Corebridge Financial Stock Probability Of Bankruptcy
| CRBG Stock | USD 26.37 0.44 1.64% |
Corebridge | Probability Of Bankruptcy |
Corebridge Financial Company chance of financial distress Analysis
Corebridge Financial'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.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Corebridge Financial Probability Of Bankruptcy | Less than 7% |
Most of Corebridge Financial'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, Corebridge Financial is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Corebridge Financial 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 Corebridge Financial 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 Corebridge Financial financial health.
Is Corebridge Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corebridge Financial. If investors know Corebridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corebridge Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 0.92 | Earnings Share 1.71 | Revenue Per Share 29.664 | Quarterly Revenue Growth (0.18) |
The market value of Corebridge Financial is measured differently than its book value, which is the value of Corebridge that is recorded on the company's balance sheet. Investors also form their own opinion of Corebridge Financial's value that differs from its market value or its book value, called intrinsic value, which is Corebridge Financial'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 Corebridge Financial's market value can be influenced by many factors that don't directly affect Corebridge Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corebridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corebridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corebridge Financial'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.
Corebridge Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Corebridge Financial is extremely important. It helps to project a fair market value of Corebridge Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Corebridge Financial'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 Corebridge Financial'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 Corebridge Financial'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.
| Competition |
Based on the latest financial disclosure, Corebridge Financial has a Probability Of Bankruptcy of 7.0%. This is 85.98% lower than that of the Financial Services sector and 82.59% lower than that of the Financials industry. The probability of bankruptcy for all United States stocks is 82.43% higher than that of the company.
Corebridge Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Corebridge Financial'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 Corebridge Financial could also be used in its relative valuation, which is a method of valuing Corebridge Financial by comparing valuation metrics of similar companies.Corebridge Financial is currently under evaluation in probability of bankruptcy category among related companies.
Corebridge Financial Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Cash From Operating Activities | 2.4B | 3.3B | 2.5B | 2.7B | 3.4B | 3.2B |
Corebridge Fundamentals
| Return On Equity | 0.0903 | ||||
| Return On Asset | 0.0018 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | (0.43) % | ||||
| Current Valuation | 24.21 B | ||||
| Shares Outstanding | 622.55 M | ||||
| Shares Owned By Insiders | 0.24 % | ||||
| Shares Owned By Institutions | 99.76 % | ||||
| Number Of Shares Shorted | 17.33 M | ||||
| Price To Earning | 1.25 X | ||||
| Price To Book | 1.42 X | ||||
| Price To Sales | 0.87 X | ||||
| Revenue | 18.62 B | ||||
| Gross Profit | 13.56 B | ||||
| EBITDA | 157 M | ||||
| Net Income | 1.1 B | ||||
| Cash And Equivalents | 5.37 B | ||||
| Cash Per Share | 8.32 X | ||||
| Total Debt | 11.9 B | ||||
| Debt To Equity | 1.18 % | ||||
| Current Ratio | 1.14 X | ||||
| Book Value Per Share | 18.93 X | ||||
| Cash Flow From Operations | 3.36 B | ||||
| Short Ratio | 2.89 X | ||||
| Earnings Per Share | 1.71 X | ||||
| Target Price | 31.0 | ||||
| Market Capitalization | 16.42 B | ||||
| Total Asset | 350.88 B | ||||
| Retained Earnings | 17.57 B | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 350.88 B | ||||
| Last Dividend Paid | 0.92 |
About Corebridge Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Corebridge Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corebridge Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corebridge Financial 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 Corebridge Financial
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 Corebridge Financial 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 Corebridge Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Corebridge Stock
| 0.82 | DIST | Distoken Acquisition | PairCorr |
| 0.64 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
Moving against Corebridge Stock
| 0.64 | AC | Associated Capital | PairCorr |
| 0.54 | PX | P10 Inc Financial Report 20th of May 2024 | PairCorr |
| 0.41 | DHIL | Diamond Hill Investment | PairCorr |
The ability to find closely correlated positions to Corebridge Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corebridge Financial 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 Corebridge Financial - 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 Corebridge Financial to buy it.
The correlation of Corebridge Financial 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 Corebridge Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corebridge Financial 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 Corebridge Financial 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 Corebridge Financial Piotroski F Score and Corebridge Financial Altman Z Score analysis. For more detail on how to invest in Corebridge Stock please use our How to Invest in Corebridge Financial guide.Note that the Corebridge Financial information on this page should be used as a complementary analysis to other Corebridge Financial'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Corebridge Stock analysis
When running Corebridge Financial's price analysis, check to measure Corebridge Financial'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 Corebridge Financial is operating at the current time. Most of Corebridge Financial's value examination focuses on studying past and present price action to predict the probability of Corebridge Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corebridge Financial's price. Additionally, you may evaluate how the addition of Corebridge Financial to your portfolios can decrease your overall portfolio volatility.
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Is Corebridge Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corebridge Financial. If investors know Corebridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corebridge Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 0.92 | Earnings Share 1.71 | Revenue Per Share 29.664 | Quarterly Revenue Growth (0.18) |
The market value of Corebridge Financial is measured differently than its book value, which is the value of Corebridge that is recorded on the company's balance sheet. Investors also form their own opinion of Corebridge Financial's value that differs from its market value or its book value, called intrinsic value, which is Corebridge Financial'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 Corebridge Financial's market value can be influenced by many factors that don't directly affect Corebridge Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corebridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corebridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corebridge Financial'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.