Ershares Entrepreneurs Etf Z Score
| ENTRDelisted Etf | USD 15.47 0.05 0.32% |
ERShares |
ERShares Entrepreneurs ETF ETF Z Score Analysis
ERShares Entrepreneurs' 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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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, ERShares Entrepreneurs ETF has a Z Score of 0.0. This indicator is about the same for the EntrepreneurShares average (which is currently at 0.0) family and about the same as Large Growth (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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Fund Asset Allocation for ERShares Entrepreneurs
The fund consists of 90.77% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides ERShares Entrepreneurs' investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
ERShares Fundamentals
| Return On Asset | -0.4 | |||
| Profit Margin | (0.51) % | |||
| Operating Margin | (0.40) % | |||
| Current Valuation | 217.53 M | |||
| Shares Outstanding | 89.78 M | |||
| Shares Owned By Insiders | 5.22 % | |||
| Shares Owned By Institutions | 70.80 % | |||
| Number Of Shares Shorted | 3.04 M | |||
| Price To Earning | 306.00 X | |||
| Price To Book | 1.58 X | |||
| Price To Sales | 1.49 X | |||
| Revenue | 191.62 M | |||
| Gross Profit | 93.25 M | |||
| Net Income | (98.12 M) | |||
| Cash And Equivalents | 17.31 M | |||
| Cash Per Share | 1.18 X | |||
| Total Debt | 8.79 M | |||
| Debt To Equity | 0.20 % | |||
| Current Ratio | 5.34 X | |||
| Cash Flow From Operations | (24.86 M) | |||
| Earnings Per Share | (1.00) X | |||
| Number Of Employees | 316 | |||
| Beta | 1.25 | |||
| Market Capitalization | 227.88 M | |||
| Total Asset | 29.04 M | |||
| Retained Earnings | (329.91 M) | |||
| Working Capital | 115.77 M | |||
| Current Asset | 142.24 M | |||
| Current Liabilities | 26.47 M | |||
| One Year Return | 32.70 % | |||
| Three Year Return | (2.90) % | |||
| Five Year Return | 8.90 % | |||
| Net Asset | 29.04 M | |||
| Last Dividend Paid | 0.014 | |||
| Equity Positions Weight | 90.77 % |
About ERShares Entrepreneurs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ERShares Entrepreneurs ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ERShares Entrepreneurs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ERShares Entrepreneurs ETF 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.
Pair Trading with ERShares Entrepreneurs
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 ERShares Entrepreneurs 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 ERShares Entrepreneurs will appreciate offsetting losses from the drop in the long position's value.Moving against ERShares Etf
The ability to find closely correlated positions to ERShares Entrepreneurs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ERShares Entrepreneurs 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 ERShares Entrepreneurs - 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 ERShares Entrepreneurs ETF to buy it.
The correlation of ERShares Entrepreneurs 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 ERShares Entrepreneurs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ERShares Entrepreneurs 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 ERShares Entrepreneurs 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 etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in ERShares Etf
If you are still planning to invest in ERShares Entrepreneurs check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ERShares Entrepreneurs' history and understand the potential risks before investing.
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