| TELL Stock | | | EUR 13.85 0.15 1.07% |
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Bank of Greece. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Bank of Greece Company Z Score Analysis
Bank of Greece'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..
| First Factor | = | 1.2 * ( | Working Capital | / | Total Assets ) |
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| Second Factor | = | 1.4 * ( | Retained Earnings | / | Total Assets ) |
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| Thrid Factor | = | 3.3 * ( | EBITAD | / | Total Assets ) |
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| Fouth Factor | = | 0.6 * ( | Market Value of Equity | / | Total Liabilities ) |
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| Fifth Factor | = | 0.99 * ( | Revenue | / | Total Assets ) |
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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, Bank of Greece has a Z Score of 0.0. This is 100.0% lower than that of the Financial sector and 100.0% lower than that of the
Money Center Banks industry. The z score for all Greece stocks is 100.0% higher than that of the company.
Bank Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bank of Greece's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bank of Greece could also be used in its relative valuation, which is a method of valuing Bank of Greece by comparing valuation metrics of similar companies.
Bank of Greece is currently under evaluation in z score category among its peers.
Bank Fundamentals
About Bank of Greece Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Greece's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Greece using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Bank of Greece 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.
Pair Trading with Bank of Greece
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Greece position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Greece will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bank of Greece could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Greece when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Greece - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Greece to buy it.
The correlation of Bank of Greece is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Greece moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Greece moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Greece can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Additional Tools for Bank Stock Analysis
When running Bank of Greece's price analysis, check to
measure Bank of Greece'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 Bank of Greece is operating at the current time. Most of Bank of Greece's value examination focuses on studying past and present price action to
predict the probability of Bank of Greece's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Greece's price. Additionally, you may evaluate how the addition of Bank of Greece to your portfolios can decrease your overall portfolio volatility.