Nordex Explosives Ltd V.NXX

Not Good

[Bboomer2]

I googled "Nordex Bankrupt" and found this interesting (and disturbing) analysis of our company.

Probability Of Bankruptcy Analysis

For stocks, Probability Of Bankruptcy is 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 probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.

 

Nordex Explosives 

Probability Of Bankruptcy

=

Normalized

Z-Score

 = 

76.9 %

 

 

About Probability Of Bankruptcy

Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.

Compare Nordex Explosives to competition

Predict Nordex Explosives

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Based on latest financial disclosure Nordex Explosives Ltd has Probability Of Bankruptcy of 76%. This is 59.35% higher than that of the Basic Materials sector, and 90.82% higher than that of 

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[tayjon80]

That would be an undesirable outocme.....and how do we judge the reliability of this?

[tayjon80]

To answer my own question....Wikipedia says the Altman Z-Score is 80-90% accurate.  But macro axis says Nordex Z-Score is 0 which seems strange.  Might just have to do the calc myself.   Now we are having fun!  Thanks bb.