Daios Plastics Sa Stock Z Score
| DAIOS Stock | EUR 3.78 0.20 5.59% |
Daios |
Daios Plastics SA Company Z Score Analysis
Daios Plastics' 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..
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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.
| Competition |
According to the company's disclosures, Daios Plastics SA has a Z Score of 0.0. This is 100.0% lower than that of the Consumer Goods sector and about the same as Rubber & Plastics (which currently averages 0.0) industry. The z score for all Greece stocks is 100.0% higher than that of the company.
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| All Next | Launch Module |
Daios Fundamentals
| Return On Equity | 16.9 | |||
| Return On Asset | 1.89 | |||
| Profit Margin | 9.44 % | |||
| Operating Margin | 13.28 % | |||
| Current Valuation | 131.58 M | |||
| Shares Outstanding | 15 M | |||
| Shares Owned By Insiders | 77.45 % | |||
| Price To Earning | 13.71 X | |||
| Price To Book | 2.18 X | |||
| Price To Sales | 1.33 X | |||
| Revenue | 35.99 M | |||
| Gross Profit | 13.63 M | |||
| EBITDA | 8.38 M | |||
| Net Income | 3.4 M | |||
| Cash And Equivalents | 1.43 M | |||
| Cash Per Share | 0.09 X | |||
| Total Debt | 88.01 M | |||
| Debt To Equity | 4.03 % | |||
| Current Ratio | 0.77 X | |||
| Book Value Per Share | 1.46 X | |||
| Cash Flow From Operations | 6.39 M | |||
| Earnings Per Share | 0.23 X | |||
| Number Of Employees | 156 | |||
| Beta | 0.2 | |||
| Market Capitalization | 47.7 M | |||
| Total Asset | 165 M | |||
| Retained Earnings | (20 M) | |||
| Working Capital | (35 M) | |||
| Current Asset | 16 M | |||
| Current Liabilities | 51 M | |||
| Five Year Return | 0.89 % |
About Daios Plastics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Daios Plastics SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Daios Plastics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Daios Plastics SA 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 Daios Plastics
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 Daios Plastics 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 Daios Plastics will appreciate offsetting losses from the drop in the long position's value.Moving together with Daios Stock
| 0.62 | EEE | Coca Cola HBC | PairCorr |
Moving against Daios Stock
| 0.47 | MYTIL | Mytilineos SA | PairCorr |
The ability to find closely correlated positions to Daios Plastics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daios Plastics 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 Daios Plastics - 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 Daios Plastics SA to buy it.
The correlation of Daios Plastics 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 Daios Plastics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daios Plastics SA 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 Daios Plastics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daios Plastics SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Daios Stock analysis
When running Daios Plastics' price analysis, check to measure Daios Plastics' 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 Daios Plastics is operating at the current time. Most of Daios Plastics' value examination focuses on studying past and present price action to predict the probability of Daios Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daios Plastics' price. Additionally, you may evaluate how the addition of Daios Plastics to your portfolios can decrease your overall portfolio volatility.
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