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.
John
Probability Of Bankruptcy
=
Normalized
Z-Score
=
43.40 %
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.
Based on latest financial disclosure John Hancock Income Securities Trust has Probability Of Bankruptcy of 43.4%. This is 28.4% higher than that of Financial sector, and 25.11% higher than that of Closed-End Fund - Debt industry, The Probability Of Bankruptcy for all stocks is 25.22% lower than the firm.
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NYSE John Hancock Income Securities Trust
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