Benjamin Hill Mining Stock Z Score
| BNNHF Stock | USD 0.38 0.04 9.52% |
Benjamin |
Benjamin Hill Mining OTC Stock Z Score Analysis
Benjamin Hill'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..
Current Benjamin Hill Z Score | 3.0 |
Most of Benjamin Hill's fundamental indicators, such as Z Score, 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, Benjamin Hill Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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, Benjamin Hill Mining has a Z Score of 3.0. This is 19.52% higher than that of the Basic Materials sector and 64.24% lower than that of the Gold industry. The z score for all United States stocks is 65.6% higher than that of the company.
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Benjamin Fundamentals
| Return On Equity | -0.42 | |||
| Return On Asset | -0.11 | |||
| Current Valuation | 5.11 M | |||
| Shares Outstanding | 58.2 M | |||
| Shares Owned By Insiders | 0.84 % | |||
| Price To Book | 0.86 X | |||
| EBITDA | (2.48 M) | |||
| Net Income | (2.49 M) | |||
| Cash And Equivalents | 379.1 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 1.09 M | |||
| Debt To Equity | 0.63 % | |||
| Current Ratio | 0.62 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (195.3 K) | |||
| Earnings Per Share | (0.04) X | |||
| Beta | 3.2 | |||
| Market Capitalization | 6.27 M | |||
| Total Asset | 3.34 M | |||
| Z Score | 3.0 | |||
| Net Asset | 3.34 M |
About Benjamin Hill Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Benjamin Hill Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Benjamin Hill using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Benjamin Hill Mining 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.
Pair Trading with Benjamin Hill
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 Benjamin Hill 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 Benjamin Hill will appreciate offsetting losses from the drop in the long position's value.Moving against Benjamin OTC Stock
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The ability to find closely correlated positions to Benjamin Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Benjamin Hill 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 Benjamin Hill - 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 Benjamin Hill Mining to buy it.
The correlation of Benjamin Hill 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 Benjamin Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Benjamin Hill Mining 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 Benjamin Hill 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, which includes a position in Benjamin Hill Mining. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Benjamin Hill Mining information on this page should be used as a complementary analysis to other Benjamin Hill'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Benjamin OTC Stock analysis
When running Benjamin Hill's price analysis, check to measure Benjamin Hill'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 Benjamin Hill is operating at the current time. Most of Benjamin Hill's value examination focuses on studying past and present price action to predict the probability of Benjamin Hill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Benjamin Hill's price. Additionally, you may evaluate how the addition of Benjamin Hill to your portfolios can decrease your overall portfolio volatility.
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