Crucible Acquisition Corp Stock Z Score
CRUDelisted Stock | USD 10.05 0.01 0.1% |
Crucible |
Crucible Acquisition Corp Company Z Score Analysis
Crucible Acquisition'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 Crucible Acquisition Z Score | 50.1 |
Most of Crucible Acquisition'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, Crucible Acquisition Corp 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.
CompetitionIn accordance with the company's disclosures, Crucible Acquisition Corp has a Z Score of 50. This is much higher than that of the Financial Services sector and significantly higher than that of the Shell Companies industry. The z score for all United States stocks is notably lower than that of the firm.
Did you try this?
Run Price Exposure Probability Now
Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets |
All Next | Launch Module |
Crucible Fundamentals
Return On Equity | 4.7 | |||
Return On Asset | -0.0188 | |||
Current Valuation | 327.96 M | |||
Shares Outstanding | 25.88 M | |||
Shares Owned By Insiders | 0.20 % | |||
Shares Owned By Institutions | 90.06 % | |||
Number Of Shares Shorted | 475.59 K | |||
Price To Earning | 27.14 X | |||
Price To Book | 1.31 X | |||
EBITDA | (3.91 M) | |||
Net Income | 7.63 M | |||
Cash And Equivalents | 544.07 K | |||
Cash Per Share | 0.02 X | |||
Total Debt | 1.95 M | |||
Current Ratio | 1.46 X | |||
Book Value Per Share | (0.36) X | |||
Cash Flow From Operations | (3.41 M) | |||
Short Ratio | 3.73 X | |||
Earnings Per Share | 0.35 X | |||
Number Of Employees | 25 | |||
Market Capitalization | 325.06 M | |||
Total Asset | 259.23 K | |||
Z Score | 50.1 | |||
Net Asset | 259.23 K |
About Crucible Acquisition Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Crucible Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Crucible Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Crucible Acquisition 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.
Pair Trading with Crucible Acquisition
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 Crucible Acquisition 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 Crucible Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Crucible Stock
0.91 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
0.79 | PBAJ | Petro Usa | PairCorr |
0.65 | INTC | Intel Earnings Call This Week | PairCorr |
0.58 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
0.56 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Crucible Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crucible Acquisition 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 Crucible Acquisition - 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 Crucible Acquisition Corp to buy it.
The correlation of Crucible Acquisition 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 Crucible Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crucible Acquisition Corp 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 Crucible Acquisition 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Crucible Stock
If you are still planning to invest in Crucible Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Crucible Acquisition's history and understand the potential risks before investing.
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Transaction History View history of all your transactions and understand their impact on performance | |
CEOs Directory Screen CEOs from public companies around the world |