Chc Group Llc Stock Z Score
| CHHCF Stock | USD 0.0002 0.00 0.00% |
CHC |
CHC Group LLC Company Z Score Analysis
CHC Group'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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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, CHC Group LLC has a Z Score of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Airports & Air Services industry. The z score for all United States stocks is 100.0% higher than that of the company.
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CHC Fundamentals
| Shares Owned By Institutions | 100.00 % |
About CHC Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CHC Group LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CHC Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CHC Group LLC 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.
Pair Trading with CHC Group
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 CHC Group 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 CHC Group will appreciate offsetting losses from the drop in the long position's value.Moving together with CHC Pink Sheet
| 1.0 | AIPUF | Airports of Thailand | PairCorr |
The ability to find closely correlated positions to CHC Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHC Group 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 CHC Group - 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 CHC Group LLC to buy it.
The correlation of CHC Group 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 CHC Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHC Group LLC 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 CHC Group 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 CHC Group LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the CHC Group LLC information on this page should be used as a complementary analysis to other CHC Group'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for CHC Pink Sheet analysis
When running CHC Group's price analysis, check to measure CHC Group'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 CHC Group is operating at the current time. Most of CHC Group's value examination focuses on studying past and present price action to predict the probability of CHC Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHC Group's price. Additionally, you may evaluate how the addition of CHC Group to your portfolios can decrease your overall portfolio volatility.
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