Microport Scientific Stock Z Score

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.

Based on the company's disclosures, MicroPort Scientific has a Z Score of 3.6. This is 46.67% lower than that of the Healthcare sector and 17.05% lower than that of the Medical Devices industry. The z score for all United States stocks is 58.72% higher than that of the company.

The Macroaxis Fundamental Analysis modules help investors analyze MicroPort Scientific's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MicroPort Scientific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MicroPort Scientific 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroPort Scientific. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

When running MicroPort Scientific's price analysis, check to measure MicroPort Scientific'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 MicroPort Scientific is operating at the current time. Most of MicroPort Scientific's value examination focuses on studying past and present price action to predict the probability of MicroPort Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MicroPort Scientific's price. Additionally, you may evaluate how the addition of MicroPort Scientific to your portfolios can decrease your overall portfolio volatility.