American Superconductor Stock Z Score
| AMSC Stock | USD 14.01 0.49 3.62% |
American |
American Superconductor Company Z Score Analysis
American Superconductor's 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..
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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.
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In accordance with the company's disclosures, American Superconductor has a Z Score of 0.0. This is 100.0% lower than that of the Electrical Equipment sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
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American Fundamentals
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.0433 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 394.16 M | ||||
| Shares Outstanding | 36.14 M | ||||
| Shares Owned By Insiders | 4.50 % | ||||
| Shares Owned By Institutions | 52.61 % | ||||
| Number Of Shares Shorted | 1.88 M | ||||
| Price To Earning | 273.04 X | ||||
| Price To Book | 5.67 X | ||||
| Price To Sales | 3.33 X | ||||
| Revenue | 105.98 M | ||||
| Gross Profit | 14.09 M | ||||
| EBITDA | (23.49 M) | ||||
| Net Income | (35.04 M) | ||||
| Cash And Equivalents | 33.35 M | ||||
| Cash Per Share | 1.17 X | ||||
| Total Debt | 3.08 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 2.59 X | ||||
| Cash Flow From Operations | (22.48 M) | ||||
| Short Ratio | 6.84 X | ||||
| Earnings Per Share | (0.58) X | ||||
| Price To Earnings To Growth | (0.06) X | ||||
| Target Price | 15.67 | ||||
| Number Of Employees | 328 | ||||
| Beta | 1.97 | ||||
| Market Capitalization | 488.56 M | ||||
| Total Asset | 175.56 M | ||||
| Retained Earnings | (1.06 B) | ||||
| Working Capital | 22.07 M | ||||
| Current Asset | 83.34 M | ||||
| Current Liabilities | 41.01 M | ||||
| Net Asset | 175.56 M |
About American Superconductor Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze American Superconductor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Superconductor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Superconductor 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 American Superconductor
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 American Superconductor 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 American Superconductor will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to American Superconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Superconductor 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 American Superconductor - 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 American Superconductor to buy it.
The correlation of American Superconductor 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 American Superconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Superconductor 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 American Superconductor 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 American Superconductor Piotroski F Score and American Superconductor Valuation analysis. For information on how to trade American Stock refer to our How to Trade American Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for American Stock analysis
When running American Superconductor's price analysis, check to measure American Superconductor'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 American Superconductor is operating at the current time. Most of American Superconductor's value examination focuses on studying past and present price action to predict the probability of American Superconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Superconductor's price. Additionally, you may evaluate how the addition of American Superconductor to your portfolios can decrease your overall portfolio volatility.
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Is American Superconductor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Superconductor. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Superconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of American Superconductor is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Superconductor's value that differs from its market value or its book value, called intrinsic value, which is American Superconductor'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 American Superconductor's market value can be influenced by many factors that don't directly affect American Superconductor'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 American Superconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Superconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Superconductor'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.