Ershares Entrepreneurs Etf Probability Of Bankruptcy
| ENTR Etf | USD 14.25 0.15 1.06% |
ERShares |
ERShares Entrepreneurs ETF ETF probability of distress Analysis
ERShares Entrepreneurs' 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 ERShares Entrepreneurs Probability Of Bankruptcy | Less than 9% |
Most of ERShares Entrepreneurs' 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, ERShares Entrepreneurs ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of ERShares Entrepreneurs 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 ERShares Entrepreneurs 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 ERShares Entrepreneurs ETF financial health.
The market value of ERShares Entrepreneurs is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Entrepreneurs' value that differs from its market value or its book value, called intrinsic value, which is ERShares Entrepreneurs' 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 ERShares Entrepreneurs' market value can be influenced by many factors that don't directly affect ERShares Entrepreneurs' 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 ERShares Entrepreneurs' value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Entrepreneurs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Entrepreneurs' 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.
| Competition |
Based on the latest financial disclosure, ERShares Entrepreneurs ETF has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the EntrepreneurShares family and significantly higher than that of the Large Growth category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.
ERShares Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ERShares Entrepreneurs' 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 ERShares Entrepreneurs could also be used in its relative valuation, which is a method of valuing ERShares Entrepreneurs by comparing valuation metrics of similar companies.ERShares Entrepreneurs is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
ERShares Fundamentals
| Return On Asset | -0.4 | |||
| Profit Margin | (0.51) % | |||
| Operating Margin | (0.40) % | |||
| Current Valuation | 217.53 M | |||
| Shares Outstanding | 89.78 M | |||
| Shares Owned By Insiders | 5.22 % | |||
| Shares Owned By Institutions | 70.80 % | |||
| Number Of Shares Shorted | 3.04 M | |||
| Price To Earning | 306.00 X | |||
| Price To Book | 1.58 X | |||
| Price To Sales | 1.49 X | |||
| Revenue | 191.62 M | |||
| Gross Profit | 93.25 M | |||
| Net Income | (98.12 M) | |||
| Cash And Equivalents | 17.31 M | |||
| Cash Per Share | 1.18 X | |||
| Total Debt | 8.79 M | |||
| Debt To Equity | 0.20 % | |||
| Current Ratio | 5.34 X | |||
| Cash Flow From Operations | (24.86 M) | |||
| Earnings Per Share | (1.00) X | |||
| Number Of Employees | 316 | |||
| Beta | 1.26 | |||
| Market Capitalization | 227.88 M | |||
| Total Asset | 29.04 M | |||
| Retained Earnings | (329.91 M) | |||
| Working Capital | 115.77 M | |||
| Current Asset | 142.24 M | |||
| Current Liabilities | 26.47 M | |||
| One Year Return | 29.60 % | |||
| Three Year Return | (3.10) % | |||
| Five Year Return | 6.10 % | |||
| Net Asset | 29.04 M | |||
| Last Dividend Paid | 0.014 | |||
| Equity Positions Weight | 90.77 % |
About ERShares Entrepreneurs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ERShares Entrepreneurs ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ERShares Entrepreneurs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ERShares Entrepreneurs ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 ERShares Entrepreneurs 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, ERShares Entrepreneurs' short interest history, or implied volatility extrapolated from ERShares Entrepreneurs options trading.
Pair Trading with ERShares Entrepreneurs
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 ERShares Entrepreneurs 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 ERShares Entrepreneurs will appreciate offsetting losses from the drop in the long position's value.Moving together with ERShares Etf
| 0.97 | VUG | Vanguard Growth Index | PairCorr |
| 0.97 | IWF | iShares Russell 1000 | PairCorr |
| 0.93 | IVW | iShares SP 500 | PairCorr |
| 0.98 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.98 | IUSG | iShares Core SP | PairCorr |
The ability to find closely correlated positions to ERShares Entrepreneurs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Entrepreneurs 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 ERShares Entrepreneurs - 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 ERShares Entrepreneurs ETF to buy it.
The correlation of ERShares Entrepreneurs 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 ERShares Entrepreneurs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Entrepreneurs 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 ERShares Entrepreneurs 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 ERShares Entrepreneurs Piotroski F Score and ERShares Entrepreneurs Altman Z Score analysis. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
The market value of ERShares Entrepreneurs is measured differently than its book value, which is the value of ERShares that is recorded on the company's balance sheet. Investors also form their own opinion of ERShares Entrepreneurs' value that differs from its market value or its book value, called intrinsic value, which is ERShares Entrepreneurs' 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 ERShares Entrepreneurs' market value can be influenced by many factors that don't directly affect ERShares Entrepreneurs' 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 ERShares Entrepreneurs' value and its price as these two are different measures arrived at by different means. Investors typically determine if ERShares Entrepreneurs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ERShares Entrepreneurs' 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.