Alakasa Industrindo Tbk Stock Z Score
ALKA Stock | IDR 350.00 2.00 0.57% |
Alakasa |
Alakasa Industrindo Tbk Company Z Score Analysis
Alakasa Industrindo'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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In accordance with the company's disclosures, Alakasa Industrindo Tbk has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The z score for all Indonesia stocks is 100.0% higher than that of the company.
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Alakasa Fundamentals
Return On Equity | 0.13 | |||
Return On Asset | 0.0285 | |||
Profit Margin | 0 % | |||
Operating Margin | 0.01 % | |||
Current Valuation | 15.82 B | |||
Shares Outstanding | 107.25 M | |||
Shares Owned By Insiders | 93.16 % | |||
Price To Sales | 0.04 X | |||
Revenue | 3.47 T | |||
Gross Profit | 41.68 B | |||
EBITDA | 26.27 B | |||
Net Income | 18.81 B | |||
Cash And Equivalents | 248.48 B | |||
Total Debt | 77.2 M | |||
Book Value Per Share | 273.04 X | |||
Cash Flow From Operations | 67.12 B | |||
Earnings Per Share | 37.91 X | |||
Number Of Employees | 22 | |||
Beta | 0.35 | |||
Market Capitalization | 209.16 B | |||
Total Asset | 499.39 B | |||
Net Asset | 499.39 B |
About Alakasa Industrindo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alakasa Industrindo Tbk's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alakasa Industrindo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alakasa Industrindo Tbk 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.
Pair Trading with Alakasa Industrindo
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 Alakasa Industrindo 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 Alakasa Industrindo will appreciate offsetting losses from the drop in the long position's value.Moving together with Alakasa Stock
0.74 | GDST | Gunawan Dianjaya Steel | PairCorr |
0.71 | ALMI | Alumindo Light Metal | PairCorr |
Moving against Alakasa Stock
0.82 | AGII | Aneka Gas Industri | PairCorr |
0.71 | MEGA | Bank Mega Tbk | PairCorr |
0.6 | UNTR | United Tractors Tbk | PairCorr |
0.5 | BRIS | Bank BRISyariah Tbk | PairCorr |
The ability to find closely correlated positions to Alakasa Industrindo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alakasa Industrindo 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 Alakasa Industrindo - 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 Alakasa Industrindo Tbk to buy it.
The correlation of Alakasa Industrindo 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 Alakasa Industrindo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alakasa Industrindo Tbk 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 Alakasa Industrindo 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alakasa Industrindo Tbk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Alakasa Stock analysis
When running Alakasa Industrindo's price analysis, check to measure Alakasa Industrindo'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 Alakasa Industrindo is operating at the current time. Most of Alakasa Industrindo's value examination focuses on studying past and present price action to predict the probability of Alakasa Industrindo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alakasa Industrindo's price. Additionally, you may evaluate how the addition of Alakasa Industrindo to your portfolios can decrease your overall portfolio volatility.
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