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.
AAZZF Z Score Analysis
A2Z SMART's ZScore is a simple linear, multifactor 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..
 First Factor  =  1.2 * (  Working Capital  /  Total Assets ) 

 Second Factor  =  1.4 * (  Retained Earnings  /  Total Assets ) 

 Thrid Factor  =  3.3 * (  EBITAD  /  Total Assets ) 

 Fouth Factor  =  0.6 * (  Market Value of Equity  /  Total Liabilities ) 

 Fifth Factor  =  0.99 * (  Revenue  /  Total Assets ) 

To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore 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 ZScores 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 socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competitionIn accordance with the company's disclosures, A2Z SMART TECHNOLOGIES has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the
Aerospace & Defense industry. The z score for all United States stocks is 100.0% higher than that of the company.
  Fundamentals ComparisonCompare fundamentals across multiple equities to find investing opportunities 
AAZZF Fundamentals
Be your own money manager
Our tools can tell you how much better you can do entering a position in A2Z SMART without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate riskadjusted returns of your individual positions relative to your overall portfolio.
  Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated 
Pair Trading with A2Z SMART
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 A2Z SMART 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 A2Z SMART will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Intel Corp could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Intel Corp 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 Intel Corp  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 Intel Corp to buy it.
The correlation of Intel Corp is a statistical measure of how it moves in relation to other equities. 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 Intel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intel Corp 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 Intel Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.
Pair CorrelationCorrelation MatchingCheck out
Trending Equities. Note that the A2Z SMART TECHNOLOGIES information on this page should be used as a complementary analysis to other A2Z SMART's 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
Bond Directory module to find actively traded corporate debentures issued by US companies.
Other Tools for AAZZF Stock
When running A2Z SMART TECHNOLOGIES price analysis, check to
measure A2Z SMART's 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 A2Z SMART is operating at the current time. Most of A2Z SMART's value examination focuses on studying past and present price action to
predict the probability of A2Z SMART's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move A2Z SMART's price. Additionally, you may evaluate how the addition of A2Z SMART to your portfolios can decrease your overall portfolio volatility.
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