Earthworks Z Score

EAATF -  USA Stock  

USD 0.31  0.04  11.43%

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. Continue to Earthworks Indus Piotroski F Score and Earthworks Indus Valuation analysis.

Earthworks Z Score 

 
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Earthworks Z Score Analysis

Earthworks Indus' 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

Current Earthworks Indus Z Score

    
  1.8  
Most of Earthworks Indus' 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, Earthworks Indus is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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 )
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Earthworks Indus has a Z Score of 1.8. This is 55.77% lower than that of the Industrials sector and 61.12% lower than that of the Waste Management industry. The z score for all United States stocks is 79.36% higher than that of the company.

Earthworks Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Earthworks Indus' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Earthworks Indus could also be used in its relative valuation, which is a method of valuing Earthworks Indus by comparing valuation metrics of similar companies.
Earthworks Indus is currently under evaluation in z score category among related companies.

Earthworks Fundamentals

About Earthworks Indus Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Earthworks Indus's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Earthworks Indus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Earthworks Indus 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.
Earthworks Industries Inc., a development stage company, focuses on providing waste disposal services for private and public sectors in Canada and the United States. The company was founded in 1993 and is headquartered in Vancouver, Canada. Earthworks Indus operates under Waste Management classification in the United States and is traded on OTC Exchange.

Earthworks Indus Investors Sentiment

The influence of Earthworks Indus' 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 Earthworks. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EAATF

Earthworks Indus Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Earthworks Indus. What is your opinion about investing in Earthworks Indus? Are you bullish or bearish?
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Pair Trading with Earthworks Indus

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

Earthworks Indus Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Earthworks Indus and Waste Management. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Earthworks Indus Piotroski F Score and Earthworks Indus Valuation analysis. Note that the Earthworks Indus information on this page should be used as a complementary analysis to other Earthworks Indus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Earthworks OTC Stock analysis

When running Earthworks Indus price analysis, check to measure Earthworks Indus' 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 Earthworks Indus is operating at the current time. Most of Earthworks Indus' value examination focuses on studying past and present price action to predict the probability of Earthworks Indus' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Earthworks Indus' price. Additionally, you may evaluate how the addition of Earthworks Indus to your portfolios can decrease your overall portfolio volatility.
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The market value of Earthworks Indus is measured differently than its book value, which is the value of Earthworks that is recorded on the company's balance sheet. Investors also form their own opinion of Earthworks Indus' value that differs from its market value or its book value, called intrinsic value, which is Earthworks Indus' 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 Earthworks Indus' market value can be influenced by many factors that don't directly affect Earthworks Indus underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Earthworks Indus' value and its price as these two are different measures arrived at by different means. Investors typically determine Earthworks Indus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Earthworks Indus' 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.