Auckland International Airport Stock Probability Of Bankruptcy

ACKDF Stock  USD 4.88  0.09  1.88%   
Auckland International's odds of distress is under 16% at the present time. It has tiny probability of undergoing some form of financial straits in the near future. Auckland International's Probability Of Bankruptcy is determined by interpolating and adjusting Auckland Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Auckland balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Auckland International Piotroski F Score and Auckland International Altman Z Score analysis.
  

Auckland Probability Of Bankruptcy Analysis

Auckland International'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.

Probability Of Bankruptcy

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Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Auckland International Probability Of Bankruptcy

    
  Less than 16%  
Most of Auckland International'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, Auckland International Airport is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Auckland International 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 Auckland International 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 Auckland International Airport financial health.
Please note, there is a significant difference between Auckland International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Auckland International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Auckland International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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, Auckland International Airport has a Probability Of Bankruptcy of 16.0%. This is 62.42% lower than that of the Industrials sector and 59.19% lower than that of the Airports & Air Services industry. The probability of bankruptcy for all United States stocks is 59.83% higher than that of the company.

Auckland Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Auckland International's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Auckland International could also be used in its relative valuation, which is a method of valuing Auckland International by comparing valuation metrics of similar companies.
Auckland International is currently under evaluation in probability of bankruptcy category among related companies.

Auckland Fundamentals

About Auckland International Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Auckland International Airport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Auckland International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Auckland International Airport 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.
Auckland International Airport Limited provides airport facilities, supporting infrastructure, and aeronautical services in Auckland, New Zealand. The company was founded in 1966 and is based in Manukau, New Zealand. Auckland Intl operates under Airports Air Services classification in the United States and is traded on OTC Exchange. It employs 476 people.
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 Auckland International 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, Auckland International's short interest history, or implied volatility extrapolated from Auckland International options trading.

Pair Trading with Auckland International

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 Auckland International 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 Auckland International will appreciate offsetting losses from the drop in the long position's value.

Moving against Auckland Pink Sheet

  0.84ANYYY Aena SME SAPairCorr
  0.82KSPI Joint StockPairCorr
  0.81ANNSF Aena SME SAPairCorr
  0.75KAKZF Kaspi Bank JointPairCorr
  0.73NVR NVR Inc Financial Report 23rd of April 2024 PairCorr
The ability to find closely correlated positions to Auckland International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auckland International 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 Auckland International - 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 Auckland International Airport to buy it.
The correlation of Auckland International 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 Auckland International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auckland International 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 Auckland International 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.
Pair CorrelationCorrelation Matching
Check out Auckland International Piotroski F Score and Auckland International Altman Z Score analysis.
Note that the Auckland International information on this page should be used as a complementary analysis to other Auckland International'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 Stocks Directory module to find actively traded stocks across global markets.

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When running Auckland International's price analysis, check to measure Auckland International'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 Auckland International is operating at the current time. Most of Auckland International's value examination focuses on studying past and present price action to predict the probability of Auckland International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auckland International's price. Additionally, you may evaluate how the addition of Auckland International to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Auckland International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Auckland International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Auckland International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.