Absolute Z Score

ABST
 Stock
  

USD 9.41  0.01  0.11%   

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. Please continue to Absolute Software Piotroski F Score and Absolute Software Valuation analysis.
  
Absolute Software Invested Capital is comparatively stable at the moment as compared to the past year. Absolute Software reported Invested Capital of 236.47 Million in 2021. Invested Capital Average is likely to gain to about 255 M in 2022, whereas Working Capital is likely to drop (38.9 M) in 2022. Absolute Software Weighted Average Shares is comparatively stable at the moment as compared to the past year. Absolute Software reported Weighted Average Shares of 50.38 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 53.7 M in 2022, whereas Consolidated Income is likely to drop (25.1 M) in 2022.

Absolute Z Score Analysis

Absolute Software'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..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Absolute Software Z Score

    
  0.6  
Most of Absolute Software's 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, Absolute Software 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 )

Absolute Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Absolute Software is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Absolute Software's 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 Absolute Software's 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 Absolute Software's interrelated accounts and indicators.
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

In accordance with the company's disclosures, Absolute Software has a Z Score of 0.6. This is 95.54% lower than that of the Technology sector and significantly higher than that of the Software—Application industry. The z score for all United States stocks is 93.12% higher than that of the company.

Absolute Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Absolute Software'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 Absolute Software could also be used in its relative valuation, which is a method of valuing Absolute Software by comparing valuation metrics of similar companies.
Absolute Software is currently under evaluation in z score category among related companies.

Absolute Fundamentals

About Absolute Software Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Absolute Software's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Absolute Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Absolute Software 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.
Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada. Absolute Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.

Absolute Software Investors Sentiment

The influence of Absolute Software'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 Absolute. 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.
Investor biases related to Absolute Software's public news can be used to forecast risks associated with investment in Absolute. The trend in average sentiment can be used to explain how an investor holding Absolute can time the market purely based on public headlines and social activities around Absolute Software. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Absolute Software's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Absolute Software's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Absolute Software's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Absolute Software.
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 Absolute Software 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, Absolute Software's short interest history, or implied volatility extrapolated from Absolute Software options trading.

Pair Trading with Absolute Software

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 Absolute Software 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 Absolute Software will appreciate offsetting losses from the drop in the long position's value.

Moving together with Absolute Software

+0.61AVYAAvaya Holdings Corp Tech BoostPairCorr
+0.63CRNCCerenceInc Tech BoostPairCorr

Moving against Absolute Software

-0.54PPERYBank Mandiri Persero Normal TradingPairCorr
The ability to find closely correlated positions to Absolute Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Software 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 Absolute Software - 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 Absolute Software to buy it.
The correlation of Absolute Software 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 Absolute Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Software 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 Absolute Software 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
Please continue to Absolute Software Piotroski F Score and Absolute Software Valuation analysis. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Absolute Software's 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 Absolute Software. If investors know Absolute 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 Absolute Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.20) 
Market Capitalization
503.7 M
Quarterly Revenue Growth YOY
0.22
Return On Assets
(0.0006) 
Return On Equity
(4.00) 
The market value of Absolute Software is measured differently than its book value, which is the value of Absolute that is recorded on the company's balance sheet. Investors also form their own opinion of Absolute Software's value that differs from its market value or its book value, called intrinsic value, which is Absolute Software's 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 Absolute Software's market value can be influenced by many factors that don't directly affect Absolute Software's 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 Absolute Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Absolute Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Absolute Software'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.