Ocwen Financial Corporation (OCN)
Ocwen Financial Corporation 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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OCN News
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about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
about 15 days ago by hermosura10
May 03, 6:45AM GlobeNewswire
Apr 18, 2:21PM GlobeNewswire
Mar 19, 1:38PM The Wall Street Journal
Mar 15, 7:53AM Street Insider
Mar 15, 7:51AM GlobeNewswire
Mar 07, 12:44PM GlobeNewswire
Mar 01, 8:15PM BusinessWeek
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| OCN | 16.06 | -0.03 | -0.19% | 2.092B |
| OCLS | 0.7309 | -0.03 | -3.83% | 22.06M |
| OCLRD | 2.51 | -0.13 | -4.92% | |
| OCLR | 2.51 | -0.13 | -4.92% | 135.85M |
| OCFC | 14.15 | -0.28 | -1.94% | 267.97M |
| OCC | 2.66 | -0.20 | -6.99% | 17.90M |
| OC | 30.72 | -1.21 | -3.79% | 3.879B |
| OBT | 4.50 | +0.20 | +4.65% | 13.03M |
| OBCI | 2.14 | +0.00 | +0.00% | 17.36M |
| OBAS | 1.21 | +0.00 | +0.00% | 23.06M |