RICOAUTO Probability Of Bankruptcy

RICOAUTO -  India Stock  

INR 45.35  0.40  0.87%

RICO AUTO INDS Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. RICO AUTO INDS Probability Of Bankruptcy is determined by interpolating and adjusting RICOAUTO Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the RICOAUTO balance sheet as well as cash flow and income statements available from the company's most recent filings. Additionally, take a look at RICO AUTO Piotroski F Score and RICO AUTO Altman Z Score analysis.

RICOAUTO Probability Of Bankruptcy 

 
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RICOAUTO Probability Of Bankruptcy Analysis

RICO AUTO's 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.
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current RICO AUTO Probability Of Bankruptcy

    
  41%  
Most of RICO AUTO's 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, RICO AUTO INDS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of RICO AUTO 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 RICO AUTO 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 RICO AUTO INDS financial health.
Please note, there is a significant difference between RICO AUTO's value and its price as these two are different measures arrived at by different means. Investors typically determine RICO AUTO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RICO AUTO's 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.
Compare to competition

Based on the latest financial disclosure, RICO AUTO INDS has a Probability Of Bankruptcy of 41.0%. This indicator is about the same for the Consumer Cyclical average (which is currently at 41.39) sector and 21.16% higher than that of the Auto Parts industry. The probability of bankruptcy for all India stocks is 2.94% lower than that of the firm.
  Chance Of Financial Distress
Less than 41
RICO AUTO INDS has less than 41 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for RICO AUTO stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info

RICOAUTO Fundamentals

About RICO AUTO Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze RICO AUTO INDS's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RICO AUTO using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RICO AUTO INDS 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.
Rico Auto Industries Limited, an engineering company, manufactures and supplies high precision fully machined aluminum, and ferrous components and assemblies to automotive original equipment manufacturers worldwide. Rico Auto Industries Limited was incorporated in 1983 and is based in Gurugram, India. RICO AUTO operates under Auto Parts classification in India and is traded on National Stock Exchange of India.

RICO AUTO Investors Sentiment

The influence of RICO AUTO's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in RICOAUTO. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - RICOAUTO

RICO AUTO INDS Investor Sentiment

Most of Macroaxis users are at this time bullish on RICO AUTO INDS. What is your perspective on investing in RICO AUTO INDS? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at RICO AUTO Piotroski F Score and RICO AUTO Altman Z Score analysis. Note that the RICO AUTO INDS information on this page should be used as a complementary analysis to other RICO AUTO's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Tools for RICOAUTO Stock

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