| NCP Stock | | | CAD 0.78 0.02 2.50% |
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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nickel Creek Platinum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Nickel Creek's
Net Working Capital is very stable compared to the past year. As of the 3rd of December 2024,
Capital Lease Obligations is likely to grow to about 123
K, while
Net Invested Capital is likely to drop about 27.9
M. At this time, Nickel Creek's
Total Other Income Expense Net is very stable compared to the past year. As of the 3rd of December 2024,
Selling And Marketing Expenses is likely to grow to about 1.4
M, while
Interest Expense is likely to drop 5,225.
Nickel Creek Platinum Company Z Score Analysis
Nickel Creek'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..
| 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 ) |
|
Nickel Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Nickel Creek is extremely important. It helps to project a fair market value of Nickel Stock properly, considering its historical
fundamentals such as Z Score. Since Nickel Creek'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 Nickel Creek'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 Nickel Creek'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.
Based on the company's disclosures, Nickel Creek Platinum 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 Canada stocks is 100.0% higher than that of the company.
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Nickel Fundamentals
About Nickel Creek Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nickel Creek Platinum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nickel Creek using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Nickel Creek Platinum 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.
Pair Trading with Nickel Creek
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 Nickel Creek 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 Nickel Creek will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nickel Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nickel Creek 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 Nickel Creek - 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 Nickel Creek Platinum to buy it.
The correlation of Nickel Creek 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 Nickel Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nickel Creek Platinum 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 Nickel Creek 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.
Other Information on Investing in Nickel Stock
Nickel Creek financial ratios help investors to determine whether Nickel Stock 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 Nickel with respect to the benefits of owning Nickel Creek security.