Pgd Etf Probability Of Bankruptcy

PGD's risk of distress is under 9% at the present time. It has tiny likelihood of undergoing some form of financial crunch in the near future. PGD's Probability Of Bankruptcy is determined by interpolating and adjusting PGD Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the PGD balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as various price indices.
  

PGD Probability Of Bankruptcy Analysis

PGD'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

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current PGD Probability Of Bankruptcy

    
  Less than 9%  
Most of PGD'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, PGD is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of PGD 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 PGD 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 PGD financial health.
The market value of PGD is measured differently than its book value, which is the value of PGD that is recorded on the company's balance sheet. Investors also form their own opinion of PGD's value that differs from its market value or its book value, called intrinsic value, which is PGD'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 PGD's market value can be influenced by many factors that don't directly affect PGD'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 PGD's value and its price as these two are different measures arrived at by different means. Investors typically determine if PGD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PGD'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
Based on the latest financial disclosure, PGD has a Probability Of Bankruptcy of 9.0%. This is much higher than that of the Category family and significantly higher than that of the Family category. The probability of bankruptcy for all United States etfs is notably lower than that of the firm.

PGD Probability Of Bankruptcy Peer Comparison

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

PGD Fundamentals

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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Note that the PGD information on this page should be used as a complementary analysis to other PGD'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Other Tools for PGD Etf

When running PGD's price analysis, check to measure PGD'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 PGD is operating at the current time. Most of PGD's value examination focuses on studying past and present price action to predict the probability of PGD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PGD's price. Additionally, you may evaluate how the addition of PGD to your portfolios can decrease your overall portfolio volatility.
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