Clarus Corp Stock Probability Of Bankruptcy
| CLAR Stock | USD 6.45 0.17 2.71% |
Clarus | Probability Of Bankruptcy |
Clarus Corp Company probability of distress Analysis
Clarus Corp'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 Clarus Corp Probability Of Bankruptcy | Less than 35% |
Most of Clarus Corp'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, Clarus Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Clarus Corp 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 Clarus Corp 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 Clarus Corp financial health.
Is Clarus Corp'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 Clarus Corp. If investors know Clarus 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 Clarus Corp 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 (0.69) | Dividend Share 0.1 | Earnings Share (0.42) | Revenue Per Share 7.63 | Quarterly Revenue Growth (0.14) |
The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp'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 Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clarus Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.
Clarus Probability Of Bankruptcy Driver Correlations
Understanding the fundamental principles of building solid financial models for Clarus Corp is extremely important. It helps to project a fair market value of Clarus Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Clarus Corp'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 Clarus Corp'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 Clarus Corp'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, Clarus Corp has a Probability Of Bankruptcy of 35.0%. This is 15.44% lower than that of the Leisure Products sector and 9.96% lower than that of the Consumer Discretionary industry. The probability of bankruptcy for all United States stocks is 12.13% higher than that of the company.
Clarus Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Clarus Corp'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 Clarus Corp could also be used in its relative valuation, which is a method of valuing Clarus Corp by comparing valuation metrics of similar companies.Clarus Corp is currently under evaluation in probability of bankruptcy category among related companies.
Clarus Corp Main Bankruptcy Drivers
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Return On Assets | 0.0824 | 0.0198 | 0.0413 | (0.13) | (0.0205) | (0.0215) | |
| Net Debt | 21.0M | 16.8M | 122.1M | 127.0M | 124.7M | 130.9M | |
| Total Current Liabilities | 24.6M | 39.6M | 73.0M | 64.6M | 170.9M | 179.5M | |
| Non Current Liabilities Total | 24.5M | 36.5M | 188.7M | 161.4M | 32.3M | 33.8M | |
| Total Assets | 230.3M | 280.7M | 631.8M | 518.1M | 495.3M | 520.1M | |
| Total Current Assets | 120.9M | 142.1M | 226.9M | 238.6M | 299.7M | 314.7M | |
| Total Cash From Operating Activities | 9.5M | 29.4M | (304K) | 14.6M | 31.9M | 33.5M |
Clarus Fundamentals
| Return On Equity | -0.0541 | ||||
| Return On Asset | -0.0233 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | (0.11) % | ||||
| Current Valuation | 364.8 M | ||||
| Shares Outstanding | 38.24 M | ||||
| Shares Owned By Insiders | 9.16 % | ||||
| Shares Owned By Institutions | 90.71 % | ||||
| Number Of Shares Shorted | 2.3 M | ||||
| Price To Earning | 43.72 X | ||||
| Price To Book | 0.80 X | ||||
| Price To Sales | 0.81 X | ||||
| Revenue | 286.02 M | ||||
| Gross Profit | 163.69 M | ||||
| EBITDA | 3.75 M | ||||
| Net Income | (10.15 M) | ||||
| Cash And Equivalents | 13.89 M | ||||
| Cash Per Share | 0.37 X | ||||
| Total Debt | 136 M | ||||
| Debt To Equity | 0.45 % | ||||
| Current Ratio | 3.63 X | ||||
| Book Value Per Share | 7.66 X | ||||
| Cash Flow From Operations | 31.92 M | ||||
| Short Ratio | 9.14 X | ||||
| Earnings Per Share | (0.42) X | ||||
| Price To Earnings To Growth | 6.05 X | ||||
| Target Price | 7.25 | ||||
| Number Of Employees | 500 | ||||
| Beta | 0.9 | ||||
| Market Capitalization | 240.7 M | ||||
| Total Asset | 495.34 M | ||||
| Retained Earnings | (350.74 M) | ||||
| Working Capital | 128.81 M | ||||
| Current Asset | 21.6 M | ||||
| Current Liabilities | 97.57 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 495.34 M | ||||
| Last Dividend Paid | 0.1 |
About Clarus Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Clarus Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clarus Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clarus Corp 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.
Clarus Corp Investors Sentiment
The influence of Clarus Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Clarus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Clarus Corp's public news can be used to forecast risks associated with an investment in Clarus. The trend in average sentiment can be used to explain how an investor holding Clarus can time the market purely based on public headlines and social activities around Clarus Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Clarus Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Clarus Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Clarus Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Clarus Corp.
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 Clarus Corp 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, Clarus Corp's short interest history, or implied volatility extrapolated from Clarus Corp options trading.
Pair Trading with Clarus Corp
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 Clarus Corp 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 Clarus Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Clarus Stock
| 0.58 | VMAR | Vision Marine Techno Financial Report 11th of July 2024 | PairCorr |
| 0.54 | UA | Under Armour C Earnings Call This Week | PairCorr |
| 0.53 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
| 0.49 | ESCA | Escalade Incorporated Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Clarus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarus Corp 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 Clarus Corp - 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 Clarus Corp to buy it.
The correlation of Clarus Corp 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 Clarus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarus Corp 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 Clarus Corp 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 Clarus Corp Piotroski F Score and Clarus Corp Altman Z Score analysis. To learn how to invest in Clarus Stock, please use our How to Invest in Clarus Corp guide.Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Clarus Stock analysis
When running Clarus Corp's price analysis, check to measure Clarus Corp'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 Clarus Corp is operating at the current time. Most of Clarus Corp's value examination focuses on studying past and present price action to predict the probability of Clarus Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clarus Corp's price. Additionally, you may evaluate how the addition of Clarus Corp to your portfolios can decrease your overall portfolio volatility.
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Is Clarus Corp'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 Clarus Corp. If investors know Clarus 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 Clarus Corp 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 (0.69) | Dividend Share 0.1 | Earnings Share (0.42) | Revenue Per Share 7.63 | Quarterly Revenue Growth (0.14) |
The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp'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 Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clarus Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.