Ishares Sptsx Capped Etf Probability Of Bankruptcy
| XEG Etf | CAD 16.90 0.13 0.78% |
IShares |
iShares SPTSX Capped ETF odds of distress Analysis
IShares SPTSX's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current IShares SPTSX Probability Of Bankruptcy | Less than 9% |
Most of IShares SPTSX's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, iShares SPTSX Capped is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of IShares SPTSX probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting IShares SPTSX odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of iShares SPTSX Capped financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, iShares SPTSX Capped has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the iShares family and significantly higher than that of the Energy Equity category. The probability of bankruptcy for all Canada etfs is notably lower than that of the firm.
IShares Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IShares SPTSX's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IShares SPTSX could also be used in its relative valuation, which is a method of valuing IShares SPTSX by comparing valuation metrics of similar companies.IShares SPTSX is currently under evaluation in probability of bankruptcy as compared to similar ETFs.
IShares Fundamentals
| Price To Earning | 2.18 X | |||
| Earnings Per Share | 4.08 X | |||
| Beta | 0.91 | |||
| Market Capitalization | 549.94 M | |||
| Total Asset | 642.76 M | |||
| One Year Return | 10.30 % | |||
| Three Year Return | 21.40 % | |||
| Five Year Return | 16.20 % | |||
| Ten Year Return | 4.20 % | |||
| Net Asset | 642.76 M | |||
| Last Dividend Paid | 0.042 | |||
| Holdings Turnover | 154.10 % | |||
| Equity Positions Weight | 99.84 % |
About IShares SPTSX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iShares SPTSX Capped's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares SPTSX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iShares SPTSX Capped 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 IShares SPTSX
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 IShares SPTSX 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 IShares SPTSX will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.83 | ZEO | BMO Equal Weight | PairCorr |
| 0.85 | NXF | First Asset Energy | PairCorr |
| 1.0 | HXE | Global X SPTSX | PairCorr |
| 0.9 | HPF | Energy Leaders Plus | PairCorr |
Moving against IShares Etf
| 0.63 | CAGS | CI Canadian Short | PairCorr |
| 0.51 | XSH | iShares Core Canadian | PairCorr |
| 0.49 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.48 | XBB | iShares Canadian Universe | PairCorr |
| 0.4 | TCLB | TD Canadian Long | PairCorr |
The ability to find closely correlated positions to IShares SPTSX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares SPTSX 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 IShares SPTSX - 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 iShares SPTSX Capped to buy it.
The correlation of IShares SPTSX 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 IShares SPTSX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares SPTSX Capped 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 IShares SPTSX 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 IShares Etf
IShares SPTSX financial ratios help investors to determine whether IShares Etf 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 IShares with respect to the benefits of owning IShares SPTSX security.