Advent Z Score Analysis
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.
In accordance with the company's disclosures, Advent Wireless has a Z Score of 32.2. This is much higher than that of the Specialty Retail sector and 253.07% higher than that of the Consumer Discretionary industry. The z score for all Canada stocks is notably lower than that of the firm.
Advent Z Score Peer ComparisonStock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advent Wireless' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advent Wireless could also be used in its relative valuation, which is a method of valuing Advent Wireless by comparing valuation metrics of similar companies.
About Advent Wireless Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Advent Wireless's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advent Wireless using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advent Wireless 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.Advent-AWI Holdings Inc., together with its subsidiaries, sells cellular and wireless products, services, and accessories in Canada. Advent-AWI Holdings Inc. was incorporated in 1984 and is based in Vancouver, Canada. ADVENT AWI is traded on TSX Venture Exchange in Canada.
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 Advent Wireless 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, Advent Wireless' short interest history, or implied volatility extrapolated from Advent Wireless options trading.
Pair Trading with Advent WirelessOne 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 Advent Wireless 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 Advent Wireless will appreciate offsetting losses from the drop in the long position's value.
Check out Advent Wireless Piotroski F Score and Advent Wireless Valuation analysis.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Advent Stock analysis
When running Advent Wireless' price analysis, check to measure Advent Wireless' 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 Advent Wireless is operating at the current time. Most of Advent Wireless' value examination focuses on studying past and present price action to predict the probability of Advent Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advent Wireless' price. Additionally, you may evaluate how the addition of Advent Wireless to your portfolios can decrease your overall portfolio volatility.
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