Ecopetrol Sa Adr Stock Probability Of Bankruptcy

EC Stock  USD 11.33  0.35  3.19%   
Ecopetrol's odds of distress is less than 5% at the present time. It is unlikely to undergo any financial straits in the next 24 months. 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 Ecopetrol balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Ecopetrol Piotroski F Score and Ecopetrol Altman Z Score analysis.
  

Ecopetrol Probability Of Bankruptcy Analysis

Ecopetrol'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.
 2021 2022 2023 2024 (projected)
Gross Profit36.2T70.0T31.8T23.4T
Total Revenue91.7T159.5T123.1T64.8T

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Ecopetrol Probability Of Bankruptcy

    
  Less than 5%  
Most of Ecopetrol'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, Ecopetrol SA ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Ecopetrol 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 Ecopetrol 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 Ecopetrol SA ADR financial health.
Is Ecopetrol'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 Ecopetrol. If investors know Ecopetrol 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 Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Earnings Share
2.46
Revenue Per Share
34.8 K
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0881
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol'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 Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol'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 Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.

Ecopetrol Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Ecopetrol is extremely important. It helps to project a fair market value of Ecopetrol Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Ecopetrol's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ecopetrol's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ecopetrol's interrelated accounts and indicators.
0.660.760.890.950.750.790.790.96-0.13-0.09-0.380.990.990.940.520.82-0.170.90.280.940.590.930.930.840.620.770.860.9-0.62
0.660.680.310.450.830.510.230.69-0.40.530.260.580.730.71-0.230.18-0.640.350.470.58-0.10.440.610.490.530.790.640.71-0.52
0.760.680.470.590.750.940.450.65-0.20.30.040.660.740.580.320.39-0.410.450.280.620.380.550.530.610.280.450.670.55-0.14
0.890.310.470.940.540.610.90.880.02-0.43-0.660.930.850.870.730.970.110.970.160.880.740.960.890.810.620.60.780.81-0.61
0.950.450.590.940.560.690.840.93-0.01-0.3-0.560.980.930.910.670.930.010.970.210.930.710.950.930.870.60.720.830.87-0.59
0.750.830.750.540.560.70.440.78-0.220.20.010.680.810.760.080.42-0.490.510.460.740.160.640.690.570.450.680.720.71-0.44
0.790.510.940.610.690.70.570.71-0.140.01-0.190.730.760.610.530.55-0.220.580.260.730.510.640.580.710.210.420.720.55-0.08
0.790.230.450.90.840.440.570.73-0.04-0.38-0.560.820.730.780.640.83-0.010.860.230.70.640.830.670.790.410.380.710.77-0.4
0.960.690.650.880.930.780.710.73-0.15-0.13-0.40.970.980.970.450.82-0.190.90.350.980.50.910.960.860.660.860.90.93-0.65
-0.13-0.4-0.20.02-0.01-0.22-0.14-0.04-0.15-0.53-0.47-0.09-0.11-0.190.370.170.350.06-0.48-0.110.31-0.01-0.09-0.11-0.07-0.23-0.18-0.110.07
-0.090.530.3-0.43-0.30.20.01-0.38-0.13-0.530.9-0.2-0.06-0.08-0.61-0.55-0.72-0.420.49-0.24-0.51-0.32-0.17-0.170.040.11-0.05-0.060.02
-0.380.260.04-0.66-0.560.01-0.19-0.56-0.4-0.470.9-0.48-0.35-0.36-0.7-0.75-0.68-0.660.49-0.46-0.67-0.57-0.46-0.43-0.29-0.18-0.33-0.330.28
0.990.580.660.930.980.680.730.820.97-0.09-0.2-0.480.970.950.580.88-0.070.950.240.950.640.950.950.870.640.770.860.9-0.63
0.990.730.740.850.930.810.760.730.98-0.11-0.06-0.350.970.960.450.79-0.220.880.320.950.510.90.940.840.650.840.880.92-0.64
0.940.710.580.870.910.760.610.780.97-0.19-0.08-0.360.950.960.370.78-0.230.890.380.910.430.90.940.860.730.860.90.97-0.72
0.52-0.230.320.730.670.080.530.640.450.37-0.61-0.70.580.450.370.830.40.72-0.090.540.860.650.490.570.260.120.450.33-0.13
0.820.180.390.970.930.420.550.830.820.17-0.55-0.750.880.790.780.830.250.970.060.850.80.930.850.760.590.560.70.73-0.58
-0.17-0.64-0.410.110.01-0.49-0.22-0.01-0.190.35-0.72-0.68-0.07-0.22-0.230.40.250.1-0.77-0.080.330.03-0.05-0.14-0.04-0.23-0.25-0.330.01
0.90.350.450.970.970.510.580.860.90.06-0.42-0.660.950.880.890.720.970.10.180.90.690.950.920.850.650.690.80.86-0.64
0.280.470.280.160.210.460.260.230.35-0.480.490.490.240.320.38-0.090.06-0.770.180.31-0.190.170.240.370.140.340.420.4-0.09
0.940.580.620.880.930.740.730.70.98-0.11-0.24-0.460.950.950.910.540.85-0.080.90.310.570.910.950.840.570.810.860.85-0.56
0.59-0.10.380.740.710.160.510.640.50.31-0.51-0.670.640.510.430.860.80.330.69-0.190.570.750.570.510.310.180.450.39-0.25
0.930.440.550.960.950.640.640.830.91-0.01-0.32-0.570.950.90.90.650.930.030.950.170.910.750.940.80.670.690.810.85-0.66
0.930.610.530.890.930.690.580.670.96-0.09-0.17-0.460.950.940.940.490.85-0.050.920.240.950.570.940.80.790.890.840.88-0.77
0.840.490.610.810.870.570.710.790.86-0.11-0.17-0.430.870.840.860.570.76-0.140.850.370.840.510.80.80.580.670.970.84-0.35
0.620.530.280.620.60.450.210.410.66-0.070.04-0.290.640.650.730.260.59-0.040.650.140.570.310.670.790.580.790.660.69-0.85
0.770.790.450.60.720.680.420.380.86-0.230.11-0.180.770.840.860.120.56-0.230.690.340.810.180.690.890.670.790.750.82-0.78
0.860.640.670.780.830.720.720.710.9-0.18-0.05-0.330.860.880.90.450.7-0.250.80.420.860.450.810.840.970.660.750.86-0.42
0.90.710.550.810.870.710.550.770.93-0.11-0.06-0.330.90.920.970.330.73-0.330.860.40.850.390.850.880.840.690.820.86-0.68
-0.62-0.52-0.14-0.61-0.59-0.44-0.08-0.4-0.650.070.020.28-0.63-0.64-0.72-0.13-0.580.01-0.64-0.09-0.56-0.25-0.66-0.77-0.35-0.85-0.78-0.42-0.68
Click cells to compare fundamentals
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, Ecopetrol SA ADR has a Probability Of Bankruptcy of 5.0%. This is 89.63% lower than that of the Oil, Gas & Consumable Fuels sector and 88.4% lower than that of the Energy industry. The probability of bankruptcy for all United States stocks is 87.45% higher than that of the company.

Ecopetrol Probability Of Bankruptcy Peer Comparison

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

Ecopetrol Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.09360.10.02420.06410.06750.0964
Asset Turnover0.460.540.520.360.380.56
Net Debt31.2T41.6T80.5T99.7T93.5T98.2T
Total Current Liabilities21.7T18.3T30.2T56.8T43.6T45.7T
Non Current Liabilities Total53.4T65.3T120.2T130.5T135.6T142.4T
Total Assets135.4T139.4T244.3T306.4T282.3T296.4T
Total Current Assets23.4T22.8T51.7T77.3T68.6T72.0T
Total Cash From Operating Activities27.7T9.2T22.5T36.2T15.6T16.8T

Ecopetrol Fundamentals

About Ecopetrol Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ecopetrol SA ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ecopetrol using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ecopetrol SA ADR 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.
The company operates through four segments Exploration and Production Transport and Logistics Refining, Petrochemical and Biofuels and Electric Power Transmission and Toll Roads Concessions. Ecopetrol S.A. was incorporated in 1948 and is based in Bogot, Colombia. Ecopetrol is traded on New York Stock Exchange in the United States.

Pair Trading with Ecopetrol

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

Moving against Ecopetrol Stock

  0.78PR Permian Resources Financial Report 13th of May 2024 PairCorr
  0.77IMO Imperial Oil Financial Report 26th of April 2024 PairCorr
  0.77AM Antero Midstream Partners Financial Report 24th of April 2024 PairCorr
  0.77ET Energy Transfer LP Financial Report 7th of May 2024 PairCorr
  0.72SU Suncor Energy Financial Report 13th of May 2024 PairCorr
The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol 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 Ecopetrol - 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 Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol 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 Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR 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 Ecopetrol 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
When determining whether Ecopetrol SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ecopetrol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ecopetrol Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ecopetrol Sa Adr Stock:
Check out Ecopetrol Piotroski F Score and Ecopetrol Altman Z Score analysis.
Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Ecopetrol Stock analysis

When running Ecopetrol's price analysis, check to measure Ecopetrol'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 Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Is Ecopetrol'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 Ecopetrol. If investors know Ecopetrol 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 Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Earnings Share
2.46
Revenue Per Share
34.8 K
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0881
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol'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 Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol'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 Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.