What is Dror Ortho-Design Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Dror Ortho-Design's Probability of Financial Distress (%) is 96.52%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of Dror Ortho-Design's Probability of Financial Distress (%)
For the Electronic Gaming & Multimedia subindustry, Dror Ortho-Design's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dror Ortho-Design's Probability of Financial Distress (%) Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Dror Ortho-Design's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where Dror Ortho-Design's Probability of Financial Distress (%) falls into.
Dror Ortho-Design Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | 3.32 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 96.52% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
Dror Ortho-Design (Dror Ortho-Design) Business Description
Traded in Other Exchanges
N/A
Address
100 Merrick Road, Suite 400W, Rockville Center, New York, NY, USA, 11570
Dror Ortho-Design Inc Formerly Novint Technologies Inc is engaged in the development and sale of 3D haptics products and equipment. The company's focus is on the consumer interactive computer gaming market, but it also does project work in other areas. Its operations are based in New Mexico with sales of its haptics products primarily to consumers through retail outlets.
Executives
| Eliyahu Haddad |
director, officer: Chief Executive Officer |
SHATNER STREET 3, JERUSALEM L3 NA |
| Chaim Ravad |
director |
SHATNER STREET 3, JERUSALEM L3 NA |
| Yehuda Englander |
director |
SHATNER STREET 3, JERUSALEM L3 NA |
| Moshe Shvets |
director, officer: Chief Technology Officer |
SHATNER STREET 3, JERUSALEM L3 NA |
| Chaim Hurvitz |
director |
C/O GALMED PHARMACEUTICALS LTD., 8 SHAUL, HAMELECH BLVD, AMOT HAMISHPAT BLDG., TEL AVIV L3 64733 |
| Orin Hirschman |
director, officer: Chief Executive Officer |
101 EAST 52ND ST, NEW YORK NY 10022 |
| Ryan Christoff |
director |
480 JOHNSON ROAD SUITE 303, WASHINGTON PA 15301 |
| Congregation Ahavas Tzdokah Vchesed Inc. |
10 percent owner, other: See Explanation of Responses |
1347 42ND STREET, BROOKLYN NY 11219 |
| Ellis International L.p. |
other: See Explanation of Responses |
100 MERRICK ROAD, SUITE 400W, ROCKVILLE CENTRE NY 11570 |
| Brian W Long |
director |
1010 OHIO RIVER BLVD., PITTSBURGH PA 15202 |
| Shannon Lee Vissman |
director, 10 percent owner |
1241 TURNBERRY DRIVE, UPPER ST. CLAIR PA 15241 |
| Jan K Richardson |
director |
1821 HILLANDALE RD., SUITE 307, DURHAM NC 27705 |
| Aigh Investment Partners, Llc |
10 percent owner |
6006 BERKELEY AVENUE, BALTIMORE MD 21209 |
| V Gerald Grafe |
director |
901 RIO GRANDE BOULEVARD NW, BUILDING H, SUITE 262, ALBUQUERQUE NM 87104 |
| Walter A Aviles |
10 percent owner, officer: Chief Technical Officer |
9620 SAN MATEO BOULEVARD NE, ALBUQUERQUE NM 87113 |
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