Ecopetrol Sa Adr Stock Z Score
EC Stock | USD 11.84 0.51 4.50% |
Ecopetrol | Z Score |
Ecopetrol Z Score Analysis
Ecopetrol'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..
More About Z Score | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 36.2T | 70.0T | 31.8T | 23.4T | Total Revenue | 91.7T | 159.5T | 123.1T | 64.8T |
Z Score | = | Sum Of | | 5 Factors |
Current Ecopetrol Z Score | 1.06 |
Most of Ecopetrol's 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, Ecopetrol SA ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
| |||||||
| |||||||
| |||||||
| |||||||
|
Ecopetrol Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Ecopetrol is extremely important. It helps to project a fair market value of Ecopetrol Stock properly, considering its historical fundamentals such as Z Score. Since Ecopetrol'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 Ecopetrol'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 Ecopetrol's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Ecopetrol SA ADR has a Z Score of 1.06. This is 52.47% lower than that of the Oil, Gas & Consumable Fuels sector and 83.87% lower than that of the Energy industry. The z score for all United States stocks is 87.84% higher than that of the company.
Ecopetrol Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ecopetrol'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 Ecopetrol could also be used in its relative valuation, which is a method of valuing Ecopetrol by comparing valuation metrics of similar companies.Ecopetrol is currently under evaluation in z score category among related companies.
Ecopetrol Institutional Holders
Institutional Holdings refers to the ownership stake in Ecopetrol that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ecopetrol's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ecopetrol's value.Shares | Goldman Sachs Group Inc | 2023-12-31 | 444.2 K | State Street Corporation | 2023-12-31 | 380.7 K | Arrowstreet Capital Limited Partnership | 2023-12-31 | 379.8 K | Centerbook Partners Lp | 2023-12-31 | 334.5 K | Robeco Institutional Asset Management Bv | 2023-12-31 | 311.3 K | Wells Fargo & Co | 2023-12-31 | 310.2 K | Schonfeld Strategic Advisors Llc | 2023-09-30 | 277.8 K | Charles Schwab Investment Management Inc | 2023-12-31 | 270 K | American Century Companies Inc | 2023-12-31 | 242.9 K | Gqg Partners Llc | 2023-12-31 | 12.2 M | Blackrock Inc | 2023-12-31 | 3.3 M |
Ecopetrol Fundamentals
Return On Equity | 0.21 | ||||
Return On Asset | 0.0881 | ||||
Profit Margin | 0.13 % | ||||
Operating Margin | 0.16 % | ||||
Current Valuation | 45.95 B | ||||
Shares Outstanding | 2.06 B | ||||
Shares Owned By Institutions | 1.81 % | ||||
Number Of Shares Shorted | 8.15 M | ||||
Price To Earning | 4.84 X | ||||
Price To Book | 1.26 X | ||||
Price To Sales | 0.0002 X | ||||
Revenue | 123.12 T | ||||
Gross Profit | 81.43 T | ||||
EBITDA | 37.25 T | ||||
Net Income | 19.06 T | ||||
Cash And Equivalents | 15.4 T | ||||
Cash Per Share | 2.43 X | ||||
Total Debt | 105.82 T | ||||
Debt To Equity | 1.04 % | ||||
Current Ratio | 1.46 X | ||||
Book Value Per Share | 8.82 X | ||||
Cash Flow From Operations | 15.59 T | ||||
Short Ratio | 3.79 X | ||||
Earnings Per Share | 2.47 X | ||||
Price To Earnings To Growth | 0.30 X | ||||
Target Price | 13.42 | ||||
Beta | 0.76 | ||||
Market Capitalization | 24.33 B | ||||
Total Asset | 282.28 T | ||||
Retained Earnings | 20.6 T | ||||
Working Capital | 20.5 T | ||||
Current Asset | 19.87 T | ||||
Current Liabilities | 17.43 T | ||||
Z Score | 1.06 | ||||
Annual Yield | 0.28 % | ||||
Five Year Return | 4.85 % | ||||
Net Asset | 282.28 T |
About Ecopetrol Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ecopetrol SA ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ecopetrol using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ecopetrol SA ADR 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.The company operates through four segments Exploration and Production Transport and Logistics Refining, Petrochemical and Biofuels and Electric Power Transmission and Toll Roads Concessions. Ecopetrol S.A. was incorporated in 1948 and is based in Bogot, Colombia. Ecopetrol is traded on New York Stock Exchange in the United States.
Ecopetrol Investors Sentiment
The influence of Ecopetrol'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 Ecopetrol. 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 Ecopetrol's public news can be used to forecast risks associated with an investment in Ecopetrol. The trend in average sentiment can be used to explain how an investor holding Ecopetrol can time the market purely based on public headlines and social activities around Ecopetrol SA ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ecopetrol'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 Ecopetrol'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 Ecopetrol's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ecopetrol.
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 Ecopetrol 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, Ecopetrol's short interest history, or implied volatility extrapolated from Ecopetrol options trading.
Pair Trading with Ecopetrol
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 Ecopetrol 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 Ecopetrol will appreciate offsetting losses from the drop in the long position's value.Moving against Ecopetrol Stock
0.74 | ET | Energy Transfer LP Financial Report 7th of May 2024 | PairCorr |
0.73 | IMO | Imperial Oil Financial Report 26th of April 2024 | PairCorr |
0.73 | AM | Antero Midstream Partners Financial Report 24th of April 2024 | PairCorr |
0.68 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
0.68 | AR | Antero Resources Corp Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol 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 Ecopetrol - 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 Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol 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 Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR 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 Ecopetrol 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 Ecopetrol Piotroski F Score and Ecopetrol Valuation analysis. Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol'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 the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Ecopetrol Stock analysis
When running Ecopetrol's price analysis, check to measure Ecopetrol'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 Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Ecopetrol'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 Ecopetrol. If investors know Ecopetrol 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 Ecopetrol 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 (0.38) | Earnings Share 2.47 | Revenue Per Share 34.8 K | Quarterly Revenue Growth (0.12) | Return On Assets 0.0881 |
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol'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 Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol'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 Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.