Eaton Vance Michigan Municipal Income Trust (EMI)
Eaton Vance Michigan Municipal Income Trust Altman Z-Score
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About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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EMI News
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| EMI | 13.53 | +0.05 | +0.37% | |
| EMFN | 21.58 | -0.26 | -1.19% | |
| EMF | 16.59 | -0.05 | -0.30% | |
| EMEY | 40.02 | +0.00 | +0.00% | |
| EME | 28.00 | +0.08 | +0.29% | 1.864B |
| EMCI | 20.24 | +0.32 | +1.61% | 260.69M |
| EMC | 24.24 | +0.01 | +0.04% | 50.22B |
| EMAN | 2.92 | +0.06 | +2.10% | 68.71M |
| ELY | 5.40 | +0.05 | +0.93% | 351.11M |
| ELS | 66.54 | -0.48 | -0.72% | 2.748B |
