ETF Opportunities Z Score

Etfs . USA . 
Etf . ETF Opportunities Trust
UBCB Etf  USD 19.04  0.00  0.00%   
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.
  

ETF Opportunities Z Score Analysis

ETF Opportunities' 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..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Competition

ETF Opportunities Z Score Component Assessment

As per the company's disclosures, ETF Opportunities Trust has a Z Score of 0.0. This indicator is about the same for the Ultra Blue Capital average (which is currently at 0.0) family and about the same as Large Growth (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).

ETF Opportunities Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ETF Opportunities' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of ETF Opportunities could also be used in its relative valuation, which is a method of valuing ETF Opportunities by comparing valuation metrics of similar companies.
ETF Opportunities is currently under evaluation in z score as compared to similar ETFs.

ETF Opportunities Institutional Holders

Institutional Holdings refers to the ownership stake in ETF Opportunities that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ETF Opportunities' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ETF Opportunities' value.
Last TransactionTypeSharesValue
Ubs Group Ag2022-12-31Fund Units36.0619
Fmr Llc2022-09-30Fund Units1.00.0
Concourse Financial Group Securities Inc2022-12-31Fund Units0.00.0

Fund Asset Allocation for ETF Opportunities

The fund consists of 95.46% investments in stocks, with the rest of investments allocated between various types of exotic instruments.
Asset allocation divides ETF Opportunities' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

ETF Opportunities Fundamentals

Total Asset1.81 M
Net Asset1.81 M
Equity Positions Weight95.46 %

About ETF Opportunities Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ETF Opportunities Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ETF Opportunities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ETF Opportunities Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
The fund is actively managed by proprietary artificial intelligence algorithms. ETF Opportunities is traded on NYSEARCA Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ETF Opportunities in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ETF Opportunities' short interest history, or implied volatility extrapolated from ETF Opportunities options trading.

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Check out World Market Map. Note that the ETF Opportunities Trust information on this page should be used as a complementary analysis to other ETF Opportunities' 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running ETF Opportunities Trust price analysis, check to measure ETF Opportunities' 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 ETF Opportunities is operating at the current time. Most of ETF Opportunities' value examination focuses on studying past and present price action to predict the probability of ETF Opportunities' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ETF Opportunities' price. Additionally, you may evaluate how the addition of ETF Opportunities to your portfolios can decrease your overall portfolio volatility.
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The market value of ETF Opportunities Trust is measured differently than its book value, which is the value of ETF Opportunities that is recorded on the company's balance sheet. Investors also form their own opinion of ETF Opportunities' value that differs from its market value or its book value, called intrinsic value, which is ETF Opportunities' 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 ETF Opportunities' market value can be influenced by many factors that don't directly affect ETF Opportunities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between ETF Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine ETF Opportunities value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ETF Opportunities' 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.


 
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