LOCORR Z Score
| LEQIX Fund | USD 11.08 0.02 0.18% |
LOCORR |
LOCORR Z Score Analysis
LOCORR DYNAMIC'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..
| |||||||
| |||||||
| |||||||
| |||||||
|
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.
| Competition |
LOCORR DYNAMIC Z Score Component Assessment
Based on the company's disclosures, LOCORR DYNAMIC EQUITY has a Z Score of 0.0. This indicator is about the same for the LoCorr Funds average (which is currently at 0.0) family and about the same as Long-Short Equity (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
LOCORR Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses LOCORR DYNAMIC's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of LOCORR DYNAMIC could also be used in its relative valuation, which is a method of valuing LOCORR DYNAMIC by comparing valuation metrics of similar companies.LOCORR DYNAMIC is currently under evaluation in z score among similar funds.
Fund Asset Allocation for LOCORR DYNAMIC
The fund invests 63.34% of asset under management in tradable equity instruments, with the rest of investments concentrated in cash (36.65%) and various exotic instruments (0.01%).Asset allocation divides LOCORR DYNAMIC's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
LOCORR Fundamentals
| Price to Earning | 11.66 X | |||
| Price to Book | 1.99 X | |||
| Price to Sales | 0.68 X | |||
| Total Asset | 23.32 M | |||
| One Year Return | (11.67) % | |||
| Three Year Return | (3.94) % | |||
| Five Year Return | 0.32 % | |||
| Net Asset | 23.32 M | |||
| Minimum Initial Investment | 100 K | |||
| Cash Position Weight | 36.65 % | |||
| Equity Positions Weight | 63.34 % |
About LOCORR DYNAMIC Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze LOCORR DYNAMIC EQUITY's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of LOCORR DYNAMIC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of LOCORR DYNAMIC EQUITY based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.Under normal market conditions, the fund invests at least 80 percent of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long or short positions in equity securities of domestic and foreign companies. Locorr Dynamic is traded on NASDAQ Exchange in the United States.
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 LOCORR DYNAMIC 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, LOCORR DYNAMIC's short interest history, or implied volatility extrapolated from LOCORR DYNAMIC options trading.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as LOCORR DYNAMIC EQUITY using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out LOCORR DYNAMIC Piotroski F Score and Portfolio Optimization analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for LOCORR Mutual Fund analysis
When running LOCORR DYNAMIC's price analysis, check to measure LOCORR DYNAMIC'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 LOCORR DYNAMIC is operating at the current time. Most of LOCORR DYNAMIC's value examination focuses on studying past and present price action to predict the probability of LOCORR DYNAMIC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LOCORR DYNAMIC's price. Additionally, you may evaluate how the addition of LOCORR DYNAMIC to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Focused Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |