# Ecgi Holdings Z Score

ECGI
Stock

## USD 0.190.000.00%

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 Ecgi Holdings Piotroski F Score and Ecgi Holdings Valuation analysis.
 Ecgi Holdings Refresh

## Ecgi Holdings Z Score Analysis

Ecgi Holdings' 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 Ecgi Holdings Z Score

-9.6
Most of Ecgi Holdings' 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, Ecgi Holdings 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 Predict Ecgi Holdings
According to the company's disclosures, Ecgi Holdings has a Z Score of -9.6. This is 242.22% lower than that of the Healthcare sector and notably lower than that of the Medical Devices industry. The z score for all United States stocks is notably higher than that of the company.

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## Ecgi Holdings Fundamentals

 Return On Equity (566.20) % Return On Asset (133.97) % Current Valuation 1.99 M Shares Outstanding 6.52 M Shares Owned by Insiders 45.63 % Number of Shares Shorted 5.11 K Price to Earning (0.11) X Price to Book 42.50 X EBITDA (3.06 M) Net Income (3.24 M) Cash and Equivalents 71.25 K Cash per Share 0.01 X Total Debt 1.26 M Debt to Equity 5.20 % Current Ratio 0.98 X Book Value Per Share (0.07) X Cash Flow from Operations (1.38 M) Short Ratio 0.50 X Earnings Per Share (0.55) X Beta -5.02 Market Capitalization 2.68 M Total Asset 1.25 M Retained Earnings (4.95 M) Working Capital (8 K) Current Asset 459 K Current Liabilities 467 K Z Score -9.6

## About Ecgi Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ecgi Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ecgi Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ecgi Holdings 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.
ECGI Holdings, Inc., through its subsidiary, operates in the cardiac medical device innovation, patient monitoring, and cardiac event prediction industry. The company was formerly known as Event Cardio Group Inc. and changed its name to ECGI Holdings, Inc. in August 2019. Ecgi Holdings operates under Medical Devices classification in the United States and is traded on OTC Exchange. It employs 1 people.

## Ecgi Holdings Investors Sentiment

The influence of Ecgi Holdings' 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 Ecgi Holdings. 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 Ecgi Holdings 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, Ecgi Holdings' short interest history, or implied volatility extrapolated from Ecgi Holdings options trading.

## Current Sentiment - ECGI

### Ecgi Holdings Investor Sentiment

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

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 Ecgi Holdings 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 Ecgi Holdings will appreciate offsetting losses from the drop in the long position's value.

## Ecgi Holdings Pair Correlation

### Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Ecgi Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecgi Holdings 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 Ecgi Holdings - 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 Ecgi Holdings to buy it.
The correlation of Ecgi Holdings is a statistical measure of how it moves in relation to other equities. 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 Ecgi Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecgi Holdings 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 Ecgi Holdings 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.
Continue to Ecgi Holdings Piotroski F Score and Ecgi Holdings Valuation analysis. Note that the Ecgi Holdings information on this page should be used as a complementary analysis to other Ecgi Holdings' 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

## Complementary Tools for Ecgi Holdings OTC Stock analysis

When running Ecgi Holdings price analysis, check to measure Ecgi Holdings' 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 Ecgi Holdings is operating at the current time. Most of Ecgi Holdings' value examination focuses on studying past and present price action to predict the probability of Ecgi Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ecgi Holdings' price. Additionally, you may evaluate how the addition of Ecgi Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Ecgi Holdings' 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 Ecgi Holdings. If investors know Ecgi Holdings 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 Ecgi Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
 Market Capitalization1.7 M Return On Assets-0.2
The market value of Ecgi Holdings is measured differently than its book value, which is the value of Ecgi Holdings that is recorded on the company's balance sheet. Investors also form their own opinion of Ecgi Holdings' value that differs from its market value or its book value, called intrinsic value, which is Ecgi Holdings' 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 Ecgi Holdings' market value can be influenced by many factors that don't directly affect Ecgi Holdings' 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 Ecgi Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Ecgi Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecgi Holdings' 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.