Blackberry Z Score

BB
 Stock
  

USD 4.99  0.18  3.74%   

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. Continue to Blackberry Piotroski F Score and Blackberry Valuation analysis.
  

Blackberry Z Score Analysis

Blackberry'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 Blackberry Z Score

    
  3.0  
Most of Blackberry'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, Blackberry 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, Blackberry has a Z Score of 3.0. This is 77.7% lower than that of the Technology sector and significantly higher than that of the Software—Infrastructure industry. The z score for all United States stocks is 65.6% higher than that of the company.

Blackberry Z Score Peer Comparison

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

Blackberry Institutional Holders

Institutional Holdings refers to the ownership stake in Blackberry that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Blackberry'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 Blackberry's value.
Security TypeSharesValue
Fairfax Financial Holdings LtdCommon Shares46.7 M251.8 M
Primecap Management CoCommon Shares37.9 M204.5 M
Fifthdelta LtdCommon Shares22.7 M122.2 M
Allianz Asset Management GmbhCommon Shares22.6 M121.8 M
Vanguard Group IncCommon Shares17.2 M92.7 M
Heard Capital LlcCommon Shares3.3 M17.7 M
Citadel Advisors LlcCommon Shares2.9 M15.8 M
Citadel Advisors LlcCall Options2.1 M11.3 M

Blackberry Fundamentals

About Blackberry Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Blackberry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blackberry using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blackberry 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.
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada. Blackberry is traded on New York Stock Exchange in the United States.

Blackberry Implied Volatility

    
  95.58  
Blackberry's implied volatility exposes the market's sentiment of Blackberry stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Blackberry'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 Blackberry stock will not fluctuate a lot when Blackberry'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 Blackberry 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, Blackberry's short interest history, or implied volatility extrapolated from Blackberry options trading.

Pair Trading with Blackberry

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

Moving together with Blackberry

+0.89ADBEAdobe Systems Fiscal Year End 15th of December 2022 PairCorr
+0.86SNPSSynopsys Fiscal Year End 7th of December 2022 PairCorr
+0.95SQBlock Inc TrendingPairCorr
The ability to find closely correlated positions to Blackberry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackberry 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 Blackberry - 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 Blackberry to buy it.
The correlation of Blackberry 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 Blackberry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackberry 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 Blackberry 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
Continue to Blackberry Piotroski F Score and Blackberry Valuation analysis. Note that the Blackberry information on this page should be used as a complementary analysis to other Blackberry'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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