Edgio Inc Stock Z Score
| EGIO Stock | USD 0.02 0.00 0.00% |
Edgio | Z Score |
Edgio Inc Company Z Score Analysis
Edgio'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..
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Edgio Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Edgio is extremely important. It helps to project a fair market value of Edgio Stock properly, considering its historical fundamentals such as Z Score. Since Edgio'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 Edgio'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 Edgio's interrelated accounts and indicators.
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.
CompetitionAccording to the company's disclosures, Edgio Inc has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Edgio Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Edgio'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 Edgio could also be used in its relative valuation, which is a method of valuing Edgio by comparing valuation metrics of similar companies.Edgio is currently under evaluation in z score category among its peers.
Edgio Institutional Holders
Institutional Holdings refers to the ownership stake in Edgio that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Edgio'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 Edgio's value.| Shares | Steward Partners Investment Advisory, Llc | 2024-06-30 | 25.0 | Cape Investment Advisory, Inc. | 2024-06-30 | 24.0 | Goss Wealth Management Llc | 2024-06-30 | 12.0 | Qube Research & Technologies | 2024-06-30 | 8.0 | Cwm, Llc Duplicate | 2024-06-30 | 6.0 | Main Street Group Ltd | 2024-06-30 | 2.0 | Jpmorgan Chase & Co | 2024-06-30 | 2.0 | Gabelli Funds Llc | 2024-09-30 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Blackrock Inc | 2024-06-30 | 54.4 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 15.9 K |
Edgio Fundamentals
| Return On Equity | -0.63 | ||||
| Return On Asset | -0.14 | ||||
| Profit Margin | (0.35) % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 106.01 M | ||||
| Shares Outstanding | 5.86 M | ||||
| Shares Owned By Insiders | 3.74 % | ||||
| Shares Owned By Institutions | 41.05 % | ||||
| Number Of Shares Shorted | 321.57 K | ||||
| Price To Book | 0.0008 X | ||||
| Price To Sales | 0.02 X | ||||
| Revenue | 403.59 M | ||||
| Gross Profit | 82.86 M | ||||
| EBITDA | (74.24 M) | ||||
| Net Income | (141.65 M) | ||||
| Cash And Equivalents | 77.33 M | ||||
| Cash Per Share | 0.35 X | ||||
| Total Debt | 156.5 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 2.08 X | ||||
| Book Value Per Share | 27.24 X | ||||
| Cash Flow From Operations | (38.97 M) | ||||
| Short Ratio | 7.23 X | ||||
| Earnings Per Share | (26.00) X | ||||
| Price To Earnings To Growth | (9.27) X | ||||
| Target Price | 30.0 | ||||
| Number Of Employees | 822 | ||||
| Beta | 0.48 | ||||
| Market Capitalization | 6.5 M | ||||
| Total Asset | 542.38 M | ||||
| Retained Earnings | (573.04 M) | ||||
| Working Capital | 42.86 M | ||||
| Net Asset | 542.38 M |
About Edgio Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Edgio Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edgio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edgio Inc 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 Edgio
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 Edgio 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 Edgio will appreciate offsetting losses from the drop in the long position's value.Moving against Edgio Stock
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| 0.6 | S | SentinelOne | PairCorr |
| 0.58 | DTSS | Datasea | PairCorr |
The ability to find closely correlated positions to Edgio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgio 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 Edgio - 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 Edgio Inc to buy it.
The correlation of Edgio 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 Edgio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgio Inc 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 Edgio 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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Application Software 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 Edgio. If investors know Edgio 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 Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.00) | Revenue Per Share 72.469 | Quarterly Revenue Growth (0.12) | Return On Assets (0.14) | Return On Equity (0.63) |
The market value of Edgio Inc is measured differently than its book value, which is the value of Edgio that is recorded on the company's balance sheet. Investors also form their own opinion of Edgio's value that differs from its market value or its book value, called intrinsic value, which is Edgio'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 Edgio's market value can be influenced by many factors that don't directly affect Edgio'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 Edgio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgio'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.