ACTIX  Fund   USD 9.07 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
Advisors Capital Piotroski F Score and
Portfolio Optimization analysis.
Advisors Z Score Analysis
Advisors Capital's ZScore is a simple linear, multifactor 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..
 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 ZScore 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. ZScore 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 ZScores 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 socalled '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.
Advisors Capital Z Score Component Assessment
In accordance with the company's disclosures, Advisors Capital Tactical has a Z Score of 0.0. This indicator is about the same for the Category average (which is currently at 0.0) family and about the same as
Large Value (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Fund Asset Allocation for Advisors Capital
The fund consists of 96.93% investments in stocks, with the rest of investments allocated between different money market instruments.
Advisors Fundamentals
About Advisors Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Advisors Capital Tactical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advisors Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Advisors Capital Tactical based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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 invests primarily in stocks of medium to large companies that the portfolio managers believe are undervalued at the time of purchase. Advisors Capital is traded on NASDAQ Exchange in the United States.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Advisors 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 riskadjusted returns of your individual positions relative to your overall portfolio.
  Idea OptimizerUse advanced portfolio builder with precomputed micro ideas to build optimal portfolio 
Pair Trading with Advisors 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 Advisors 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 Advisors Capital will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Advisors Capital could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Advisors 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 Advisors 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 Advisors Capital Tactical to buy it.
The correlation of Advisors 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 Advisors Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advisors Capital Tactical 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 Advisors Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.
Pair CorrelationCorrelation MatchingComplementary Tools for analysis
When running Advisors Capital Tactical price analysis, check to
measure Advisors 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 Advisors Capital is operating at the current time. Most of Advisors Capital's value examination focuses on studying past and present price action to
predict the probability of Advisors Capital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Advisors Capital's price. Additionally, you may evaluate how the addition of Advisors Capital to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Advisors Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine Advisors Capital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advisors 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.