CalAmp Z Score

CAMP
 Stock
  

USD 3.55  0.06  1.66%   

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 CalAmp Corp Piotroski F Score and CalAmp Corp Valuation analysis.
  
CalAmp Corp Invested Capital is very stable at the moment as compared to the past year. CalAmp Corp reported last year Invested Capital of 301.18 Million. As of 1st of December 2022, Invested Capital Average is likely to grow to about 361.5 M, while Capital Expenditure is likely to drop (18.2 M). CalAmp Corp Research and Development Expense is very stable at the moment as compared to the past year. CalAmp Corp reported last year Research and Development Expense of 28.44 Million. As of 1st of December 2022, Selling General and Administrative Expense is likely to grow to about 104.1 M, while Net Income is likely to drop (56.5 M).

CalAmp Z Score Analysis

CalAmp Corp'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..
 2018 2019 2021 2022 (projected)
Interest Expense16.73 M15.49 M15.32 M18.64 M
Gross Profit125.88 M122.41 M121.89 M130.2 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 )

CalAmp Z Score Driver Correlations

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

CalAmp Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of CalAmp Corp from analyzing CalAmp Corp's financial statements. These drivers represent accounts that assess CalAmp Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CalAmp Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(8.13 K)18.46 K19.76 K(57.28 K)(31.56 K)(54.8 K)
Revenue Per Employee360.97 K406.57 K390.76 K313.92 K333.53 K351.84 K
Average Assets414.16 M455.38 M579 M459.35 M408.43 M526.72 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA25.18 M61.98 M60.62 M16.87 M8.08 M986.32 K
Earnings Before Interest Taxes and Depreciation Amortization USD23.9 M60.53 M44.3 M(18.26 M)11.22 M(2.22 M)
Earnings before Tax(9.47 M)27.3 M17.79 M(55.75 M)(26.9 M)(45.13 M)
Average Equity175.44 M190.09 M204.85 M109.64 M85.41 M139.82 M
Enterprise Value643.91 M847.9 M477.01 M504.3 M366.71 M436.9 M
Free Cash Flow17.83 M58.55 M37.34 M17.23 M(17.52 M)(14.35 M)
Invested Capital243.22 M273.72 M411.47 M303.36 M301.18 M350.17 M
Invested Capital Average256.74 M257.84 M363.09 M334.3 M297.18 M361.54 M
Market Capitalization574.03 M833.62 M476.2 M391.34 M253.48 M306.36 M
Tangible Asset Value267.94 M347.56 M475.66 M301.7 M265.18 M328.27 M
Working Capital128.86 M180.36 M319.9 M107.04 M90.93 M109.12 M

CalAmp Fundamentals

About CalAmp Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CalAmp Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CalAmp Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CalAmp Corp 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.
CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company was incorporated in 1981 and is headquartered in Irvine, California. CalAmp Corp operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 887 people.

CalAmp Corp Investors Sentiment

The influence of CalAmp Corp'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 CalAmp. 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 CalAmp Corp's public news can be used to forecast risks associated with investment in CalAmp. The trend in average sentiment can be used to explain how an investor holding CalAmp can time the market purely based on public headlines and social activities around CalAmp Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
CalAmp Corp'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 CalAmp Corp'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 CalAmp Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CalAmp Corp.
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 CalAmp Corp 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, CalAmp Corp's short interest history, or implied volatility extrapolated from CalAmp Corp options trading.

Pair Trading with CalAmp Corp

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

Moving together with CalAmp Corp

+0.94EMKREMCORE Earnings Call  ShortlyPairCorr
+0.9RFILRF Industries Fiscal Year End 28th of December 2022 PairCorr
The ability to find closely correlated positions to CalAmp Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CalAmp Corp 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 CalAmp Corp - 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 CalAmp Corp to buy it.
The correlation of CalAmp Corp 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 CalAmp Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CalAmp Corp 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 CalAmp Corp 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 CalAmp Corp Piotroski F Score and CalAmp Corp Valuation analysis. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is CalAmp Corp'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 CalAmp Corp. If investors know CalAmp 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 CalAmp Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
133.8 M
Quarterly Revenue Growth YOY
(0.08) 
Return On Assets
(0.0368) 
Return On Equity
(0.70) 
The market value of CalAmp Corp is measured differently than its book value, which is the value of CalAmp that is recorded on the company's balance sheet. Investors also form their own opinion of CalAmp Corp's value that differs from its market value or its book value, called intrinsic value, which is CalAmp Corp'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 CalAmp Corp's market value can be influenced by many factors that don't directly affect CalAmp Corp'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 CalAmp Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine CalAmp Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CalAmp Corp'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.