Big Blockchain Intelligence Stock Z Score

BBKCF Stock  USD 0.14  0.01  6.67%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out BIG Blockchain Piotroski F Score and BIG Blockchain Valuation analysis.
  

BIG Z Score Analysis

BIG Blockchain'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..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

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.
Competition

In accordance with the company's disclosures, BIG Blockchain Intelligence has a Z Score of 0.0. This is 100.0% lower than that of the Financial Services sector and 100.0% lower than that of the Capital Markets industry. The z score for all United States stocks is 100.0% higher than that of the company.

BIG Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BIG Blockchain's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of BIG Blockchain could also be used in its relative valuation, which is a method of valuing BIG Blockchain by comparing valuation metrics of similar companies.
BIG Blockchain is currently under evaluation in z score category among related companies.

BIG Fundamentals

About BIG Blockchain Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BIG Blockchain Intelligence's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BIG Blockchain using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BIG Blockchain Intelligence based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
BIGG Digital Assets Inc. operates and invests in the digital currency in Canada. BIGG Digital Assets Inc. is headquartered in Vancouver, Canada. Big Blockchain is traded on OTC Exchange in the United States.
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 BIG Blockchain 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, BIG Blockchain's short interest history, or implied volatility extrapolated from BIG Blockchain options trading.

Pair Trading with BIG Blockchain

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 BIG Blockchain 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 BIG Blockchain will appreciate offsetting losses from the drop in the long position's value.

Moving against BIG OTC Stock

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The ability to find closely correlated positions to BIG Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIG Blockchain 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 BIG Blockchain - 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 BIG Blockchain Intelligence to buy it.
The correlation of BIG Blockchain 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 BIG Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIG Blockchain Intel 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 BIG Blockchain 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 BIG Blockchain Piotroski F Score and BIG Blockchain Valuation analysis.
Note that the BIG Blockchain Intel information on this page should be used as a complementary analysis to other BIG Blockchain'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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