Adru Etf Probability Of Bankruptcy
ADRU's risk of distress is under 9% at this time. It has tiny likelihood of undergoing some form of financial hardship in the near future. Probability of financial unrest prediction helps decision makers evaluate ADRU's chance of financial distress in relation to its going-concern outlook and evaluation. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
ADRU |
ADRU ETF probability of financial unrest Analysis
ADRU'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 ADRU Probability Of Bankruptcy | Less than 9% |
Most of ADRU'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, ADRU is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of ADRU 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 ADRU 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 ADRU financial health.
The market value of ADRU is measured differently than its book value, which is the value of ADRU that is recorded on the company's balance sheet. Investors also form their own opinion of ADRU's value that differs from its market value or its book value, called intrinsic value, which is ADRU's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ADRU's market value can be influenced by many factors that don't directly affect ADRU's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ADRU's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADRU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADRU'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.
CompetitionBased on the latest financial disclosure, ADRU has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Invesco family and significantly higher than that of the Europe Stock category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
ADRU Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ADRU's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ADRU could also be used in its relative valuation, which is a method of valuing ADRU by comparing valuation metrics of similar companies.ADRU is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
ADRU Fundamentals
| Shares Outstanding | 750 K | |||
| Price To Earning | 253.76 X | |||
| Price To Book | 1.09 X | |||
| Price To Sales | 1.49 X | |||
| Earnings Per Share | 0.09 X | |||
| Market Capitalization | 11.86 M | |||
| Total Asset | 9.45 M | |||
| One Year Return | 8.33 % | |||
| Three Year Return | 5.75 % | |||
| Five Year Return | 1.81 % | |||
| Ten Year Return | 4.36 % | |||
| Net Asset | 9.45 M | |||
| Last Dividend Paid | 0.041 | |||
| Equity Positions Weight | 100.00 % |
Pair Trading with ADRU
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 ADRU 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 ADRU will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp 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 NetApp - 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 NetApp Inc to buy it.
The correlation of NetApp 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 NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc 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 NetApp 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. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Tools for ADRU Etf
When running ADRU's price analysis, check to measure ADRU'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 ADRU is operating at the current time. Most of ADRU's value examination focuses on studying past and present price action to predict the probability of ADRU's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADRU's price. Additionally, you may evaluate how the addition of ADRU to your portfolios can decrease your overall portfolio volatility.
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