Clearsign Z Score

CLIR
 Stock
  

USD 0.97  0.03  3.19%   

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 Clearsign Combustion Piotroski F Score and Clearsign Combustion Valuation analysis.
  
Clearsign Combustion Invested Capital Average is relatively stable at the moment as compared to the past year. Clearsign Combustion reported last year Invested Capital Average of 971,750. As of 08/19/2022, Market Capitalization is likely to grow to about 46.3 M, while Capital Expenditure is likely to drop (78.8 K). Clearsign Combustion Direct Expenses is relatively stable at the moment as compared to the past year. Clearsign Combustion reported last year Direct Expenses of 900.00. As of 08/19/2022, Cost of Revenue is likely to grow to about 1.1 M, while Earning Before Interest and Taxes EBIT is likely to drop (8.5 M).

Clearsign Z Score Analysis

Clearsign Combustion'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..
 2016 2017 2021 2022 (projected)
Accounts Payable Turnover0.990.710.640.57
PPandE Turnover4.641.681.511.52
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Clearsign Combustion Z Score

    
  30.4  
Most of Clearsign Combustion'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, Clearsign Combustion 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 )

Clearsign Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Clearsign Combustion is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Clearsign Combustion'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 Clearsign Combustion'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 Clearsign Combustion'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, Clearsign Combustion has a Z Score of 30.4. This is much higher than that of the Industrials sector and notably higher than that of the Pollution & Treatment Controls industry. The z score for all United States stocks is notably lower than that of the firm.

Clearsign Z Score Peer Comparison

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

Clearsign Combustion Current Valuation Drivers

We derive many important indicators used in calculating different scores of Clearsign Combustion from analyzing Clearsign Combustion's financial statements. These drivers represent accounts that assess Clearsign Combustion's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Clearsign Combustion's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(557.12 K)(537.78 K)(527.78 K)(565.27 K)(650.06 K)(701.38 K)
Average Assets7.49 M16.37 M13.58 M10.44 M11.76 M11.79 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(9.38 M)(9.23 M)(8.24 M)(6.67 M)(7.63 M)(8.23 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(9.38 M)(9.23 M)(8.24 M)(6.67 M)(7.63 M)(8.23 M)
Earnings before Tax(9.68 M)(9.5 M)(8.48 M)(6.88 M)(7.89 M)(8.51 M)
Average Equity5.93 M14.57 M11.89 M8.61 M10.33 M10.27 M
Enterprise Value53.06 M9.35 M12.93 M78.1 M35.34 M38.65 M
Free Cash Flow(8.35 M)(8.48 M)(6.92 M)(5.98 M)(6.78 M)(7.32 M)
Invested Capital(122 K)6.6 M402 K584 K781 K717.84 K
Invested Capital Average334.25 K1.43 M2.84 M419.25 K971.75 K1.05 M
Market Capitalization56.18 M27.19 M20.36 M88.03 M43.57 M46.34 M
Tangible Asset Value2.31 M16.88 M9.66 M9.82 M8.56 M8.54 M
Working Capital263 K14.77 M7.68 M8.3 M7.29 M6.94 M

Clearsign Fundamentals

About Clearsign Combustion Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Clearsign Combustion's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clearsign Combustion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clearsign Combustion 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.
ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the Peoples Republic of China. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma. Clearsign Combustion operates under Pollution Treatment Controls classification in the United States and is traded on NASDAQ Exchange. It employs 14 people.

Clearsign Combustion Investors Sentiment

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

Clearsign Combustion Implied Volatility

    
  0.0  
Clearsign Combustion's implied volatility exposes the market's sentiment of Clearsign Combustion stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Clearsign Combustion'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 Clearsign Combustion stock will not fluctuate a lot when Clearsign Combustion'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 Clearsign Combustion 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, Clearsign Combustion's short interest history, or implied volatility extrapolated from Clearsign Combustion options trading.

Pair Trading with Clearsign Combustion

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

Moving against Clearsign Combustion

0.62KEYSKeysight Technologies Fiscal Year End 28th of November 2022 PairCorr
0.59THOThor Industries Fiscal Year End 27th of September 2022 PairCorr
0.58SNPSSynopsys Fiscal Year End 7th of December 2022 PairCorr
0.57AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
The ability to find closely correlated positions to Clearsign Combustion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearsign Combustion 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 Clearsign Combustion - 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 Clearsign Combustion to buy it.
The correlation of Clearsign Combustion 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 Clearsign Combustion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearsign Combustion 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 Clearsign Combustion 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 Clearsign Combustion Piotroski F Score and Clearsign Combustion Valuation analysis. Note that the Clearsign Combustion information on this page should be used as a complementary analysis to other Clearsign Combustion'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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Clearsign Combustion price analysis, check to measure Clearsign Combustion'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 Clearsign Combustion is operating at the current time. Most of Clearsign Combustion's value examination focuses on studying past and present price action to predict the probability of Clearsign Combustion's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Clearsign Combustion's price. Additionally, you may evaluate how the addition of Clearsign Combustion to your portfolios can decrease your overall portfolio volatility.
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Is Clearsign Combustion'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 Clearsign Combustion. If investors know Clearsign 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 Clearsign Combustion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
35.7 M
Return On Assets
-0.34
Return On Equity
-0.61
The market value of Clearsign Combustion is measured differently than its book value, which is the value of Clearsign that is recorded on the company's balance sheet. Investors also form their own opinion of Clearsign Combustion's value that differs from its market value or its book value, called intrinsic value, which is Clearsign Combustion'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 Clearsign Combustion's market value can be influenced by many factors that don't directly affect Clearsign Combustion'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 Clearsign Combustion's value and its price as these two are different measures arrived at by different means. Investors typically determine Clearsign Combustion value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearsign Combustion'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.