Avalonbay Communities Stock Z Score
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
AvalonBay |
AvalonBay Communities Company Z Score Analysis
AvalonBay Communities' 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 AvalonBay Communities Z Score | 9.6 |
Most of AvalonBay Communities' 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, AvalonBay Communities 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.
CompetitionIn accordance with the company's disclosures, AvalonBay Communities has a Z Score of 9.6. This is much higher than that of the Real Estate sector and significantly higher than that of the REIT—Residential industry. The z score for all Brazil stocks is 10.09% lower than that of the firm.
AvalonBay Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AvalonBay Communities' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AvalonBay Communities could also be used in its relative valuation, which is a method of valuing AvalonBay Communities by comparing valuation metrics of similar companies.AvalonBay Communities is currently under evaluation in z score category among related companies.
AvalonBay Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0242 | |||
| Profit Margin | 0.48 % | |||
| Operating Margin | 0.30 % | |||
| Current Valuation | 170.67 B | |||
| Shares Outstanding | 559.59 M | |||
| Price To Earning | 46.14 X | |||
| Price To Book | 2.15 X | |||
| Price To Sales | 49.19 X | |||
| Revenue | 2.29 B | |||
| Gross Profit | 1.46 B | |||
| EBITDA | 1.99 B | |||
| Net Income | 1 B | |||
| Cash And Equivalents | 297.04 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 8.1 B | |||
| Debt To Equity | 0.69 % | |||
| Current Ratio | 0.68 X | |||
| Book Value Per Share | 20.07 X | |||
| Cash Flow From Operations | 1.2 B | |||
| Earnings Per Share | 10.74 X | |||
| Price To Earnings To Growth | 1.46 X | |||
| Number Of Employees | 2.84 K | |||
| Beta | 0.93 | |||
| Market Capitalization | 131.86 B | |||
| Total Asset | 19.9 B | |||
| Z Score | 9.6 | |||
| Annual Yield | 0.03 % | |||
| Net Asset | 19.9 B | |||
| Last Dividend Paid | 6.36 |
About AvalonBay Communities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AvalonBay Communities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AvalonBay Communities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AvalonBay Communities based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 AvalonBay Communities 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, AvalonBay Communities' short interest history, or implied volatility extrapolated from AvalonBay Communities options trading.
Pair Trading with AvalonBay Communities
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 AvalonBay Communities 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 AvalonBay Communities will appreciate offsetting losses from the drop in the long position's value.Moving together with AvalonBay Stock
| 0.63 | E1SS34 | Essex Property Trust | PairCorr |
| 0.63 | A1IV34 | Apartment Investment and | PairCorr |
Moving against AvalonBay Stock
| 0.52 | AAPL34 | Apple Inc | PairCorr |
The ability to find closely correlated positions to AvalonBay Communities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AvalonBay Communities 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 AvalonBay Communities - 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 AvalonBay Communities to buy it.
The correlation of AvalonBay Communities 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 AvalonBay Communities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AvalonBay Communities 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 AvalonBay Communities 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AvalonBay Communities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade AvalonBay Stock refer to our How to Trade AvalonBay Stock guide.Note that the AvalonBay Communities information on this page should be used as a complementary analysis to other AvalonBay Communities' 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for AvalonBay Stock analysis
When running AvalonBay Communities' price analysis, check to measure AvalonBay Communities' 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 AvalonBay Communities is operating at the current time. Most of AvalonBay Communities' value examination focuses on studying past and present price action to predict the probability of AvalonBay Communities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AvalonBay Communities' price. Additionally, you may evaluate how the addition of AvalonBay Communities to your portfolios can decrease your overall portfolio volatility.
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