Ever Glory International Group Stock Probability Of Bankruptcy
| EVKDelisted Stock | USD 0.22 0.01 4.76% |
Ever |
Ever Glory International Group Company odds of financial distress Analysis
Ever Glory'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.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Ever Glory Probability Of Bankruptcy | Over 100% |
Most of Ever Glory'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, Ever Glory International Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Ever Glory 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 Ever Glory 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 Ever Glory International Group financial health.
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.
CompetitionBased on the latest financial disclosure, Ever Glory International Group has a Probability Of Bankruptcy of 100%. This is 141.6% higher than that of the Textiles, Apparel & Luxury Goods sector and 278.64% higher than that of the Consumer Discretionary industry. The probability of bankruptcy for all United States stocks is 151.07% lower than that of the firm.
Ever Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ever Glory'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 Ever Glory could also be used in its relative valuation, which is a method of valuing Ever Glory by comparing valuation metrics of similar companies.Ever Glory is currently under evaluation in probability of bankruptcy category among related companies.
Ever Fundamentals
| Return On Equity | -0.0222 | |||
| Return On Asset | -0.0025 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0) % | |||
| Current Valuation | 77.6 M | |||
| Shares Outstanding | 14.66 M | |||
| Shares Owned By Insiders | 73.10 % | |||
| Shares Owned By Institutions | 1.20 % | |||
| Number Of Shares Shorted | 6.09 K | |||
| Price To Earning | 91.50 X | |||
| Price To Book | 0.08 X | |||
| Price To Sales | 0.03 X | |||
| Revenue | 330.98 M | |||
| Gross Profit | 100.95 M | |||
| EBITDA | 11.65 M | |||
| Net Income | (92 K) | |||
| Cash And Equivalents | 35.43 M | |||
| Cash Per Share | 2.42 X | |||
| Total Debt | 105.86 M | |||
| Debt To Equity | 0.82 % | |||
| Current Ratio | 1.31 X | |||
| Book Value Per Share | 8.00 X | |||
| Cash Flow From Operations | (17.01 M) | |||
| Short Ratio | 0.07 X | |||
| Earnings Per Share | 0.01 X | |||
| Number Of Employees | 4.33 K | |||
| Beta | -0.19 | |||
| Market Capitalization | 4.31 M | |||
| Total Asset | 349.31 M | |||
| Retained Earnings | 93.81 M | |||
| Working Capital | 53.66 M | |||
| Current Asset | 200.6 M | |||
| Current Liabilities | 146.94 M | |||
| Net Asset | 349.31 M |
About Ever Glory Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ever Glory International Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ever Glory using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ever Glory International Group 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 Ever Glory
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 Ever Glory 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 Ever Glory will appreciate offsetting losses from the drop in the long position's value.Moving together with Ever Stock
| 0.73 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Ever Stock
| 0.9 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
| 0.84 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.82 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.82 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.81 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to Ever Glory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Glory 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 Ever Glory - 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 Ever Glory International Group to buy it.
The correlation of Ever Glory 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 Ever Glory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ever Glory Internati 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 Ever Glory 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in Ever Stock
If you are still planning to invest in Ever Glory Internati check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ever Glory's history and understand the potential risks before investing.
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