Contango Ore Stock Z Score

CTGO Stock  USD 12.40  0.33  2.73%   
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. Check out Contango ORE Piotroski F Score and Contango ORE Valuation analysis.
To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
  
As of the 11th of December 2024, Net Working Capital is likely to grow to about 16.7 M, while Capital Surpluse is likely to drop about 45.5 M. At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Other Operating Expenses is likely to grow to about 18.5 M, though Operating Income is likely to grow to (16.8 M).

Contango ORE Company Z Score Analysis

Contango ORE'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 )

Contango Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Contango ORE is extremely important. It helps to project a fair market value of Contango Stock properly, considering its historical fundamentals such as Z Score. Since Contango ORE'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 Contango ORE'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 Contango ORE's interrelated accounts and indicators.
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0.9-0.630.25-0.120.810.830.2-0.04-0.510.30.350.40.170.880.92
0.650.580.25-0.210.71-0.320.260.04-0.130.350.470.560.270.470.19
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0.96-0.10.810.71-0.130.390.23-0.04-0.420.360.450.640.310.850.68
0.51-0.950.83-0.320.010.390.07-0.07-0.450.130.110.07-0.010.630.8
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-0.010.07-0.040.040.04-0.04-0.07-0.61-0.18-0.65-0.59-0.27-0.29-0.09-0.09
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0.470.040.350.47-0.360.450.110.62-0.590.140.960.630.50.540.34
0.560.10.40.56-0.190.640.070.34-0.270.410.520.630.910.550.35
0.250.070.170.27-0.160.31-0.010.28-0.290.70.410.50.910.230.13
0.88-0.40.880.47-0.150.850.630.27-0.09-0.430.440.540.550.230.87
0.79-0.660.920.19-0.10.680.80.17-0.09-0.430.290.340.350.130.87
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores 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 highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

In accordance with the company's disclosures, Contango ORE has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

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Contango ORE ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Contango ORE's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Contango ORE's managers, analysts, and investors.
Environmental
Governance
Social

Contango Fundamentals

About Contango ORE Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Contango ORE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Contango ORE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Contango ORE 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.

Pair Trading with Contango ORE

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 Contango ORE 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 Contango ORE will appreciate offsetting losses from the drop in the long position's value.

Moving together with Contango Stock

  0.68AU AngloGold Ashanti plcPairCorr

Moving against Contango Stock

  0.64CMC Commercial MetalsPairCorr
  0.55WS Worthington SteelPairCorr
  0.48RS Reliance Steel AluminumPairCorr
  0.46MT ArcelorMittal SA ADRPairCorr
  0.35AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
The ability to find closely correlated positions to Contango ORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Contango ORE 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 Contango ORE - 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 Contango ORE to buy it.
The correlation of Contango ORE is a statistical measure of how it moves in relation to other instruments. 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 Contango ORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contango ORE 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 Contango ORE 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
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
Check out Contango ORE Piotroski F Score and Contango ORE Valuation analysis.
To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Diversified Metals & Mining space 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 Contango ORE. If investors know Contango 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 Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.04)
Return On Assets
(0.21)
Return On Equity
(5.05)
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE'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 Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE'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 Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE'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.