Carnegie Wealth Management Stock Z Score
| CMINOA Stock | DKK 122.50 0.90 0.74% |
Carnegie |
Carnegie Wealth Management Company Z Score Analysis
Carnegie Wealth'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.
In accordance with the company's disclosures, Carnegie Wealth Management has a Z Score of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Z Score (which currently averages 0.0) industry. This indicator is about the same for all Denmark stocks average (which is currently at 0.0).
Carnegie Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carnegie Wealth'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 Carnegie Wealth could also be used in its relative valuation, which is a method of valuing Carnegie Wealth by comparing valuation metrics of similar companies.Carnegie Wealth is currently under evaluation in z score category among related companies.
About Carnegie Wealth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carnegie Wealth Management's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carnegie Wealth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carnegie Wealth Management 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 Carnegie Wealth 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, Carnegie Wealth's short interest history, or implied volatility extrapolated from Carnegie Wealth options trading.
Pair Trading with Carnegie Wealth
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 Carnegie Wealth 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 Carnegie Wealth will appreciate offsetting losses from the drop in the long position's value.Moving together with Carnegie Stock
| 0.88 | NOVO-B | Novo Nordisk AS | PairCorr |
Moving against Carnegie Stock
| 0.9 | MAERSK-B | AP Mller Earnings Call Next Week | PairCorr |
| 0.89 | MAERSK-A | AP Mller | PairCorr |
| 0.77 | SPENN | SPENN Technology | PairCorr |
| 0.75 | DSV | DSV Panalpina AS | PairCorr |
| 0.52 | ESG | Ennogie Solar Group | PairCorr |
The ability to find closely correlated positions to Carnegie Wealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnegie Wealth 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 Carnegie Wealth - 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 Carnegie Wealth Management to buy it.
The correlation of Carnegie Wealth 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 Carnegie Wealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnegie Wealth Mana 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 Carnegie Wealth 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 Carnegie Wealth Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Carnegie Stock analysis
When running Carnegie Wealth's price analysis, check to measure Carnegie Wealth'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 Carnegie Wealth is operating at the current time. Most of Carnegie Wealth's value examination focuses on studying past and present price action to predict the probability of Carnegie Wealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnegie Wealth's price. Additionally, you may evaluate how the addition of Carnegie Wealth to your portfolios can decrease your overall portfolio volatility.
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