# Clarus Probability Of Bankruptcy

CLAR | - USA Stock | ## USD 29.09 0.90 3.00% |

**M**, while Average Assets are likely to drop slightly above 237.2

**M**.

## Clarus Probability Of Bankruptcy Analysis

Clarus Corp's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years. 2019 | 2020 | 2021 (projected) | |

Receivables Turnover | 5.92 | 4.85 | 5.95 |

PPandE Turnover | 9.91 | 8.96 | 10.96 |

Probability Of Bankruptcy | = | Normalized | | Z-Score |

## Current Clarus Corp Probability Of Bankruptcy | 3% |

Most of Clarus Corp's fundamental indicators, such as Probability Of Bankruptcy, 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, Clarus Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Clarus Corp probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Clarus Corp odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Clarus Corp financial health.

The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Clarus Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.

## Clarus Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Clarus Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Clarus Corp'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 Clarus Corp'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 Clarus Corp's interrelated accounts and indicators.

**Click cells**to compare fundamentals

The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Compare to competition |

Based on the latest financial disclosure, Clarus Corp has a Probability Of Bankruptcy of 3.0%. This is 92.75% lower than that of the Consumer Cyclical sector and 92.28% lower than that of the Leisure industry. The probability of bankruptcy for all United States stocks is 92.47% higher than that of the company.

## Clarus Probability Of Bankruptcy Peer Comparison

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

## Clarus Corp Main Bankruptcy Drivers

2016 | 2017 | 2018 | 2019 | 2020 | 2021 (projected) | ||

Return on Average Assets | (0.28) | (0.042) | (0.003) | 0.035 | 0.086 | 0.0174 | |

Asset Turnover | 0.57 | 0.69 | 0.86 | 1.01 | 1.04 | 0.88 | |

Total Debt | 21.9 M | 20.84 M | 22.15 M | 22.67 M | 34.62 M | 29.98 M | |

Total Liabilities | 49.65 M | 44.47 M | 46.92 M | 49.07 M | 76.1 M | 64.13 M | |

Current Liabilities | 40.61 M | 19.78 M | 21.74 M | 24.56 M | 39.62 M | 36.24 M | |

Total Assets | 210.46 M | 207.45 M | 213.13 M | 230.26 M | 280.69 M | 253.64 M | |

Current Assets | 166.94 M | 99.44 M | 108.5 M | 120.87 M | 142.12 M | 144.67 M | |

Net Cash Flow from Operations | 4.81 M | (8.92 M) | 11.39 M | 9.52 M | 29.39 M | 31.71 M | |

Weighted Average Shares | 30.47 M | 30.09 M | 29.91 M | 29.82 M | 30.18 M | 32.7 M | |

Weighted Average Shares Diluted | 30.47 M | 30.09 M | 30.25 M | 30.99 M | 31.23 M | 33.41 M |

## Clarus Fundamentals

Return On Equity | 5.71 % | |||

Return On Asset | 2.85 % | |||

Profit Margin | 4.55 % | |||

Operating Margin | 8.66 % | |||

Current Valuation | 716.05 M | |||

Shares Outstanding | 31.31 M | |||

Shares Owned by Insiders | 11.45 % | |||

Shares Owned by Institutions | 85.88 % | |||

Number of Shares Shorted | 310.7 K | |||

Price to Earning | 158.28 X | |||

Price to Book | 4.35 X | |||

Price to Sales | 3.63 X | |||

Revenue | 245.78 M | |||

Gross Profit | 78.16 M | |||

EBITDA | 21.29 M | |||

Net Income | 11.19 M | |||

Cash and Equivalents | 6.53 M | |||

Cash per Share | 0.21 X | |||

Total Debt | 28.65 M | |||

Debt to Equity | 0.14 % | |||

Current Ratio | 3.79 X | |||

Book Value Per Share | 6.55 X | |||

Cash Flow from Operations | 23.38 M | |||

Short Ratio | 1.65 X | |||

Earnings Per Share | 0.18 X | |||

Price to Earnings To Growth | 1.60 X | |||

Number of Employees | 600 | |||

Beta | 0.86 | |||

Market Capitalization | 892.14 M | |||

Total Asset | 69.24 M | |||

Retained Earnings | (311.38 M) | |||

Working Capital | (75.97 M) | |||

Current Asset | 21.6 M | |||

Current Liabilities | 97.57 M | |||

Z Score | 14.8 | |||

Last Dividend Paid | 0.1 |

## About Clarus Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Clarus Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clarus Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clarus Corp 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.Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. Clarus Corporation was incorporated in 1991 and is headquartered in Salt Lake City, Utah. Clarus Corp operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 600 people.
## Clarus Corp Investors Sentiment

The influence of Clarus Corp'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 Clarus. 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 markets does not have a solid backing from leading economists and market statisticians.## Pair Trading with Clarus Corp

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 Clarus Corp 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 Clarus Corp will appreciate offsetting losses from the drop in the long position's value.## Clarus Corp Pair Correlation

### Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Clarus Corp and Brunswick Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return

Run Pair Correlation |

Continue to Clarus Corp Piotroski F Score and Clarus Corp Altman Z Score analysis. Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Clarus Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.