Nexera Energy Stock Z Score
EMBYF Stock | USD 0 0.00 0.00% |
Nexera |
Nexera Energy Company Z Score Analysis
Nexera Energy'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..
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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.
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According to the company's disclosures, Nexera Energy has a Z Score of 0.0. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas E&P industry. The z score for all United States stocks is 100.0% higher than that of the company.
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Nexera Fundamentals
Return On Asset | -0.24 | |||
Operating Margin | (1.96) % | |||
Current Valuation | 8.2 M | |||
Shares Outstanding | 62.43 M | |||
Shares Owned By Insiders | 5.07 % | |||
Price To Sales | 1.08 X | |||
Revenue | 1.47 M | |||
Gross Profit | 523.28 K | |||
EBITDA | (2.69 M) | |||
Net Income | (3.89 M) | |||
Cash And Equivalents | 989.09 K | |||
Cash Per Share | 0.02 X | |||
Total Debt | 9.95 M | |||
Current Ratio | 0.09 X | |||
Book Value Per Share | (0.34) X | |||
Cash Flow From Operations | (688.58 K) | |||
Earnings Per Share | (0.05) X | |||
Beta | 1.04 | |||
Market Capitalization | 1.62 M | |||
Total Asset | 5.13 M | |||
Net Asset | 5.13 M |
About Nexera Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nexera Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nexera Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nexera Energy 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.
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 Nexera Energy 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, Nexera Energy's short interest history, or implied volatility extrapolated from Nexera Energy options trading.
Pair Trading with Nexera Energy
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 Nexera Energy 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 Nexera Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Nexera Pink Sheet
0.9 | PXD | Pioneer Natural Resources | PairCorr |
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0.89 | COP | ConocoPhillips Sell-off Trend | PairCorr |
0.89 | EOG | EOG Resources | PairCorr |
0.87 | CNQ | Canadian Natural Res Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Nexera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexera Energy 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 Nexera Energy - 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 Nexera Energy to buy it.
The correlation of Nexera Energy 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 Nexera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexera Energy 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 Nexera Energy 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, which includes a position in Nexera Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Nexera Pink Sheet analysis
When running Nexera Energy's price analysis, check to measure Nexera Energy'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 Nexera Energy is operating at the current time. Most of Nexera Energy's value examination focuses on studying past and present price action to predict the probability of Nexera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexera Energy's price. Additionally, you may evaluate how the addition of Nexera Energy to your portfolios can decrease your overall portfolio volatility.
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