Tenx Keane Acquisition Stock Probability Of Bankruptcy
| TENKU Stock | USD 12.00 0.00 0.00% |
TenX |
TenX Keane Acquisition Company probability of financial unrest Analysis
TenX Keane'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 TenX Keane Probability Of Bankruptcy | Over 63% |
Most of TenX Keane'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, TenX Keane Acquisition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of TenX Keane 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 TenX Keane 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 TenX Keane Acquisition financial health.
Is Asset Management & Custody Banks space 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 TenX Keane. If investors know TenX 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 TenX Keane 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 0.02 | Return On Assets (0.01) | Return On Equity 2.2708 |
The market value of TenX Keane Acquisition is measured differently than its book value, which is the value of TenX that is recorded on the company's balance sheet. Investors also form their own opinion of TenX Keane's value that differs from its market value or its book value, called intrinsic value, which is TenX Keane'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 TenX Keane's market value can be influenced by many factors that don't directly affect TenX Keane'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 TenX Keane's value and its price as these two are different measures arrived at by different means. Investors typically determine if TenX Keane is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TenX Keane'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.
TenX Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for TenX Keane is extremely important. It helps to project a fair market value of TenX Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since TenX Keane'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 TenX Keane'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 TenX Keane's interrelated accounts and indicators.
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, TenX Keane Acquisition has a Probability Of Bankruptcy of 63%. This is 26.18% higher than that of the Capital Markets sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all United States stocks is 58.17% lower than that of the firm.
TenX Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TenX Keane'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 TenX Keane could also be used in its relative valuation, which is a method of valuing TenX Keane by comparing valuation metrics of similar companies.TenX Keane is currently under evaluation in probability of bankruptcy category among its peers.
TenX Keane ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TenX Keane's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TenX Keane's managers, analysts, and investors.Environmental | Governance | Social |
TenX Fundamentals
| Return On Equity | 2.27 | ||||
| Return On Asset | -0.009 | ||||
| Current Valuation | 81.86 M | ||||
| Shares Owned By Insiders | 4.40 % | ||||
| Number Of Shares Shorted | 99 | ||||
| EBITDA | (1.01 M) | ||||
| Net Income | 2.42 M | ||||
| Total Debt | 1.32 M | ||||
| Book Value Per Share | (0.37) X | ||||
| Cash Flow From Operations | (601.3 K) | ||||
| Short Ratio | 5.21 X | ||||
| Total Asset | 72.62 M | ||||
| Retained Earnings | (1.99 M) | ||||
| Working Capital | (1.99 M) | ||||
| Net Asset | 72.62 M |
About TenX Keane Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TenX Keane Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TenX Keane using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TenX Keane Acquisition 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 TenX Keane
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 TenX Keane 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 TenX Keane will appreciate offsetting losses from the drop in the long position's value.Moving together with TenX Stock
| 0.66 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.85 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
Moving against TenX Stock
| 0.67 | CG | Carlyle Group | PairCorr |
| 0.55 | IVZ | Invesco Plc Financial Report 23rd of July 2024 | PairCorr |
| 0.52 | GL | Globe Life | PairCorr |
The ability to find closely correlated positions to TenX Keane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TenX Keane 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 TenX Keane - 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 TenX Keane Acquisition to buy it.
The correlation of TenX Keane 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 TenX Keane moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TenX Keane Acquisition 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 TenX Keane 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.Additional Tools for TenX Stock Analysis
When running TenX Keane's price analysis, check to measure TenX Keane'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 TenX Keane is operating at the current time. Most of TenX Keane's value examination focuses on studying past and present price action to predict the probability of TenX Keane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TenX Keane's price. Additionally, you may evaluate how the addition of TenX Keane to your portfolios can decrease your overall portfolio volatility.