Associated Z Score

AC
 Stock
  

USD 42.07  0.43  1.03%   

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 Associated Capital Piotroski F Score and Associated Capital Valuation analysis.
  
Associated Capital Return on Invested Capital is projected to increase slightly based on the last few years of reporting. The past year's Return on Invested Capital was at 0.08. The current year Market Capitalization is expected to grow to about 981.1 M, whereas Capital Expenditure is forecasted to decline to (10.8 M). Associated Capital Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 63.63 Million. The current year Cost of Revenue is expected to grow to about 9.1 M, whereas Net Income is forecasted to decline to (68.6 M).

Associated Z Score Analysis

Associated Capital'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..
 2019 2020 2021 2022 (projected)
Interest Expense216 K180 K310 K318.16 K
Gross Profit16.49 M15.88 M12.5 M15.17 M
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 )

Associated Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Associated Capital is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Associated Capital'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 Associated Capital'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 Associated Capital'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, Associated Capital Group has a Z Score of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Associated Z Score Peer Comparison

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

Associated Capital Current Valuation Drivers

We derive many important indicators used in calculating different scores of Associated Capital from analyzing Associated Capital's financial statements. These drivers represent accounts that assess Associated Capital's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Associated Capital's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(1.54 K)141.53 K124.47 K(937.08 K)(1.08 M)(1.11 M)
Revenue Per Employee317.25 K432.52 K379.08 K367.4 K422.51 K433.63 K
Average Assets957.73 M982.42 M1 B1.03 B1.25 B1.2 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(6.02 M)2.28 M(3.99 M)(81.96 M)(94.26 M)(96.74 M)
Earnings Before Interest Taxes and Depreciation Amortization USD6.66 M(69.29 M)52.05 M28.42 M77.6 M83.72 M
Earnings before Tax6.42 M(69.58 M)51.81 M28.19 M76.91 M82.98 M
Average Equity896.28 M897.45 M889.61 M855.67 M928.82 M958.75 M
Enterprise Value574.98 M469.58 M556.12 M736.03 M392.32 M502.73 M
Free Cash Flow(67.62 M)76.98 M(48.48 M)(290.57 M)238.19 M257 M
Invested Capital716.11 M550.92 M681.8 M1.15 B1.21 B1.05 B
Invested Capital Average671.51 M662.5 M660.83 M897.38 M985.9 M906.87 M
Market Capitalization808.23 M796.11 M881.58 M783.36 M948.5 M981.08 M
Tangible Asset Value1 B950.91 M1.01 B1.17 B1.2 B1.18 B

Associated Fundamentals

About Associated Capital Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Associated Capital Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Associated Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Associated Capital Group 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.
Associated Capital Group, Inc. provides investment advisory services in the United States. The company was founded in 1976 and is headquartered in Greenwich, Connecticut. Associated Capital operates under Capital Markets classification in the United States and is traded on New York Stock Exchange. It employs 25 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Associated Capital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Associated Capital

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 Associated Capital 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 Associated Capital will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Associated Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Associated Capital 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 Associated Capital - 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 Associated Capital Group to buy it.
The correlation of Associated Capital 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 Associated Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Associated Capital 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 Associated Capital 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 Associated Capital Piotroski F Score and Associated Capital Valuation analysis. Note that the Associated Capital information on this page should be used as a complementary analysis to other Associated Capital'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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Associated Stock analysis

When running Associated Capital price analysis, check to measure Associated Capital'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 Associated Capital is operating at the current time. Most of Associated Capital's value examination focuses on studying past and present price action to predict the probability of Associated Capital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Associated Capital's price. Additionally, you may evaluate how the addition of Associated Capital to your portfolios can decrease your overall portfolio volatility.
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Is Associated Capital'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 Associated Capital. If investors know Associated 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 Associated Capital 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
(0.81) 
Market Capitalization
916.4 M
Quarterly Revenue Growth YOY
0.21
Return On Assets
(0.0063) 
Return On Equity
(0.0489) 
The market value of Associated Capital is measured differently than its book value, which is the value of Associated that is recorded on the company's balance sheet. Investors also form their own opinion of Associated Capital's value that differs from its market value or its book value, called intrinsic value, which is Associated Capital'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 Associated Capital's market value can be influenced by many factors that don't directly affect Associated Capital'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 Associated Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine Associated Capital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Associated Capital'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.