NZSE Probability Of Bankruptcy

NZ50
 Index
  

 11,847  116.63  0.99%   

NZSE 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. NZSE Probability Of Bankruptcy is determined by interpolating and adjusting NZSE 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 NZSE balance sheet as well as cash flow and income statements available from the company's most recent filings. Check out NZSE Performance and NZSE Technical Analysis analysis.
  

NZSE Probability Of Bankruptcy Analysis

NZSE'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 NZSE Probability Of Bankruptcy

    
  50%  
Most of NZSE'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, NZSE is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of NZSE 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 NZSE 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 NZSE financial health.
Please note, there is a significant difference between NZSE's value and its price as these two are different measures arrived at by different means. Investors typically determine NZSE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NZSE'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.
Based on the latest financial disclosure, NZSE has a Probability Of Bankruptcy of 50.0%. This is much higher than that of the sector and significantly higher than that of the Probability Of Bankruptcy industry. The probability of bankruptcy for all New Zealand indexs is notably lower than that of the firm.
Chance Of Financial Distress
Less than 50
NZSE has    50 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for NZSE index 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

About NZSE Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NZSE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NZSE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NZSE based on its fundamental data. In general, a quantitative approach, as applied to this index, 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.

NZSE Investors Sentiment

The influence of NZSE'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 NZSE. 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.
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 NZSE 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, NZSE's short interest history, or implied volatility extrapolated from NZSE options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out NZSE Performance and NZSE Technical Analysis analysis. Note that the NZSE information on this page should be used as a complementary analysis to other NZSE'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Other Tools for NZSE Index

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