Cerenceinc Stock Z Score

CRNC Stock

USD 10.05 0.29 2.97%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out CerenceInc Piotroski F Score and CerenceInc Valuation analysis.

For information on how to trade CerenceInc Stock refer to our How to Trade CerenceInc Stock guide.

At present, CerenceInc's Net Working Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Lease Obligations is expected to grow to about 14 M, whereas Capital Stock is forecasted to decline to about 425.7 K. At present, CerenceInc's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Selling And Marketing Expenses is expected to grow to about 35 M, whereas Tax Provision is forecasted to decline to about 13.6 M.

CerenceInc Company Z Score Analysis

CerenceInc'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..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

CerenceInc Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for CerenceInc is extremely important. It helps to project a fair market value of CerenceInc Stock properly, considering its historical fundamentals such as Z Score. Since CerenceInc'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 CerenceInc'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 CerenceInc's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Net Invested Capital	Net Working Capital	Common Stock	Net Debt	Retained Earnings	Long Term Debt	Short Term Investments	Short Long Term Debt	Capital Stock	Long Term Debt Total	Capital Surpluse
Total Assets		-0.08	0.8	0.37	-0.34	0.04	0.75	0.69	-0.51	-0.34	0.52	-0.3	-0.43	0.97	0.58	-0.61	0.13	-0.01	0.27	0.47	0.02	0.28	-0.38	-0.38
Total Stockholder Equity	-0.08		-0.37	-0.63	0.28	0.95	-0.63	-0.64	0.62	0.87	-0.77	0.57	0.82	-0.05	-0.7	0.75	-0.96	0.98	-0.68	0.11	-0.97	-0.88	0.57	0.57
Current Deferred Revenue	0.8	-0.37		0.55	-0.03	-0.17	0.83	0.71	-0.7	-0.39	0.63	-0.69	-0.63	0.64	0.47	-0.65	0.35	-0.31	0.34	0.08	0.31	0.39	-0.33	-0.33
Accounts Payable	0.37	-0.63	0.55		-0.09	-0.57	0.66	0.65	-0.54	-0.66	0.71	-0.2	-0.88	0.31	0.56	-0.59	0.71	-0.65	0.63	-0.01	0.72	0.73	-0.36	-0.36
Net Receivables	-0.34	0.28	-0.03	-0.09		0.31	-0.39	-0.48	0.01	0.5	-0.49	0.05	0.32	-0.49	-0.64	0.57	-0.27	0.24	-0.1	-0.51	-0.23	-0.27	0.3	0.3
Good Will	0.04	0.95	-0.17	-0.57	0.31		-0.43	-0.46	0.47	0.83	-0.59	0.35	0.71	0.03	-0.61	0.61	-0.96	0.96	-0.73	0.15	-0.91	-0.89	0.69	0.69
Total Liab	0.75	-0.63	0.83	0.66	-0.39	-0.43		0.98	-0.71	-0.75	0.94	-0.62	-0.84	0.69	0.85	-0.94	0.6	-0.55	0.42	0.35	0.61	0.61	-0.34	-0.34
Total Current Assets	0.69	-0.64	0.71	0.65	-0.48	-0.46	0.98		-0.64	-0.81	0.96	-0.52	-0.84	0.68	0.92	-0.96	0.6	-0.55	0.4	0.46	0.63	0.61	-0.3	-0.3
Short Term Debt	-0.51	0.62	-0.7	-0.54	0.01	0.47	-0.71	-0.64		0.51	-0.59	0.75	0.66	-0.4	-0.57	0.66	-0.58	0.57	-0.56	-0.06	-0.54	-0.63	0.51	0.51
Intangible Assets	-0.34	0.87	-0.39	-0.66	0.5	0.83	-0.75	-0.81	0.51		-0.85	0.35	0.86	-0.38	-0.92	0.89	-0.84	0.85	-0.57	-0.25	-0.83	-0.81	0.57	0.57
Property Plant Equipment	0.52	-0.77	0.63	0.71	-0.49	-0.59	0.94	0.96	-0.59	-0.85		-0.54	-0.89	0.5	0.89	-0.95	0.73	-0.69	0.46	0.28	0.78	0.69	-0.28	-0.28
Net Tangible Assets	-0.3	0.57	-0.69	-0.2	0.05	0.35	-0.62	-0.52	0.75	0.35	-0.54		0.47	-0.15	-0.37	0.59	-0.43	0.51	-0.22	0.13	-0.45	-0.34	0.24	0.24
Deferred Long Term Liab	-0.43	0.82	-0.63	-0.88	0.32	0.71	-0.84	-0.84	0.66	0.86	-0.89	0.47		-0.37	-0.8	0.84	-0.82	0.82	-0.53	-0.23	-0.85	-0.77	0.43	0.43
Net Invested Capital	0.97	-0.05	0.64	0.31	-0.49	0.03	0.69	0.68	-0.4	-0.38	0.5	-0.15	-0.37		0.64	-0.61	0.11	0.03	0.27	0.55	-0.01	0.28	-0.39	-0.39
Net Working Capital	0.58	-0.7	0.47	0.56	-0.64	-0.61	0.85	0.92	-0.57	-0.92	0.89	-0.37	-0.8	0.64		-0.96	0.67	-0.64	0.45	0.52	0.66	0.69	-0.48	-0.48
Common Stock	-0.61	0.75	-0.65	-0.59	0.57	0.61	-0.94	-0.96	0.66	0.89	-0.95	0.59	0.84	-0.61	-0.96		-0.69	0.69	-0.44	-0.38	-0.69	-0.68	0.45	0.45
Net Debt	0.13	-0.96	0.35	0.71	-0.27	-0.96	0.6	0.6	-0.58	-0.84	0.73	-0.43	-0.82	0.11	0.67	-0.69		-0.93	0.8	-0.11	0.96	0.96	-0.65	-0.65
Retained Earnings	-0.01	0.98	-0.31	-0.65	0.24	0.96	-0.55	-0.55	0.57	0.85	-0.69	0.51	0.82	0.03	-0.64	0.69	-0.93		-0.62	0.14	-0.94	-0.83	0.58	0.58
Long Term Debt	0.27	-0.68	0.34	0.63	-0.1	-0.73	0.42	0.4	-0.56	-0.57	0.46	-0.22	-0.53	0.27	0.45	-0.44	0.8	-0.62		-0.31	0.66	0.92	-0.77	-0.77
Short Term Investments	0.47	0.11	0.08	-0.01	-0.51	0.15	0.35	0.46	-0.06	-0.25	0.28	0.13	-0.23	0.55	0.52	-0.38	-0.11	0.14	-0.31		-0.09	-0.08	0.07	0.07
Short Long Term Debt	0.02	-0.97	0.31	0.72	-0.23	-0.91	0.61	0.63	-0.54	-0.83	0.78	-0.45	-0.85	-0.01	0.66	-0.69	0.96	-0.94	0.66	-0.09		0.87	-0.43	-0.43
Capital Stock	0.28	-0.88	0.39	0.73	-0.27	-0.89	0.61	0.61	-0.63	-0.81	0.69	-0.34	-0.77	0.28	0.69	-0.68	0.96	-0.83	0.92	-0.08	0.87		-0.75	-0.75
Long Term Debt Total	-0.38	0.57	-0.33	-0.36	0.3	0.69	-0.34	-0.3	0.51	0.57	-0.28	0.24	0.43	-0.39	-0.48	0.45	-0.65	0.58	-0.77	0.07	-0.43	-0.75		1.0
Capital Surpluse	-0.38	0.57	-0.33	-0.36	0.3	0.69	-0.34	-0.3	0.51	0.57	-0.28	0.24	0.43	-0.39	-0.48	0.45	-0.65	0.58	-0.77	0.07	-0.43	-0.75	1.0

Click cells to compare fundamentals

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

Predict CerenceInc

In accordance with the company's disclosures, CerenceInc has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

CerenceInc Institutional Holders

Institutional Holdings refers to the ownership stake in CerenceInc that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CerenceInc's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CerenceInc's value.

		Shares
Aristotle Capital Boston, Llc	2023-12-31	585.5 K
Nuveen Asset Management, Llc	2023-12-31	579 K
Goldman Sachs Group Inc	2023-12-31	562.2 K
Great West Life Assurance Co	2023-12-31	559.1 K
Charles Schwab Investment Management Inc	2023-12-31	515.3 K
First Trust Advisors L.p.	2023-12-31	471.6 K
Millennium Management Llc	2023-12-31	468.8 K
Pinnacle Associates Inc	2023-12-31	456.7 K
Bank Of New York Mellon Corp	2023-12-31	453.7 K
Blackrock Inc	2023-12-31	6.8 M
Vanguard Group Inc	2023-12-31	5.2 M

CerenceInc Fundamentals

	Return On Equity	-0.0417
	Return On Asset	0.02
	Profit Margin	(0.09) %
	Operating Margin	0.43 %
	Current Valuation	587.39 M
	Shares Outstanding	41.67 M
	Shares Owned By Insiders	1.88 %
	Shares Owned By Institutions	96.20 %
	Number Of Shares Shorted	6.29 M
	Price To Earning	14.18 X
	Price To Book	0.76 X
	Price To Sales	1.59 X
	Revenue	294.48 M
	Gross Profit	233.71 M
	EBITDA	6.33 M
	Net Income	(56.25 M)
	Cash And Equivalents	129.34 M
	Cash Per Share	3.28 X
	Total Debt	289.33 M
	Debt To Equity	0.30 %
	Current Ratio	1.65 X
	Book Value Per Share	17.73 X
	Cash Flow From Operations	7.5 M
	Short Ratio	13.43 X
	Earnings Per Share	(0.82) X
	Price To Earnings To Growth	0.96 X
	Target Price	21.5
	Number Of Employees	1.7 K
	Beta	2.46
	Market Capitalization	406.74 M
	Total Asset	1.3 B
	Retained Earnings	(333.66 M)
	Working Capital	77.63 M
	Current Asset	78.83 M
	Current Liabilities	105.3 M
	Net Asset	1.3 B

About CerenceInc Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CerenceInc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CerenceInc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CerenceInc 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 CerenceInc 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, CerenceInc's short interest history, or implied volatility extrapolated from CerenceInc options trading.

Pair Trading with CerenceInc

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 CerenceInc 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 CerenceInc will appreciate offsetting losses from the drop in the long position's value.

Moving together with CerenceInc Stock

0.78	U	Unity Software Financial Report 8th of May 2024	Pair Corr
0.88	DT	Dynatrace Holdings LLC Financial Report 15th of May 2024	Pair Corr

Moving against CerenceInc Stock

0.8	DPSI	DecisionPoint Systems Financial Report 20th of May 2024	Pair Corr
0.65	ML	MoneyLion Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to CerenceInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CerenceInc 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 CerenceInc - 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 CerenceInc to buy it.

The correlation of CerenceInc 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 CerenceInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CerenceInc 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 CerenceInc 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.

Pair Correlation Correlation Matching

When determining whether CerenceInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CerenceInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cerenceinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cerenceinc Stock:

How To Invest In CerenceInc

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Is CerenceInc Stock a good investment?

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What is CerenceInc's Net Worth?

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Check out CerenceInc Piotroski F Score and CerenceInc Valuation analysis.

For information on how to trade CerenceInc Stock refer to our How to Trade CerenceInc Stock guide.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for CerenceInc Stock analysis

When running CerenceInc's price analysis, check to measure CerenceInc'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 CerenceInc is operating at the current time. Most of CerenceInc's value examination focuses on studying past and present price action to predict the probability of CerenceInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CerenceInc's price. Additionally, you may evaluate how the addition of CerenceInc to your portfolios can decrease your overall portfolio volatility.

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Is CerenceInc'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 CerenceInc. If investors know CerenceInc 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 CerenceInc 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

(0.10)

Earnings Share

(0.82)

Revenue Per Share

8.617

Quarterly Revenue Growth

0.654

Return On Assets

0.02

The market value of CerenceInc is measured differently than its book value, which is the value of CerenceInc that is recorded on the company's balance sheet. Investors also form their own opinion of CerenceInc's value that differs from its market value or its book value, called intrinsic value, which is CerenceInc'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 CerenceInc's market value can be influenced by many factors that don't directly affect CerenceInc'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 CerenceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if CerenceInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CerenceInc'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.

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Cerenceinc Stock Z Score

CerenceInc Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

CerenceInc Z Score Driver Correlations

CerenceInc Institutional Holders

CerenceInc Fundamentals

About CerenceInc Fundamental Analysis

Pair Trading with CerenceInc

Moving together with CerenceInc Stock

Moving against CerenceInc Stock

Complementary Tools for CerenceInc Stock analysis

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