Carrier Globalcorp Stock Z Score
| CARR Stock | USD 53.38 0.87 1.60% |
Carrier | Z Score |
Carrier GlobalCorp Company Z Score Analysis
Carrier GlobalCorp'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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Carrier Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Carrier GlobalCorp is extremely important. It helps to project a fair market value of Carrier Stock properly, considering its historical fundamentals such as Z Score. Since Carrier GlobalCorp'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 Carrier GlobalCorp'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 Carrier GlobalCorp's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Carrier GlobalCorp has a Z Score of 0.0. This is 100.0% lower than that of the Building Products 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.
Carrier Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carrier GlobalCorp's 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 Carrier GlobalCorp could also be used in its relative valuation, which is a method of valuing Carrier GlobalCorp by comparing valuation metrics of similar companies.Carrier GlobalCorp is currently under evaluation in z score category among related companies.
Carrier GlobalCorp Institutional Holders
Institutional Holdings refers to the ownership stake in Carrier GlobalCorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Carrier GlobalCorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Carrier GlobalCorp's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 9.6 M | Fiera Capital Corporation | 2023-12-31 | 9.2 M | Northern Trust Corp | 2023-12-31 | 8.3 M | Goldman Sachs Group Inc | 2023-12-31 | 8.3 M | Norges Bank | 2023-12-31 | 7.7 M | Fmr Inc | 2023-12-31 | 7.1 M | Legal & General Group Plc | 2023-12-31 | 6.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 6.2 M | Jpmorgan Chase & Co | 2023-12-31 | 6.1 M | Vanguard Group Inc | 2023-12-31 | 93.8 M | Capital Research Global Investors | 2023-12-31 | 92.8 M |
Carrier Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0482 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 53.84 B | ||||
| Shares Outstanding | 900.1 M | ||||
| Shares Owned By Insiders | 6.63 % | ||||
| Shares Owned By Institutions | 85.81 % | ||||
| Number Of Shares Shorted | 14.13 M | ||||
| Price To Earning | 10.68 X | ||||
| Price To Book | 5.90 X | ||||
| Price To Sales | 2.32 X | ||||
| Revenue | 22.1 B | ||||
| Gross Profit | 5.47 B | ||||
| EBITDA | 2.3 B | ||||
| Net Income | 1.44 B | ||||
| Cash And Equivalents | 2.98 B | ||||
| Cash Per Share | 3.57 X | ||||
| Total Debt | 14.68 B | ||||
| Debt To Equity | 1.26 % | ||||
| Current Ratio | 1.62 X | ||||
| Book Value Per Share | 10.33 X | ||||
| Cash Flow From Operations | 2.61 B | ||||
| Short Ratio | 2.37 X | ||||
| Earnings Per Share | 1.58 X | ||||
| Price To Earnings To Growth | 2.25 X | ||||
| Target Price | 63.04 | ||||
| Number Of Employees | 53 K | ||||
| Beta | 1.25 | ||||
| Market Capitalization | 48.83 B | ||||
| Total Asset | 32.82 B | ||||
| Retained Earnings | 6.59 B | ||||
| Working Capital | 11.89 B | ||||
| Current Asset | 5.68 B | ||||
| Current Liabilities | 4.94 B | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 32.82 B | ||||
| Last Dividend Paid | 0.75 |
About Carrier GlobalCorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carrier GlobalCorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carrier GlobalCorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carrier GlobalCorp 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.
Carrier GlobalCorp Investors Sentiment
The influence of Carrier GlobalCorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carrier. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carrier GlobalCorp's public news can be used to forecast risks associated with an investment in Carrier. The trend in average sentiment can be used to explain how an investor holding Carrier can time the market purely based on public headlines and social activities around Carrier GlobalCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carrier GlobalCorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carrier GlobalCorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carrier GlobalCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carrier GlobalCorp.
Carrier GlobalCorp Implied Volatility | 295.72 |
Carrier GlobalCorp's implied volatility exposes the market's sentiment of Carrier GlobalCorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carrier GlobalCorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carrier GlobalCorp stock will not fluctuate a lot when Carrier GlobalCorp's options are near their expiration.
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 Carrier GlobalCorp 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, Carrier GlobalCorp's short interest history, or implied volatility extrapolated from Carrier GlobalCorp options trading.
Pair Trading with Carrier GlobalCorp
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 Carrier GlobalCorp 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 Carrier GlobalCorp will appreciate offsetting losses from the drop in the long position's value.Moving against Carrier Stock
| 0.46 | AEHL | Antelope Enterprise Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Carrier GlobalCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carrier GlobalCorp 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 Carrier GlobalCorp - 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 Carrier GlobalCorp to buy it.
The correlation of Carrier GlobalCorp 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 Carrier GlobalCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carrier GlobalCorp 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 Carrier GlobalCorp 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 Carrier GlobalCorp Piotroski F Score and Carrier GlobalCorp Valuation analysis. To learn how to invest in Carrier Stock, please use our How to Invest in Carrier GlobalCorp guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Carrier Stock analysis
When running Carrier GlobalCorp's price analysis, check to measure Carrier GlobalCorp'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 Carrier GlobalCorp is operating at the current time. Most of Carrier GlobalCorp's value examination focuses on studying past and present price action to predict the probability of Carrier GlobalCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier GlobalCorp's price. Additionally, you may evaluate how the addition of Carrier GlobalCorp to your portfolios can decrease your overall portfolio volatility.
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Is Carrier GlobalCorp'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 Carrier GlobalCorp. If investors know Carrier 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 Carrier GlobalCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.582 | Dividend Share 0.745 | Earnings Share 1.58 | Revenue Per Share 26.392 | Quarterly Revenue Growth (0) |
The market value of Carrier GlobalCorp is measured differently than its book value, which is the value of Carrier that is recorded on the company's balance sheet. Investors also form their own opinion of Carrier GlobalCorp's value that differs from its market value or its book value, called intrinsic value, which is Carrier GlobalCorp'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 Carrier GlobalCorp's market value can be influenced by many factors that don't directly affect Carrier GlobalCorp'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 Carrier GlobalCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carrier GlobalCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carrier GlobalCorp'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.