Delta Air Lines Stock Z Score
DAL Stock | USD 47.57 0.28 0.59% |
Delta |
Delta Air Lines Company Z Score Analysis
Delta Air'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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According to the company's disclosures, Delta Air Lines has a Z Score of 0.0. This is 100.0% lower than that of the Passenger Airlines sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.
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Delta Fundamentals
Return On Equity | 0.58 | ||||
Return On Asset | 0.0517 | ||||
Profit Margin | 0.08 % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 53.62 B | ||||
Shares Outstanding | 645.31 M | ||||
Shares Owned By Insiders | 0.34 % | ||||
Shares Owned By Institutions | 70.08 % | ||||
Number Of Shares Shorted | 17.69 M | ||||
Price To Earning | 34.29 X | ||||
Price To Book | 2.71 X | ||||
Price To Sales | 0.51 X | ||||
Revenue | 58.05 B | ||||
Gross Profit | 9.68 B | ||||
EBITDA | 7.58 B | ||||
Net Income | 4.61 B | ||||
Cash And Equivalents | 3.27 B | ||||
Cash Per Share | 13.11 X | ||||
Total Debt | 27.28 B | ||||
Debt To Equity | 6.96 % | ||||
Current Ratio | 0.57 X | ||||
Book Value Per Share | 17.39 X | ||||
Cash Flow From Operations | 6.46 B | ||||
Short Ratio | 1.99 X | ||||
Earnings Per Share | 7.80 X | ||||
Price To Earnings To Growth | 39.29 X | ||||
Target Price | 59.5 | ||||
Number Of Employees | 103 K | ||||
Beta | 1.43 | ||||
Market Capitalization | 30.88 B | ||||
Total Asset | 73.64 B | ||||
Retained Earnings | 5.65 B | ||||
Working Capital | (16.15 B) | ||||
Current Asset | 9.06 B | ||||
Current Liabilities | 17.53 B | ||||
Annual Yield | 0.01 % | ||||
Five Year Return | 2.31 % | ||||
Net Asset | 73.64 B | ||||
Last Dividend Paid | 0.3 |
About Delta Air Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Delta Air Lines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Delta Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Delta Air Lines 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 Delta Air 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, Delta Air's short interest history, or implied volatility extrapolated from Delta Air options trading.
Pair Trading with Delta Air
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 Delta Air 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 Delta Air will appreciate offsetting losses from the drop in the long position's value.Moving against Delta Stock
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The ability to find closely correlated positions to Delta Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Air 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 Delta Air - 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 Delta Air Lines to buy it.
The correlation of Delta Air 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 Delta Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Air Lines 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 Delta Air 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 Delta Air Piotroski F Score and Delta Air Valuation analysis. Note that the Delta Air Lines information on this page should be used as a complementary analysis to other Delta Air's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Delta Stock analysis
When running Delta Air's price analysis, check to measure Delta Air'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 Delta Air is operating at the current time. Most of Delta Air's value examination focuses on studying past and present price action to predict the probability of Delta Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Air's price. Additionally, you may evaluate how the addition of Delta Air to your portfolios can decrease your overall portfolio volatility.
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Is Delta Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Air. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delta Air's market value can be influenced by many factors that don't directly affect Delta Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.