Altman Z-score Archives - Fat Pitch Financials

Average annual excess returns from 2000 to 2017 for the Altman Z-Score bar chart

Altman Z-Score Backtest

March 19, 2018March 19, 2018 George 3 Comments Altman Z-score

For this backtest, I’m going to be examining the Altman Z-score. Edward I. Altman published the Z-score in 1968 to to predict the probability that a firm will go into bankrupt. The Altman Z-score is a widely used and easy to calculate formula to estimate a firm’s financial distress.