Kinea Fundo Fundos Fund Z Score
| KFOF11 Fund | BRL 68.97 0.49 0.72% |
Kinea |
Kinea Fundo Fundos Fund Z Score Analysis
Kinea Fundo'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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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.
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Based on the company's disclosures, Kinea Fundo Fundos has a Z Score of 0.0. This is 100.0% lower than that of the Financial family and 100.0% lower than that of the Asset Management category. The z score for all Brazil funds is 100.0% higher than that of the company.
Kinea Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kinea Fundo's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Kinea Fundo could also be used in its relative valuation, which is a method of valuing Kinea Fundo by comparing valuation metrics of similar companies.Kinea Fundo is currently under evaluation in z score among similar funds.
About Kinea Fundo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kinea Fundo Fundos's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kinea Fundo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kinea Fundo Fundos based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kinea Fund
Kinea Fundo financial ratios help investors to determine whether Kinea Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kinea with respect to the benefits of owning Kinea Fundo security.
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