Mackenzie Probability Of Bankruptcy

QBB
 Etf
  

CAD 92.75  0.26  0.28%   

Mackenzie Canadian 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. Mackenzie Canadian Probability Of Bankruptcy is determined by interpolating and adjusting Mackenzie 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 Mackenzie balance sheet as well as cash flow and income statements available from the company's most recent filings. Please see Mackenzie Canadian Piotroski F Score and Mackenzie Canadian Altman Z Score analysis.
  

Mackenzie Probability Of Bankruptcy Analysis

Mackenzie Canadian'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 Mackenzie Canadian Probability Of Bankruptcy

    
  1%  
Most of Mackenzie Canadian'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, Mackenzie Canadian Aggregate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Mackenzie Canadian 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 Mackenzie Canadian 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 Mackenzie Canadian Aggregate financial health.
Please note, there is a significant difference between Mackenzie Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine Mackenzie Canadian value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mackenzie Canadian'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
Based on the latest financial disclosure, Mackenzie Canadian Aggregate has a Probability Of Bankruptcy of 1.0%. This is much higher than that of the Category family and significantly higher than that of the Family category. The probability of bankruptcy for all Canada etfs is notably lower than that of the firm.
Chance Of Financial Distress
Less than 1
Mackenzie Canadian Aggregate has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Mackenzie Canadian etf is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info

Mackenzie Fundamentals

About Mackenzie Canadian Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mackenzie Canadian Aggregate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mackenzie Canadian using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mackenzie Canadian Aggregate 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.
Mackenzie Canadian Aggregate Bond Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Canadian Select Universe Bond Index, or any successor thereto. MACKENZIE CDN is traded on Toronto Stock Exchange in Canada.
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 Mackenzie Canadian 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, Mackenzie Canadian's short interest history, or implied volatility extrapolated from Mackenzie Canadian options trading.

Currently Active Assets on Macroaxis

Please see Mackenzie Canadian Piotroski F Score and Mackenzie Canadian Altman Z Score analysis. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Mackenzie Canadian price analysis, check to measure Mackenzie Canadian'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 Mackenzie Canadian is operating at the current time. Most of Mackenzie Canadian's value examination focuses on studying past and present price action to predict the probability of Mackenzie Canadian's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mackenzie Canadian's price. Additionally, you may evaluate how the addition of Mackenzie Canadian to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mackenzie Canadian's value and its price as these two are different measures arrived at by different means. Investors typically determine Mackenzie Canadian value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mackenzie Canadian'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.