of their entitiesResearch Insiders