Edbi Etf Probability Of Bankruptcy
EDBI's risk of distress is under 9% at the present time. It has tiny likelihood of undergoing some form of financial trouble in the near future. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
EDBI |
EDBI ETF probability of distress Analysis
EDBI's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current EDBI Probability Of Bankruptcy | Less than 9% |
Most of EDBI's fundamental indicators, such as Probability Of Bankruptcy, 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, EDBI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of EDBI probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting EDBI odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of EDBI financial health.
The market value of EDBI is measured differently than its book value, which is the value of EDBI that is recorded on the company's balance sheet. Investors also form their own opinion of EDBI's value that differs from its market value or its book value, called intrinsic value, which is EDBI'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 EDBI's market value can be influenced by many factors that don't directly affect EDBI'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 EDBI's value and its price as these two are different measures arrived at by different means. Investors typically determine if EDBI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDBI'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
CompetitionBased on the latest financial disclosure, EDBI has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Legg Mason family and significantly higher than that of the Diversified Emerging Mkts category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
EDBI Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EDBI's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of EDBI could also be used in its relative valuation, which is a method of valuing EDBI by comparing valuation metrics of similar companies.EDBI is rated below average in probability of bankruptcy as compared to similar ETFs.
EDBI Fundamentals
| Price To Earning | 14.99 X | |||
| Price To Book | 1.63 X | |||
| Price To Sales | 1.17 X | |||
| Number Of Employees | 409 | |||
| Total Asset | 7.2 M | |||
| One Year Return | (10.85) % | |||
| Three Year Return | 9.81 % | |||
| Net Asset | 7.2 M | |||
| Last Dividend Paid | 0.98 | |||
| Equity Positions Weight | 99.46 % |
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 EDBI 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, EDBI's short interest history, or implied volatility extrapolated from EDBI options trading.
Pair Trading with EDBI
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 EDBI 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 EDBI will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the EDBI information on this page should be used as a complementary analysis to other EDBI'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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Tools for EDBI Etf
When running EDBI's price analysis, check to measure EDBI'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 EDBI is operating at the current time. Most of EDBI's value examination focuses on studying past and present price action to predict the probability of EDBI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDBI's price. Additionally, you may evaluate how the addition of EDBI to your portfolios can decrease your overall portfolio volatility.
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