Curtiss Wright Stock Probability Of Bankruptcy
| CW Stock | USD 276.59 2.90 1.06% |
Curtiss | Probability Of Bankruptcy |
Curtiss Wright Company odds of financial turmoil Analysis
Curtiss Wright'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 Curtiss Wright Probability Of Bankruptcy | Less than 5% |
Most of Curtiss Wright'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, Curtiss Wright is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Curtiss Wright 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 Curtiss Wright 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 Curtiss Wright financial health.
Is Curtiss Wright'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 Curtiss Wright. If investors know Curtiss 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 Curtiss Wright 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 0.345 | Dividend Share 0.8 | Earnings Share 9.72 | Revenue Per Share 76.499 | Quarterly Revenue Growth 0.13 |
The market value of Curtiss Wright is measured differently than its book value, which is the value of Curtiss that is recorded on the company's balance sheet. Investors also form their own opinion of Curtiss Wright's value that differs from its market value or its book value, called intrinsic value, which is Curtiss Wright'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 Curtiss Wright's market value can be influenced by many factors that don't directly affect Curtiss Wright'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 Curtiss Wright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curtiss Wright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curtiss Wright'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.
Curtiss Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Curtiss Wright is extremely important. It helps to project a fair market value of Curtiss Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Curtiss Wright'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 Curtiss Wright'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 Curtiss Wright'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, Curtiss Wright has a Probability Of Bankruptcy of 5.0%. This is 88.26% lower than that of the Aerospace & Defense sector and 86.18% lower than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 87.45% higher than that of the company.
Curtiss Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Curtiss Wright'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 Curtiss Wright could also be used in its relative valuation, which is a method of valuing Curtiss Wright by comparing valuation metrics of similar companies.Curtiss Wright is currently under evaluation in probability of bankruptcy category among related companies.
Curtiss Wright Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | 0.0817 | 0.0501 | 0.064 | 0.0662 | 0.0767 | 0.069 | |
| Net Debt | 514.7M | 993.1M | 1.0B | 1.1B | 762.1M | 800.2M | |
| Total Current Liabilities | 744.7M | 810.4M | 734.9M | 971.4M | 806.5M | 846.9M | |
| Non Current Liabilities Total | 1.2B | 1.4B | 1.5B | 1.5B | 1.5B | 1.6B | |
| Total Assets | 3.8B | 4.0B | 4.1B | 4.4B | 4.6B | 4.9B | |
| Total Current Assets | 1.5B | 1.3B | 1.3B | 1.5B | 1.7B | 1.8B | |
| Total Cash From Operating Activities | 421.4M | 261.2M | 387.7M | 294.8M | 448.1M | 470.5M |
Curtiss Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0745 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 11.31 B | ||||
| Shares Outstanding | 38.3 M | ||||
| Shares Owned By Insiders | 0.68 % | ||||
| Shares Owned By Institutions | 83.60 % | ||||
| Number Of Shares Shorted | 323.5 K | ||||
| Price To Earning | 26.42 X | ||||
| Price To Book | 4.10 X | ||||
| Price To Sales | 3.36 X | ||||
| Revenue | 2.85 B | ||||
| Gross Profit | 954.61 M | ||||
| EBITDA | 630.63 M | ||||
| Net Income | 354.51 M | ||||
| Cash And Equivalents | 256.97 M | ||||
| Cash Per Share | 2.96 X | ||||
| Total Debt | 1.17 B | ||||
| Debt To Equity | 0.78 % | ||||
| Current Ratio | 1.68 X | ||||
| Book Value Per Share | 62.12 X | ||||
| Cash Flow From Operations | 448.09 M | ||||
| Short Ratio | 1.28 X | ||||
| Earnings Per Share | 9.72 X | ||||
| Price To Earnings To Growth | 2.71 X | ||||
| Target Price | 278.5 | ||||
| Number Of Employees | 8.6 K | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 10.48 B | ||||
| Total Asset | 4.62 B | ||||
| Retained Earnings | 3.49 B | ||||
| Working Capital | 910.54 M | ||||
| Current Asset | 1.27 B | ||||
| Current Liabilities | 523.23 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.54 % | ||||
| Net Asset | 4.62 B | ||||
| Last Dividend Paid | 0.8 |
About Curtiss Wright Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Curtiss Wright's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Curtiss Wright using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Curtiss Wright 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.
Curtiss Wright Investors Sentiment
The influence of Curtiss Wright's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Curtiss. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Curtiss Wright's public news can be used to forecast risks associated with an investment in Curtiss. The trend in average sentiment can be used to explain how an investor holding Curtiss can time the market purely based on public headlines and social activities around Curtiss Wright. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Curtiss Wright's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Curtiss Wright's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Curtiss Wright's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Curtiss Wright.
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 Curtiss Wright 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, Curtiss Wright's short interest history, or implied volatility extrapolated from Curtiss Wright options trading.
Pair Trading with Curtiss Wright
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 Curtiss Wright 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 Curtiss Wright will appreciate offsetting losses from the drop in the long position's value.Moving together with Curtiss Stock
| 0.85 | EH | Ehang Holdings | PairCorr |
| 0.91 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
Moving against Curtiss Stock
| 0.84 | AZ | A2Z Smart Technologies | PairCorr |
| 0.76 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.64 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.42 | PL | Planet Labs PBC Buyout Trend | PairCorr |
| 0.41 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Curtiss Wright could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Curtiss Wright 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 Curtiss Wright - 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 Curtiss Wright to buy it.
The correlation of Curtiss Wright 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 Curtiss Wright moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curtiss Wright 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 Curtiss Wright 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 Curtiss Wright Piotroski F Score and Curtiss Wright Altman Z Score analysis. For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Curtiss Stock analysis
When running Curtiss Wright's price analysis, check to measure Curtiss Wright'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 Curtiss Wright is operating at the current time. Most of Curtiss Wright's value examination focuses on studying past and present price action to predict the probability of Curtiss Wright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Curtiss Wright's price. Additionally, you may evaluate how the addition of Curtiss Wright to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |
Is Curtiss Wright'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 Curtiss Wright. If investors know Curtiss 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 Curtiss Wright 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 0.345 | Dividend Share 0.8 | Earnings Share 9.72 | Revenue Per Share 76.499 | Quarterly Revenue Growth 0.13 |
The market value of Curtiss Wright is measured differently than its book value, which is the value of Curtiss that is recorded on the company's balance sheet. Investors also form their own opinion of Curtiss Wright's value that differs from its market value or its book value, called intrinsic value, which is Curtiss Wright'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 Curtiss Wright's market value can be influenced by many factors that don't directly affect Curtiss Wright'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 Curtiss Wright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curtiss Wright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curtiss Wright'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.