Cv Sciences Stock Z Score
CVSI Stock | USD 0.04 0.0003 0.76% |
CVSI |
CV Sciences OTC Stock Z Score Analysis
CV Sciences' 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 CV Sciences Z Score | 2.6 |
Most of CV Sciences' 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, CV Sciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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.
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In accordance with the company's disclosures, CV Sciences has a Z Score of 2.6. This is 61.48% lower than that of the Personal Products sector and significantly higher than that of the Consumer Staples industry. The z score for all United States stocks is 70.18% higher than that of the company.
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CVSI Fundamentals
Return On Equity | -2.36 | |||
Return On Asset | -0.52 | |||
Profit Margin | (0.85) % | |||
Operating Margin | (0.93) % | |||
Current Valuation | 5.53 M | |||
Shares Outstanding | 150.1 M | |||
Shares Owned By Insiders | 2.01 % | |||
Price To Earning | 54.89 X | |||
Price To Book | 3.57 X | |||
Price To Sales | 0.28 X | |||
Revenue | 20.05 M | |||
Gross Profit | 8.62 M | |||
EBITDA | (14.35 M) | |||
Net Income | (15.55 M) | |||
Cash And Equivalents | 1.11 M | |||
Cash Per Share | 0.01 X | |||
Total Debt | 1.4 M | |||
Debt To Equity | 0.74 % | |||
Current Ratio | 0.93 X | |||
Book Value Per Share | 0.01 X | |||
Cash Flow From Operations | (7.49 M) | |||
Earnings Per Share | (0.13) X | |||
Target Price | 0.05 | |||
Number Of Employees | 69 | |||
Beta | 1.0 | |||
Market Capitalization | 7.85 M | |||
Total Asset | 18.07 M | |||
Retained Earnings | (21.65 M) | |||
Working Capital | 12.83 M | |||
Current Asset | 15.84 M | |||
Current Liabilities | 3.01 M | |||
Z Score | 2.6 | |||
Net Asset | 18.07 M |
About CV Sciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CV Sciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CV Sciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CV Sciences based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 CV Sciences 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, CV Sciences' short interest history, or implied volatility extrapolated from CV Sciences options trading.
Pair Trading with CV Sciences
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 CV Sciences 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 CV Sciences will appreciate offsetting losses from the drop in the long position's value.Moving together with CVSI OTC Stock
0.69 | PTAIF | PT Astra International | PairCorr |
Moving against CVSI OTC Stock
0.49 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
0.45 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
0.44 | PIFMF | PT Indofood Sukses | PairCorr |
0.42 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to CV Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CV Sciences 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 CV Sciences - 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 CV Sciences to buy it.
The correlation of CV Sciences 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 CV Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CV Sciences 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 CV Sciences 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 CV Sciences. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for CVSI OTC Stock analysis
When running CV Sciences' price analysis, check to measure CV Sciences' 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 CV Sciences is operating at the current time. Most of CV Sciences' value examination focuses on studying past and present price action to predict the probability of CV Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CV Sciences' price. Additionally, you may evaluate how the addition of CV Sciences to your portfolios can decrease your overall portfolio volatility.
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