California Nanotechnologies Corp Stock Probability Of Bankruptcy
| CNO Stock | CAD 0.42 0.01 2.33% |
California | Probability Of Bankruptcy |
California Nanotechnologies Corp Company odds of financial turmoil Analysis
California Nanotechnologies' 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.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current California Nanotechnologies Probability Of Bankruptcy | Less than 30% |
Most of California Nanotechnologies' 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, California Nanotechnologies Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of California Nanotechnologies 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 California Nanotechnologies 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 California Nanotechnologies Corp financial health.
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.
| Competition |
Based on the latest financial disclosure, California Nanotechnologies Corp has a Probability Of Bankruptcy of 30.0%. This is 32.34% lower than that of the Chemicals sector and 28.21% lower than that of the Materials industry. The probability of bankruptcy for all Canada stocks is 24.68% higher than that of the company.
California Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses California Nanotechnologies' 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 California Nanotechnologies could also be used in its relative valuation, which is a method of valuing California Nanotechnologies by comparing valuation metrics of similar companies.California Nanotechnologies is currently under evaluation in probability of bankruptcy category among related companies.
California Fundamentals
| Return On Asset | 0.22 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 18.86 M | ||||
| Shares Outstanding | 43.38 M | ||||
| Shares Owned By Insiders | 29.73 % | ||||
| Number Of Shares Shorted | 5.24 K | ||||
| Price To Earning | 65.00 X | ||||
| Price To Book | 35.87 X | ||||
| Price To Sales | 7.03 X | ||||
| Revenue | 1.38 M | ||||
| Gross Profit | 990.56 K | ||||
| EBITDA | 337.91 K | ||||
| Net Income | 79.76 K | ||||
| Cash And Equivalents | 30.84 K | ||||
| Total Debt | 1.18 M | ||||
| Current Ratio | 0.06 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | 623.09 K | ||||
| Short Ratio | 0.27 X | ||||
| Earnings Per Share | 0.03 X | ||||
| Beta | 1.28 | ||||
| Market Capitalization | 18.22 M | ||||
| Total Asset | 1.04 M | ||||
| Retained Earnings | (4.26 M) | ||||
| Working Capital | (1.22 M) | ||||
| Net Asset | 1.04 M |
About California Nanotechnologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze California Nanotechnologies Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Nanotechnologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Nanotechnologies 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.
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 California Nanotechnologies 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, California Nanotechnologies' short interest history, or implied volatility extrapolated from California Nanotechnologies options trading.
Pair Trading with California Nanotechnologies
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 California Nanotechnologies 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 California Nanotechnologies will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
| 0.81 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.72 | ELF | E L Financial | PairCorr |
Moving against California Stock
| 0.69 | SEC | Senvest Capital | PairCorr |
The ability to find closely correlated positions to California Nanotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Nanotechnologies 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 California Nanotechnologies - 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 California Nanotechnologies Corp to buy it.
The correlation of California Nanotechnologies 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 California Nanotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Nanotechnologies 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 California Nanotechnologies 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 California Nanotechnologies Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for California Stock analysis
When running California Nanotechnologies' price analysis, check to measure California Nanotechnologies' 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 California Nanotechnologies is operating at the current time. Most of California Nanotechnologies' value examination focuses on studying past and present price action to predict the probability of California Nanotechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Nanotechnologies' price. Additionally, you may evaluate how the addition of California Nanotechnologies to your portfolios can decrease your overall portfolio volatility.
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