Edify Z Score

EACPU -  USA Stock  

USD 10.00  0.00  0.00%

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 Edify Acquisition Piotroski F Score and Edify Acquisition Valuation analysis.

Edify Z Score 

 
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Edify Z Score Analysis

Edify 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..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
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, Edify Acquisition Corp has a Z Score of 0.0. This is 100.0% lower than that of the Financial Services sector and about the same as Shell Companies (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Edify Z Score Peer Comparison

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

Edify Fundamentals

About Edify Acquisition Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Edify Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edify Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edify 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.
Edify Acquisition Corp. does not have significant operations. The company was incorporated in 2020 and is based in New York, New York. Edify Acquisition operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.

Edify Acquisition Investors Sentiment

The influence of Edify Acquisition'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 Edify. 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.
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 Edify Acquisition 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, Edify Acquisition's short interest history, or implied volatility extrapolated from Edify Acquisition options trading.

Current Sentiment - EACPU

Edify Acquisition Corp Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Edify Acquisition Corp. What is your opinion about investing in Edify Acquisition Corp? Are you bullish or bearish?
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Pair Trading with Edify 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 Edify 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 Edify Acquisition will appreciate offsetting losses from the drop in the long position's value.

Edify Acquisition Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Edify Acquisition and Glenfarne Merger Corp. 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
Run Pair Correlation  
Continue to Edify Acquisition Piotroski F Score and Edify Acquisition Valuation analysis. Note that the Edify Acquisition Corp information on this page should be used as a complementary analysis to other Edify Acquisition's 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 Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.

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When running Edify Acquisition Corp price analysis, check to measure Edify Acquisition'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 Edify Acquisition is operating at the current time. Most of Edify Acquisition's value examination focuses on studying past and present price action to predict the probability of Edify Acquisition's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Edify Acquisition's price. Additionally, you may evaluate how the addition of Edify Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is Edify Acquisition'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 Edify Acquisition. If investors know Edify 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 Edify Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Edify Acquisition Corp is measured differently than its book value, which is the value of Edify that is recorded on the company's balance sheet. Investors also form their own opinion of Edify Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Edify Acquisition'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 Edify Acquisition's market value can be influenced by many factors that don't directly affect Edify Acquisition'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 Edify Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine Edify Acquisition value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edify Acquisition'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.