Dominion Z Score

D
 Stock
  

USD 77.75  0.69  0.88%   

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. Continue to Dominion Resources Piotroski F Score and Dominion Resources Valuation analysis.
  

Dominion Z Score Analysis

Dominion Resources' 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

Current Dominion Resources Z Score

    
  0.6  
Most of Dominion Resources' fundamental indicators, such as Z Score, 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, Dominion Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Compare to competition

According to the company's disclosures, Dominion Resources has a Z Score of 0.6. This is 82.2% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Electric industry. The z score for all United States stocks is 93.12% higher than that of the company.

Dominion Resources Institutional Holders

Institutional Holdings refers to the ownership stake in Dominion Resources that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dominion Resources' 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 Dominion Resources' value.
Security TypeSharesValue
Vanguard Group IncCommon Shares71.2 M5.7 B
Blackrock IncCommon Shares55.9 M4.5 B
State Street CorpCommon Shares47.6 M3.8 B
Price T Rowe Associates IncCommon Shares28 M2.2 B
Capital Research Global InvestorsCommon Shares21.9 M1.7 B
Massachusetts Financial Services CoCommon Shares21.2 M1.7 B
Franklin Resources IncCommon Shares18 M1.4 B

Dominion Fundamentals

About Dominion Resources Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dominion Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dominion Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dominion Resources 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.
Dominion Energy, Inc. produces and distributes energy in the United States. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia. Dominion Resources operates under UtilitiesRegulated Electric classification in the United States and is traded on New York Stock Exchange. It employs 17100 people.
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 Dominion Resources 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, Dominion Resources' short interest history, or implied volatility extrapolated from Dominion Resources options trading.

Pair Trading with Dominion Resources

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 Dominion Resources 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 Dominion Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dominion Resources

+0.61JPMJP Morgan Chase Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Dominion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Resources 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 Dominion Resources - 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 Dominion Resources to buy it.
The correlation of Dominion Resources is a statistical measure of how it moves in relation to other equities. 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 Dominion Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Resources 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 Dominion Resources 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.
Pair CorrelationCorrelation Matching
Continue to Dominion Resources Piotroski F Score and Dominion Resources Valuation analysis. Note that the Dominion Resources information on this page should be used as a complementary analysis to other Dominion Resources' 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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