Retractable Technologies Stock Z Score

Understanding the fundamental principles of building solid financial models for Retractable Technologies is extremely important. It helps to project a fair market value of Retractable Stock properly, considering its historical fundamentals such as Z Score. Since Retractable Technologies' 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 Retractable Technologies' 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 Retractable Technologies' 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, Retractable Technologies has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

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

The Macroaxis Fundamental Analysis modules help investors analyze Retractable Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Retractable Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Retractable Technologies 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 Retractable Technologies Piotroski F Score and Retractable Technologies Valuation analysis. To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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

Is Retractable Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Retractable Technologies. If investors know Retractable will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Retractable Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Retractable Technologies is measured differently than its book value, which is the value of Retractable that is recorded on the company's balance sheet. Investors also form their own opinion of Retractable Technologies' value that differs from its market value or its book value, called intrinsic value, which is Retractable Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Retractable Technologies' market value can be influenced by many factors that don't directly affect Retractable Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Retractable Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Retractable Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Retractable Technologies' 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.