North Arrow Minerals Stock Z Score

Understanding the fundamental principles of building solid financial models for North Arrow is extremely important. It helps to project a fair market value of North Stock properly, considering its historical fundamentals such as Z Score. Since North Arrow's 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 North Arrow's 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 North Arrow's interrelated accounts and indicators.

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, North Arrow Minerals has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The z score for all Canada stocks is 100.0% higher than that of the company.

We derive many important indicators used in calculating different scores of North Arrow from analyzing North Arrow's financial statements. These drivers represent accounts that assess North Arrow's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of North Arrow's important valuation drivers and their relationship over time.

The Macroaxis Fundamental Analysis modules help investors analyze North Arrow Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of North Arrow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of North Arrow Minerals 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 North Arrow Minerals. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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