Etho Climate Probability Of Bankruptcy

ETHO
 Etf
  

USD 51.54  0.52  1.02%   

Etho Climate Leadership Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Etho Climate Leadership Probability Of Bankruptcy is determined by interpolating and adjusting Etho Climate Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Etho Climate balance sheet as well as cash flow and income statements available from the company's most recent filings. Continue to Etho Climate Piotroski F Score and Etho Climate Altman Z Score analysis.
  

Etho Climate Probability Of Bankruptcy Analysis

Etho Climate's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current Etho Climate Probability Of Bankruptcy

    
  47%  
Most of Etho Climate's fundamental indicators, such as Probability Of Bankruptcy, 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, Etho Climate Leadership is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Etho Climate probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Etho Climate odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Etho Climate Leadership financial health.
The market value of Etho Climate Leadership is measured differently than its book value, which is the value of Etho Climate that is recorded on the company's balance sheet. Investors also form their own opinion of Etho Climate's value that differs from its market value or its book value, called intrinsic value, which is Etho Climate'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 Etho Climate's market value can be influenced by many factors that don't directly affect Etho Climate'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 Etho Climate's value and its price as these two are different measures arrived at by different means. Investors typically determine Etho Climate value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etho Climate'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.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition

Etho Climate Probability Of Bankruptcy Component Assessment

Based on the latest financial disclosure, Etho Climate Leadership has a Probability Of Bankruptcy of 47.0%. This is much higher than that of the ETFMG family and significantly higher than that of the Mid-Cap Growth category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.

Etho Climate Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Etho Climate's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Etho Climate could also be used in its relative valuation, which is a method of valuing Etho Climate by comparing valuation metrics of similar companies.
Etho Climate is currently under evaluation in probability of bankruptcy as compared to similar ETFs.

Etho Climate Fundamentals

About Etho Climate Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Etho Climate Leadership's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Etho Climate using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Etho Climate Leadership based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 index tracks the performance of the equity securities of a diversified set of U.S. companies that are leaders in their industry with respect to their carbon impact. Etho Climate is traded on NYSEARCA 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 Etho Climate 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 risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Etho Climate

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

Moving together with Etho Climate

+0.7JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr
+0.85PFEPfizer Inc Aggressive PushPairCorr
The ability to find closely correlated positions to Etho Climate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etho Climate 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 Etho Climate - 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 Etho Climate Leadership to buy it.
The correlation of Etho Climate 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 Etho Climate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etho Climate Leadership 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 Etho Climate 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 Etho Climate Piotroski F Score and Etho Climate Altman Z Score analysis. Note that the Etho Climate Leadership information on this page should be used as a complementary analysis to other Etho Climate'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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