Earthworks Industries Stock Probability Of Bankruptcy
| EWK Stock | CAD 0.20 0.01 4.76% |
Earthworks | Probability Of Bankruptcy |
Earthworks Industries Company odds of financial turmoil Analysis
Earthworks Industries' 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 Earthworks Industries Probability Of Bankruptcy | Over 67% |
Most of Earthworks Industries' 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, Earthworks Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Earthworks Industries 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 Earthworks Industries 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 Earthworks Industries financial health.
Earthworks Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Earthworks Industries is extremely important. It helps to project a fair market value of Earthworks Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Earthworks Industries' 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 Earthworks Industries' 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 Earthworks Industries' interrelated accounts and indicators.
Click cells to compare fundamentals
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, Earthworks Industries has a Probability Of Bankruptcy of 67%. This is 57.35% higher than that of the Commercial Services & Supplies sector and 93.14% higher than that of the Industrials industry. The probability of bankruptcy for all Canada stocks is 68.21% lower than that of the firm.
Earthworks Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Earthworks Industries' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Earthworks Industries could also be used in its relative valuation, which is a method of valuing Earthworks Industries by comparing valuation metrics of similar companies.Earthworks Industries is currently under evaluation in probability of bankruptcy category among related companies.
Earthworks Industries Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | (0.0849) | (0.0931) | (0.0932) | (0.15) | 0.17 | 0.16 | |
| Net Debt | 682.6K | 565.3K | 689.9K | 3.1M | 3.5M | 3.7M | |
| Total Current Liabilities | 2.0M | 2.0M | 2.5M | 4.3M | 5.0M | 5.2M | |
| Non Current Liabilities Total | 7.1M | 7.1M | 7.2M | 1.2M | 1.3M | 1.3M | |
| Total Assets | 10.9M | 11.2M | 12.1M | 13.1M | 15.1M | 8.5M | |
| Total Current Assets | 113.7K | 424.4K | 255.1K | 1.1M | 1.3M | 1.3M | |
| Total Cash From Operating Activities | (452.0K) | (553.3K) | (376.7K) | (1.3M) | (1.1M) | (1.1M) |
Earthworks Fundamentals
| Return On Equity | 0.45 | ||||
| Return On Asset | -0.0407 | ||||
| Current Valuation | 24.56 M | ||||
| Shares Outstanding | 110.3 M | ||||
| Shares Owned By Insiders | 24.16 % | ||||
| Number Of Shares Shorted | 10 K | ||||
| Price To Earning | (6.90) X | ||||
| Price To Book | 2.97 X | ||||
| EBITDA | (869.85 K) | ||||
| Net Income | 2.27 M | ||||
| Cash And Equivalents | 120.29 K | ||||
| Total Debt | 3.96 M | ||||
| Debt To Equity | 293.40 % | ||||
| Current Ratio | 0.10 X | ||||
| Book Value Per Share | 0.07 X | ||||
| Cash Flow From Operations | (1.26 M) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | 0.02 X | ||||
| Beta | 1.02 | ||||
| Market Capitalization | 21.51 M | ||||
| Total Asset | 13.09 M | ||||
| Retained Earnings | (24.24 M) | ||||
| Working Capital | (3.21 M) | ||||
| Net Asset | 13.09 M |
About Earthworks Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Earthworks Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Earthworks Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Earthworks Industries 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.
Pair Trading with Earthworks Industries
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 Earthworks Industries 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 Earthworks Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Earthworks Stock
| 0.61 | FSY | Forsys Metals Corp | PairCorr |
Moving against Earthworks Stock
| 0.83 | ME | Moneta Gold Split | PairCorr |
| 0.8 | CSH-UN | Chartwell Retirement | PairCorr |
| 0.74 | EXN | Excellon Resources | PairCorr |
| 0.74 | OCO | Oroco Resource Corp | PairCorr |
| 0.7 | ETG | Entree Resources | PairCorr |
The ability to find closely correlated positions to Earthworks Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earthworks Industries 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 Earthworks Industries - 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 Earthworks Industries to buy it.
The correlation of Earthworks Industries 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 Earthworks Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earthworks Industries 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 Earthworks Industries 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 Earthworks Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Earthworks Stock analysis
When running Earthworks Industries' price analysis, check to measure Earthworks Industries' 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 Earthworks Industries is operating at the current time. Most of Earthworks Industries' value examination focuses on studying past and present price action to predict the probability of Earthworks Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earthworks Industries' price. Additionally, you may evaluate how the addition of Earthworks Industries to your portfolios can decrease your overall portfolio volatility.
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