Unity Bancorp (UNTY)
Unity Bancorp 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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UNTY News
about 1321 days ago by BionicTrader
about 1324 days ago by BionicTrader
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UNTY | 6.09 | -0.04 | -0.65% | 45.73M |
| UNTD | 4.00 | +0.05 | +1.27% | 356.13M |
| UNT | 38.68 | -1.11 | -2.79% | 1.935B |
| UHS | 37.30 | -1.45 | -3.74% | 3.748B |
| UHAL | 81.60 | -2.52 | -3.00% | 1.650B |
| UGP | 20.17 | -0.25 | -1.22% | 4.037B |
| UGL | 82.62 | +6.00 | +7.83% | |
| UGI | 28.38 | -0.30 | -1.05% | 3.216B |
| UGEM | 16.10 | -0.21 | -1.32% | |
| UGA | 47.67 | -1.15 | -2.36% |
