Red Violet Stock Z Score

RDVT Stock  USD 38.72  1.07  2.84%   
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 Red Violet Piotroski F Score and Red Violet Valuation analysis.
For more information on how to buy Red Stock please use our How to Invest in Red Violet guide.
  
At this time, Red Violet's Capital Surpluse is comparatively stable compared to the past year. Return On Capital Employed is likely to gain to 0.03 in 2024, whereas Net Working Capital is likely to drop slightly above 20.6 M in 2024. At this time, Red Violet's Total Other Income Expense Net is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 743.8 K in 2024, whereas Total Revenue is likely to drop slightly above 31.3 M in 2024.

Red Violet Company Z Score Analysis

Red Violet'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 )

Red Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Red Violet is extremely important. It helps to project a fair market value of Red Stock properly, considering its historical fundamentals such as Z Score. Since Red Violet'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 Red Violet'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 Red Violet's interrelated accounts and indicators.
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1.00.910.780.89-0.410.70.990.95-0.84-0.030.9-0.940.990.990.93
0.90.910.640.93-0.660.530.920.82-0.81-0.110.87-0.980.950.950.91
0.80.780.640.74-0.250.820.740.91-0.860.240.57-0.690.750.760.66
0.90.890.930.74-0.740.720.850.88-0.790.030.76-0.90.920.880.94
-0.41-0.41-0.66-0.25-0.74-0.31-0.36-0.380.380.09-0.330.54-0.49-0.42-0.6
0.750.70.530.820.72-0.310.630.87-0.590.210.57-0.570.660.640.7
0.980.990.920.740.85-0.360.630.92-0.82-0.080.93-0.960.991.00.91
0.970.950.820.910.88-0.380.870.92-0.850.080.81-0.860.930.920.88
-0.84-0.84-0.81-0.86-0.790.38-0.59-0.82-0.85-0.14-0.710.8-0.85-0.86-0.78
-0.01-0.03-0.110.240.030.090.21-0.080.08-0.14-0.280.13-0.07-0.06-0.05
0.890.90.870.570.76-0.330.570.930.81-0.71-0.28-0.90.910.920.88
-0.93-0.94-0.98-0.69-0.90.54-0.57-0.96-0.860.80.13-0.9-0.96-0.98-0.89
0.990.990.950.750.92-0.490.660.990.93-0.85-0.070.91-0.960.990.96
0.980.990.950.760.88-0.420.641.00.92-0.86-0.060.92-0.980.990.91
0.940.930.910.660.94-0.60.70.910.88-0.78-0.050.88-0.890.960.91
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

Based on the company's disclosures, Red Violet has a Z Score of 0.0. This is 100.0% lower than that of the Professional Services sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Red Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Red Violet'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 Red Violet could also be used in its relative valuation, which is a method of valuing Red Violet by comparing valuation metrics of similar companies.
Red Violet is currently under evaluation in z score category among its peers.

Red Violet Current Valuation Drivers

We derive many important indicators used in calculating different scores of Red Violet from analyzing Red Violet's financial statements. These drivers represent accounts that assess Red Violet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Red Violet's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap199.2M309.8M500.0M316.7M279.1M223.2M
Enterprise Value190.4M301.4M467.6M286.2M249.6M207.3M

Red Violet 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, Red Violet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Red Violet's managers, analysts, and investors.
Environmental
Governance
Social

Red Violet Institutional Holders

Institutional Holdings refers to the ownership stake in Red Violet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Red Violet'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 Red Violet's value.
Shares
Ancora Advisors Llc2024-09-30
128.2 K
Dimensional Fund Advisors, Inc.2024-09-30
97.8 K
Northern Trust Corp2024-09-30
96.3 K
Marshall Wace Asset Management Ltd2024-09-30
88.1 K
Globeflex Capital, L.p.2024-09-30
87.6 K
Uniplan Investment Counsel, Inc.2024-09-30
86 K
Cove Street Capital, Llc2024-09-30
83.4 K
Hillsdale Investment Management Inc.2024-09-30
81.2 K
Acadian Asset Management Llc2024-09-30
71.7 K
Trigran Investments Inc2024-09-30
1.9 M
Blackrock Inc2024-06-30
865 K

Red Fundamentals

About Red Violet Fundamental Analysis

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for Red Stock Analysis

When running Red Violet's price analysis, check to measure Red Violet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to predict the probability of Red Violet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.