Apa Corp Probability Of Bankruptcy

APA -  USA Stock  

USD 20.65  0.48  2.27%

Apa Corp Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Apa Corp Probability Of Bankruptcy is determined by interpolating and adjusting Apa Corp 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 Apa Corp balance sheet as well as cash flow and income statements available from the company's most recent filings. Please continue to Apa Corp Piotroski F Score and Apa Corp Altman Z Score analysis.

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Apa Corp Revenue Per Employee is projected to decrease significantly based on the last few years of reporting. The past year's Revenue Per Employee was at 1.89 Million. The current year Average Assets is expected to grow to about 13.3 B, whereas Net Income Per Employee is forecasted to decline to (2.2 M).

Apa Corp Probability Of Bankruptcy Analysis

Apa Corp'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.
 2018 2019 2020 2021 (projected)
Revenues USD7.76 B6.55 B4.31 B6.45 B
Revenues7.76 B6.55 B4.31 B6.45 B
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current Apa Corp Probability Of Bankruptcy

    
  55%  
Most of Apa Corp'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, Apa Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Apa Corp 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 Apa Corp 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 Apa Corp financial health.
The market value of Apa Corp is measured differently than its book value, which is the value of Apa Corp that is recorded on the company's balance sheet. Investors also form their own opinion of Apa Corp's value that differs from its market value or its book value, called intrinsic value, which is Apa Corp'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 Apa Corp's market value can be influenced by many factors that don't directly affect Apa Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Apa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apa Corp'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.

Apa Corp Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Apa Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Apa Corp'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 Apa Corp'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 Apa Corp's interrelated accounts and indicators.
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.
Compare to competition

Based on the latest financial disclosure, Apa Corp has a Probability Of Bankruptcy of 55%. This is much higher than that of the Energy sector and significantly higher than that of the Oil & Gas E&P industry. The probability of bankruptcy for all United States stocks is notably lower than that of the firm.

Apa Corp Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Apa Corp'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 Apa Corp could also be used in its relative valuation, which is a method of valuing Apa Corp by comparing valuation metrics of similar companies.
Apa Corp is rated second in probability of bankruptcy category among related companies.

Apa Corp Main Bankruptcy Drivers

201620172018201920202021 (projected)
Return on Average Assets(0.064)0.0590.002(0.17)(0.37)(0.39)
Asset Turnover0.250.270.360.320.330.34
Gross Margin0.0850.230.320.150.0880.0903
Total Debt8.54 B8.48 B8.24 B8.57 B8.77 B8.47 B
Total Liabilities14.84 B13.13 B12.77 B13.64 B13.39 B15.06 B
Current Liabilities1.84 B2.56 B2.2 B1.85 B1.31 B1.99 B
Total Assets22.52 B21.92 B21.58 B18.11 B12.75 B13.08 B
Current Assets3.24 B3.73 B2.69 B1.96 B1.85 B2.63 B
Net Cash Flow from Operations2.43 B2.43 B3.78 B2.87 B1.39 B1.42 B
Weighted Average Shares378 M379 M381 M382 M377 M418.89 M
Weighted Average Shares Diluted384 M378 M379 M383 M377 M360.44 M

Apa Corp Fundamentals

About Apa Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Apa Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apa Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apa 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.
APA Corporation, through its subsidiaries, explores for and produces oil and gas properties. The company was founded in 1954 and is based in Houston, Texas. Apa Corp operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 2272 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apa Corp without increasing your portfolio risk or giving up 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.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Apa Corp

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 Apa Corp 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 Apa Corp will appreciate offsetting losses from the drop in the long position's value.

Apa Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apa Corp and Antero Resources Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Apa Corp Piotroski F Score and Apa Corp Altman Z Score analysis. Note that the Apa Corp information on this page should be used as a complementary analysis to other Apa Corp'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Apa Corp price analysis, check to measure Apa Corp'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 Apa Corp is operating at the current time. Most of Apa Corp's value examination focuses on studying past and present price action to predict the probability of Apa Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Apa Corp's price. Additionally, you may evaluate how the addition of Apa Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Apa Corp is measured differently than its book value, which is the value of Apa Corp that is recorded on the company's balance sheet. Investors also form their own opinion of Apa Corp's value that differs from its market value or its book value, called intrinsic value, which is Apa Corp'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 Apa Corp's market value can be influenced by many factors that don't directly affect Apa Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Apa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apa Corp'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.