Driehaus Emerging Markets Fund Probability Of Bankruptcy

DRESX Fund  USD 20.39  0.07  0.34%   
Driehaus Emerging's odds of distress is under 34% at this time. It has slight probability of undergoing some form of financial trouble in the near future. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Driehaus balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Driehaus Emerging Piotroski F Score and Driehaus Emerging Altman Z Score analysis.
  

Driehaus Probability Of Bankruptcy Analysis

Driehaus Emerging'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.

Probability Of Bankruptcy

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Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Driehaus Emerging Probability Of Bankruptcy

    
  Less than 34%  
Most of Driehaus Emerging'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, Driehaus Emerging Markets is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Driehaus Emerging 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 Driehaus Emerging 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 Driehaus Emerging Markets financial health.
Please note, there is a significant difference between Driehaus Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Driehaus Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Driehaus Emerging'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.
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

Driehaus Emerging Probability Of Bankruptcy Component Assessment

Based on the latest financial disclosure, Driehaus Emerging Markets has a Probability Of Bankruptcy of 34.0%. This is much higher than that of the Driehaus family and significantly higher than that of the Family category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.

Driehaus Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Driehaus Emerging's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Driehaus Emerging could also be used in its relative valuation, which is a method of valuing Driehaus Emerging by comparing valuation metrics of similar companies.
Driehaus Emerging is currently under evaluation in probability of bankruptcy among similar funds.

Driehaus Fundamentals

About Driehaus Emerging Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Driehaus Emerging Markets's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Driehaus Emerging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Driehaus Emerging Markets based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
The fund uses a growth style of investment in equity securities, including common stocks and other equity securities of issuers. Under normal market conditions, it invests substantially all of its net assets in small capitalization emerging markets companies.
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 Driehaus Emerging 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, Driehaus Emerging's short interest history, or implied volatility extrapolated from Driehaus Emerging options trading.

Pair Trading with Driehaus Emerging

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 Driehaus Emerging 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 Driehaus Emerging will appreciate offsetting losses from the drop in the long position's value.

Moving together with Driehaus Mutual Fund

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  0.96DIEMX Driehaus Emerging MarketsPairCorr
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The ability to find closely correlated positions to Driehaus Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driehaus Emerging 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 Driehaus Emerging - 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 Driehaus Emerging Markets to buy it.
The correlation of Driehaus Emerging 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 Driehaus Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driehaus Emerging Markets 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 Driehaus Emerging 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.
Pair CorrelationCorrelation Matching
Check out Driehaus Emerging Piotroski F Score and Driehaus Emerging Altman Z Score analysis.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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Please note, there is a significant difference between Driehaus Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Driehaus Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Driehaus Emerging'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.