Bio Meat Foodtech Stock Z Score
BIMT Stock | 44.20 0.80 1.78% |
Bio |
Bio Meat Foodtech Company Z Score Analysis
Bio Meat'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..
| |||||||
| |||||||
| |||||||
| |||||||
|
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 |
In accordance with the company's disclosures, Bio Meat Foodtech has a Z Score of 0.0. This is 100.0% lower than that of the Financial Services sector and 100.0% lower than that of the Asset Management industry. The z score for all Israel stocks is 100.0% higher than that of the company.
Bio Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bio Meat'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 Bio Meat could also be used in its relative valuation, which is a method of valuing Bio Meat by comparing valuation metrics of similar companies.Bio Meat is currently under evaluation in z score category among related companies.
Bio Fundamentals
Return On Equity | 0.94 | |||
Return On Asset | 0.52 | |||
Profit Margin | 0.52 % | |||
Operating Margin | 0.68 % | |||
Shares Outstanding | 252.75 M | |||
Shares Owned By Insiders | 63.49 % | |||
Price To Sales | 3.75 X | |||
Revenue | 39 M | |||
Gross Profit | 39 M | |||
Book Value Per Share | 0.16 X | |||
Earnings Per Share | 0.01 X | |||
Market Capitalization | 213.57 M |
About Bio Meat Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bio Meat Foodtech's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bio Meat using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bio Meat Foodtech 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bio Meat in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bio Meat's short interest history, or implied volatility extrapolated from Bio Meat options trading.
Pair Trading with Bio Meat
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 Bio Meat 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 Bio Meat will appreciate offsetting losses from the drop in the long position's value.Moving together with Bio Stock
0.66 | PFLT | PennantPark Floating Rate | PairCorr |
Moving against Bio Stock
0.89 | ANLT | Analyst IMS Investment | PairCorr |
0.88 | MPP | More Provident Funds Earnings Call Today | PairCorr |
0.84 | HRON | Hiron Trade Investments | PairCorr |
0.83 | MISH | Mivtach Shamir | PairCorr |
0.63 | ILCO | Israel Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bio Meat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Meat 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 Bio Meat - 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 Bio Meat Foodtech to buy it.
The correlation of Bio Meat 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 Bio Meat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bio Meat Foodtech 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 Bio Meat 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 Bio Meat Foodtech. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Bio Stock analysis
When running Bio Meat's price analysis, check to measure Bio Meat'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 Bio Meat is operating at the current time. Most of Bio Meat's value examination focuses on studying past and present price action to predict the probability of Bio Meat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bio Meat's price. Additionally, you may evaluate how the addition of Bio Meat to your portfolios can decrease your overall portfolio volatility.
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |