Replies to post #41267 on A.I.M. Users Bulletin Board (AIMUSERS)

[SFSecurity]

Hi Ray,

Sort of correct, the 2012 version "... although it was designed originally for publicly held manufacturing companies with assets of more than $1 million. Later variations by Altman were designed to be applicable to privately held companies (the Altman Z'-Score) and non-manufacturing companies (the Altman Z"-Score)."

I figure that since ETFs are non-manufacturing it might well be worth calculating the Z"-Score for ETF/ETNs, at least a few, and see if, combined with other metrics such as the Piotroski F-Score, or maybe seekingalpha/AAII screenings, it might help. No clue yet, haven't done enough yet.

The label in the illustration is sort of generic and the publicly traded companies variation might be made to fit ETF/ETNs. https://en.wikipedia.org/wiki/Altman_Z-score#/media/File:Zscore.JPG

Best,

Allen