Anavex Z Score

AVXL
 Stock
  

USD 10.32  0.57  5.85%   

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 Anavex Lf Piotroski F Score and Anavex Lf Valuation analysis.
  

Anavex Z Score Analysis

Anavex Lf'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 Anavex Lf Z Score

    
  -20.1  
Most of Anavex Lf'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, Anavex Lf SC 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

In accordance with the company's disclosures, Anavex Lf SC has a Z Score of -20.1. This is 397.78% lower than that of the Healthcare sector and notably lower than that of the Biotechnology industry. The z score for all United States stocks is notably higher than that of the company.

Anavex Z Score Peer Comparison

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

Anavex Lf Institutional Holders

Institutional Holdings refers to the ownership stake in Anavex Lf that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Anavex Lf's 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 Anavex Lf's value.
Security TypeSharesValue
Blackrock IncCommon Shares5.4 M53.6 M
State Street CorpCommon Shares4.5 M44.9 M
Vanguard Group IncCommon SharesM39.9 M
Geode Capital Management LlcCommon Shares1.3 M13.1 M
Silverarc Capital Management LlcPut Options917.1 K9.2 M
Morgan StanleyCommon Shares844.8 K8.5 M
Northern Trust CorpCommon Shares712.1 K7.1 M
Citadel Advisors LlcCommon Shares699.7 KM
Susquehanna International Group LlpCall Options472.1 K4.7 M

Anavex Fundamentals

About Anavex Lf Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Anavex Lf SC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Anavex Lf using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Anavex Lf SC 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.
Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of central nervous system diseases. The company was incorporated in 2004 and is headquartered in New York, New York. Anavex Lf operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 25 people.

Anavex Lf Implied Volatility

    
  131.56  
Anavex Lf's implied volatility exposes the market's sentiment of Anavex Lf SC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Anavex Lf's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Anavex Lf stock will not fluctuate a lot when Anavex Lf's options are near their expiration.
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 Anavex Lf 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, Anavex Lf's short interest history, or implied volatility extrapolated from Anavex Lf options trading.

Pair Trading with Anavex Lf

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 Anavex Lf 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 Anavex Lf will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Anavex Lf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anavex Lf 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 Anavex Lf - 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 Anavex Lf SC to buy it.
The correlation of Anavex Lf 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 Anavex Lf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anavex Lf SC 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 Anavex Lf 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 Anavex Lf Piotroski F Score and Anavex Lf Valuation analysis. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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Is Anavex Lf'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 Anavex Lf. If investors know Anavex 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 Anavex Lf 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 Anavex Lf SC is measured differently than its book value, which is the value of Anavex that is recorded on the company's balance sheet. Investors also form their own opinion of Anavex Lf's value that differs from its market value or its book value, called intrinsic value, which is Anavex Lf'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 Anavex Lf's market value can be influenced by many factors that don't directly affect Anavex Lf'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 Anavex Lf's value and its price as these two are different measures arrived at by different means. Investors typically determine Anavex Lf value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anavex Lf'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.