Coles Group Stock Z Score
| CLEGF Stock | USD 8.57 0.00 0.00% |
Coles |
Coles Group Company Z Score Analysis
Coles 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..
Current Coles Group Z Score | 12.2 |
Most of Coles Group'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, Coles Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
| |||||||
| |||||||
| |||||||
| |||||||
|
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, Coles Group has a Z Score of 12.2. This is 34.66% higher than that of the Consumer Defensive sector and notably higher than that of the Grocery Stores industry. The z score for all United States stocks is 39.91% lower than that of the firm.
Did you try this?
Run Portfolio Backtesting Now
Portfolio BacktestingAvoid under-diversification and over-optimization by backtesting your portfolios |
| All Next | Launch Module |
Coles Fundamentals
| Return On Equity | 0.35 | |||
| Return On Asset | 0.0599 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 21.49 B | |||
| Shares Outstanding | 1.34 B | |||
| Shares Owned By Insiders | 3.31 % | |||
| Shares Owned By Institutions | 31.75 % | |||
| Price To Earning | 14.92 X | |||
| Price To Book | 7.19 X | |||
| Price To Sales | 0.39 X | |||
| Revenue | 39.37 B | |||
| Gross Profit | 10.54 B | |||
| EBITDA | 3.03 B | |||
| Net Income | 1.05 B | |||
| Cash And Equivalents | 589 M | |||
| Cash Per Share | 0.44 X | |||
| Total Debt | 1.09 B | |||
| Debt To Equity | 3.13 % | |||
| Current Ratio | 0.58 X | |||
| Book Value Per Share | 2.35 X | |||
| Cash Flow From Operations | 2.69 B | |||
| Earnings Per Share | 0.55 X | |||
| Number Of Employees | 120 K | |||
| Beta | 0.22 | |||
| Market Capitalization | 18.68 B | |||
| Total Asset | 18.84 B | |||
| Z Score | 12.2 | |||
| Annual Yield | 0.03 % | |||
| Net Asset | 18.84 B | |||
| Last Dividend Paid | 0.63 |
About Coles Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Coles Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coles Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coles Group 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.
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 Coles Group 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, Coles Group's short interest history, or implied volatility extrapolated from Coles Group options trading.
Pair Trading with Coles 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 Coles 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 Coles Group will appreciate offsetting losses from the drop in the long position's value.Moving against Coles Pink Sheet
| 0.49 | SVNDY | Seven i Holdings | PairCorr |
| 0.49 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to Coles 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 Coles 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 Coles 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 Coles Group to buy it.
The correlation of Coles 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 Coles Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coles Group 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 Coles 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 Coles Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Coles Group information on this page should be used as a complementary analysis to other Coles 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Coles Pink Sheet analysis
When running Coles Group's price analysis, check to measure Coles 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 Coles Group is operating at the current time. Most of Coles Group's value examination focuses on studying past and present price action to predict the probability of Coles 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 Coles Group's price. Additionally, you may evaluate how the addition of Coles Group to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |