IQ Clean Z Score

OCEN
 Etf
  

USD 19.87  0.05  0.25%   

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 check IQ Clean Piotroski F Score and Portfolio Optimization analysis.
  

IQ Clean Z Score Analysis

IQ Clean'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
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

IQ Clean Z Score Component Assessment

Based on the company's disclosures, IQ Clean Oceans has a Z Score of 0.0. This indicator is about the same for the IndexIQ average (which is currently at 0.0) family and about the same as Miscellaneous Sector (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).

IQ Clean Institutional Holders

Institutional Holdings refers to the ownership stake in IQ Clean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IQ Clean'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 IQ Clean's value.
Security TypeSharesValue
Ubs Group AgFund Units19.00.0

Fund Asset Allocation for IQ Clean

The fund invests 99.95% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
   Value   
       Instrument Type  

IQ Clean Fundamentals

About IQ Clean Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze IQ Clean Oceans's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IQ Clean using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IQ Clean Oceans 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 manager employs a passive management or indexing investment approach designed to track the performance of the underlying index. IQ Clean 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 IQ Clean 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.

Did you try this?

Run Stock Tickers Now

   

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as IQ Clean Oceans using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check IQ Clean Piotroski F Score and Portfolio Optimization analysis. Note that the IQ Clean Oceans information on this page should be used as a complementary analysis to other IQ Clean'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for IQ Clean Etf analysis

When running IQ Clean Oceans price analysis, check to measure IQ Clean'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 IQ Clean is operating at the current time. Most of IQ Clean's value examination focuses on studying past and present price action to predict the probability of IQ Clean's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IQ Clean's price. Additionally, you may evaluate how the addition of IQ Clean to your portfolios can decrease your overall portfolio volatility.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
The market value of IQ Clean Oceans is measured differently than its book value, which is the value of IQ Clean that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Clean's value that differs from its market value or its book value, called intrinsic value, which is IQ Clean'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 IQ Clean's market value can be influenced by many factors that don't directly affect IQ Clean'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 IQ Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine IQ Clean value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Clean'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.