Probability Of Bankruptcy AnalysisFor 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 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.
Distress Driver Correlations
About Probability Of BankruptcyProbability of Bankruptcy SHOULD NOT be confused with 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 to meet its current financial obligations towards its creditors or to deliver on the expectations of its investors. Macroaxis derives these conditions on a daily bases 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, revenues patterns, RND expenses, as well as public headlines and social sentiment.
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Titan Machinery Probability Of Bankruptcy Assessment
Based on latest financial disclosure Titan Machinery Inc has Probability Of Bankruptcy of 43.0%. This is 11.43% higher than that of the Services sector, and 16.5% higher than that of Industrial Equipment Wholesale industry, This indicator is about the same for all stocks average (which is currently at 43.05).