Accord Financial Corp Stock Probability Of Bankruptcy
| ACD Stock | CAD 4.75 0.10 2.06% |
Accord | Probability Of Bankruptcy |
Accord Financial Corp Company odds of distress Analysis
Accord Financial's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the 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 the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Accord Financial Probability Of Bankruptcy | Over 86% |
Most of Accord Financial's fundamental indicators, such as Probability Of Bankruptcy, 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, Accord Financial Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Accord Financial probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Accord Financial odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Accord Financial Corp financial health.
Accord Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Accord Financial is extremely important. It helps to project a fair market value of Accord Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Accord Financial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Accord Financial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Accord Financial's interrelated accounts and indicators.
Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the 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 meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily 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, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Accord Financial Corp has a Probability Of Bankruptcy of 86%. This is 72.24% higher than that of the Consumer Finance sector and 95.99% higher than that of the Financials industry. The probability of bankruptcy for all Canada stocks is 115.92% lower than that of the firm.
Accord Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Accord Financial's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Accord Financial could also be used in its relative valuation, which is a method of valuing Accord Financial by comparing valuation metrics of similar companies.Accord Financial is currently under evaluation in probability of bankruptcy category among related companies.
Accord Financial Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | 0.0159 | 0.001579 | 0.0229 | 0.002902 | (0.0285) | (0.0271) | |
| Asset Turnover | 0.0962 | 0.0881 | 0.0915 | 0.0883 | 0.16 | 0.31 | |
| Gross Profit Margin | 0.86 | 0.75 | 0.97 | 0.98 | 0.99 | 0.74 | |
| Net Debt | 290.7M | 268.9M | 384.1M | 356.4M | 406.3M | 426.6M | |
| Total Current Liabilities | 260.2M | 243.2M | 368.7M | 342.4M | 393.8M | 413.5M | |
| Non Current Liabilities Total | 46.9M | 43.5M | 368.7M | 342.4M | 393.8M | 413.5M | |
| Total Assets | 406.2M | 384.9M | 520.1M | 491.8M | 513.5M | 539.2M | |
| Total Current Assets | 109.1M | 117.1M | 93.7M | 77.4M | 89.0M | 100.4M | |
| Total Cash From Operating Activities | (47.6M) | 23.4M | (101.6M) | 31.5M | (51.1M) | (48.6M) |
Accord Fundamentals
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0306 | ||||
| Profit Margin | (0.51) % | ||||
| Operating Margin | (0.27) % | ||||
| Current Valuation | 453.54 M | ||||
| Shares Outstanding | 8.56 M | ||||
| Shares Owned By Insiders | 26.17 % | ||||
| Number Of Shares Shorted | 25 | ||||
| Price To Earning | 43.64 X | ||||
| Price To Book | 0.49 X | ||||
| Price To Sales | 1.44 X | ||||
| Revenue | 44.41 M | ||||
| Gross Profit | 64.55 M | ||||
| EBITDA | 32.69 M | ||||
| Net Income | (14.62 M) | ||||
| Cash And Equivalents | 14.73 M | ||||
| Cash Per Share | 1.72 X | ||||
| Total Debt | 371.78 M | ||||
| Debt To Equity | 2.54 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 9.80 X | ||||
| Cash Flow From Operations | (51.12 M) | ||||
| Short Ratio | 0.14 X | ||||
| Earnings Per Share | (1.71) X | ||||
| Target Price | 8.6 | ||||
| Beta | 1.49 | ||||
| Market Capitalization | 40.65 M | ||||
| Total Asset | 513.48 M | ||||
| Retained Earnings | 65.61 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 4.14 % | ||||
| Net Asset | 513.48 M | ||||
| Last Dividend Paid | 0.23 |
About Accord Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Accord Financial Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Accord Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Accord Financial Corp 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.
Pair Trading with Accord Financial
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 Accord Financial 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Accord Stock
| 0.49 | RY-PO | Royal Bank | PairCorr |
| 0.47 | RY-PN | Royal Bank | PairCorr |
| 0.45 | RY-PJ | Royal Bank | PairCorr |
| 0.42 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to Accord Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accord Financial 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 Accord Financial - 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 Accord Financial Corp to buy it.
The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial 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 Accord Financial 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 Accord Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Accord Financial Corp information on this page should be used as a complementary analysis to other Accord Financial'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 the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Accord Stock analysis
When running Accord Financial's price analysis, check to measure Accord Financial'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 Accord Financial is operating at the current time. Most of Accord Financial's value examination focuses on studying past and present price action to predict the probability of Accord Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accord Financial's price. Additionally, you may evaluate how the addition of Accord Financial to your portfolios can decrease your overall portfolio volatility.
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