{"id":1212,"date":"2025-11-23T18:15:59","date_gmt":"2025-11-23T18:15:59","guid":{"rendered":"http:\/\/\/glossary-item\/%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score\/"},"modified":"2025-12-18T14:42:31","modified_gmt":"2025-12-18T14:42:31","slug":"%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score","status":"publish","type":"glossary-item","link":"https:\/\/damanacademy.fireart-dev.com\/ar\/glossary-item\/%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score\/","title":{"rendered":"\u0646\u0645\u0648\u0630\u062c Z-score (\u0645\u0624\u0634\u0631 \u0623\u0644\u062a\u0645\u0646 Z-score)"},"content":{"rendered":"

\u0646\u0645\u0648\u0630\u062c Z-score\u060c \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u063a\u0627\u0644\u0628\u064b\u0627 \u0628\u0627\u0633\u0645 Altman Z-score\u060c \u0647\u0648 \u0635\u064a\u063a\u0629 \u0645\u0627\u0644\u064a\u0629 \u062a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u0625\u0641\u0644\u0627\u0633 \u0634\u0631\u0643\u0629. \u062a\u0645 \u062a\u0637\u0648\u064a\u0631\u0647 \u0641\u064a \u0639\u0627\u0645 1968 \u0628\u0648\u0627\u0633\u0637\u0629 \u0625\u062f\u0648\u0627\u0631\u062f \u0623\u0644\u062a\u0645\u0627\u0646\u060c \u0623\u0633\u062a\u0627\u0630 \u0641\u064a \u062c\u0627\u0645\u0639\u0629 \u0646\u064a\u0648\u064a\u0648\u0631\u0643\u060c \u0648\u064a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0646\u0633\u0628 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u0629 \u0648\u0628\u064a\u0627\u0646 \u0627\u0644\u062f\u062e\u0644 \u0644\u0644\u0634\u0631\u0643\u0629 \u0644\u062a\u0642\u064a\u064a\u0645 \u0635\u062d\u062a\u0647\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062e\u0627\u0635\u0629 \u0623\u0648\u0644\u0626\u0643 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0639\u0627\u0645\u0644\u0648\u0646 \u0645\u0639 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u060c \u0641\u0625\u0646 \u0641\u0647\u0645 Z-score \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0628\u0645\u062b\u0627\u0628\u0629 \u0646\u0638\u0627\u0645 \u0625\u0646\u0630\u0627\u0631 \u0645\u0628\u0643\u0631\u060c \u064a\u0633\u0627\u0639\u062f \u0641\u064a \u062a\u062c\u0646\u0628 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u062e\u0637\u0631\u0629 \u0641\u064a \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0638\u0647\u0631 \u0639\u0644\u0627\u0645\u0627\u062a \u0639\u0644\u0649 \u0636\u0627\u0626\u0642\u0629 \u0645\u0627\u0644\u064a\u0629.<\/p>\n

\u0641\u064a \u062c\u0648\u0647\u0631\u0647\u060c \u064a\u062c\u0645\u0639 Altman Z-score \u0628\u064a\u0646 \u062e\u0645\u0633\u0629 \u0646\u0633\u0628 \u0645\u0627\u0644\u064a\u0629\u060c \u0645\u0648\u0632\u0648\u0646\u0629 \u0628\u0645\u0639\u0627\u0645\u0644\u0627\u062a\u060c \u0644\u064a\u062e\u0631\u062c \u0628\u0646\u062a\u064a\u062c\u0629 \u0648\u0627\u062d\u062f\u0629. \u0627\u0644\u0635\u064a\u063a\u0629 \u0627\u0644\u0623\u0635\u0644\u064a\u0629 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u0629 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0639\u0644\u0646\u064b\u0627 \u0647\u064a:<\/p>\n

\u0627\u0644\u0635\u064a\u063a\u0629: Z = 1.2T1 + 1.4T2 + 3.3T3 + 0.6T4 + 1.0T5
\n\u062d\u064a\u062b:<\/p>\n

– T1 = \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0639\u0627\u0645\u0644 \/ \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0635\u0648\u0644
\n– T2 = \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0627\u0644\u0645\u062d\u062a\u062c\u0632\u0629 \/ \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0635\u0648\u0644
\n– T3 = \u0627\u0644\u0623\u0631\u0628\u0627\u062d \u0642\u0628\u0644 \u0627\u0644\u0641\u0648\u0627\u0626\u062f \u0648\u0627\u0644\u0636\u0631\u0627\u0626\u0628 (EBIT) \/ \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0635\u0648\u0644
\n– T4 = \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0644\u0644\u0623\u0633\u0647\u0645 \/ \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a
\n– T5 = \u0627\u0644\u0645\u0628\u064a\u0639\u0627\u062a \/ \u0625\u062c\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0635\u0648\u0644<\/p>\n

\u062a\u0641\u0633\u064a\u0631 Z-score \u0628\u0633\u064a\u0637: \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u062a\u064a \u062a\u0632\u064a\u062f \u0639\u0646 2.99 \u062a\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0634\u0631\u0643\u0629 \u062a\u062a\u0645\u062a\u0639 \u0628\u0635\u062d\u0629 \u0645\u0627\u0644\u064a\u0629 \u062c\u064a\u062f\u0629\u060c \u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u062a\u064a \u062a\u0642\u0644 \u0639\u0646 1.81 \u062a\u062f\u0644 \u0639\u0644\u0649 \u062e\u0637\u0631 \u0625\u0641\u0644\u0627\u0633 \u0645\u0631\u062a\u0641\u0639\u060c \u0648\u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0628\u064a\u0646 \u0647\u0630\u064a\u0646 \u0627\u0644\u0631\u0642\u0645\u064a\u0646 \u062a\u0642\u0639 \u0641\u064a \u0645\u0646\u0637\u0642\u0629 \u0631\u0645\u0627\u062f\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0633\u062a\u062f\u0639\u064a \u0627\u0644\u062d\u0630\u0631.<\/p>\n

\u0644\u062a\u0648\u0636\u064a\u062d \u0630\u0644\u0643\u060c \u0644\u0646\u0641\u062a\u0631\u0636 \u0623\u0646 \u0645\u062a\u062f\u0627\u0648\u0644\u064b\u0627 \u064a\u062d\u0644\u0644 \u0633\u0647\u0645\u064a\u0646 \u0641\u064a \u0642\u0637\u0627\u0639 \u0627\u0644\u0633\u064a\u0627\u0631\u0627\u062a: \u0627\u0644\u0634\u0631\u0643\u0629 \u0623 \u0648\u0627\u0644\u0634\u0631\u0643\u0629 \u0628. Z-score \u0644\u0644\u0634\u0631\u0643\u0629 \u0623 \u0647\u0648 3.5\u060c \u0628\u064a\u0646\u0645\u0627 \u0644\u0644\u0634\u0631\u0643\u0629 \u0628 \u0647\u0648 1.5. \u062d\u062a\u0649 \u0644\u0648 \u0628\u062f\u0627 \u0633\u0639\u0631 \u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0629 \u0628 \u062c\u0630\u0627\u0628\u064b\u0627 \u0628\u0633\u0628\u0628 \u0627\u0646\u062e\u0641\u0627\u0636 \u062d\u062f\u064a\u062b\u060c \u0641\u0625\u0646 Z-score \u0627\u0644\u0645\u0646\u062e\u0641\u0636 \u064a\u062d\u0630\u0631 \u0645\u0646 \u062e\u0637\u0631 \u0627\u0644\u0625\u0641\u0644\u0627\u0633 \u0627\u0644\u0645\u062d\u062a\u0645\u0644. \u0642\u062f \u064a\u0642\u0631\u0631 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0630\u064a \u064a\u0633\u062a\u062e\u062f\u0645 \u0639\u0642\u0648\u062f \u0627\u0644\u0641\u0631\u0648\u0642\u0627\u062a (CFDs) \u0628\u064a\u0639 \u0633\u0647\u0645 \u0627\u0644\u0634\u0631\u0643\u0629 \u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0643\u0634\u0648\u0641 \u0623\u0648 \u062a\u062c\u0646\u0628\u0647 \u062a\u0645\u0627\u0645\u064b\u0627\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0631\u0649 \u0627\u0644\u0634\u0631\u0643\u0629 \u0623 \u0643\u062e\u064a\u0627\u0631 \u0623\u0643\u062b\u0631 \u0623\u0645\u0627\u0646\u064b\u0627 \u0644\u0644\u0634\u0631\u0627\u0621.<\/p>\n

\u0645\u0646 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0627\u0644\u0634\u0627\u0626\u0639\u0629 \u0623\u0646 Z-score \u0647\u0648 \u0643\u0631\u0629 \u0628\u0644\u0648\u0631\u064a\u0629 \u0644\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u0644\u0625\u0641\u0644\u0627\u0633. \u0631\u063a\u0645 \u0623\u0646\u0647 \u0623\u062f\u0627\u0629 \u062a\u0646\u0628\u0624\u064a\u0629 \u0642\u0648\u064a\u0629\u060c \u0625\u0644\u0627 \u0623\u0646\u0647 \u0644\u064a\u0633 \u0645\u0639\u0635\u0648\u0645\u064b\u0627 \u0645\u0646 \u0627\u0644\u062e\u0637\u0623. \u062a\u0645 \u062a\u0637\u0648\u064a\u0631 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0623\u0635\u0644\u0627\u064b \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u0629 \u0648\u0642\u062f \u0644\u0627 \u064a\u0643\u0648\u0646 \u0641\u0639\u0627\u0644\u064b\u0627 \u0628\u0646\u0641\u0633 \u0627\u0644\u0642\u062f\u0631 \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u0642\u0637\u0627\u0639\u0627\u062a \u0623\u062e\u0631\u0649 \u0645\u062b\u0644 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0623\u0648 \u0627\u0644\u0628\u0646\u0648\u0643 \u062f\u0648\u0646 \u062a\u0639\u062f\u064a\u0644\u0627\u062a. \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u0642\u062f\u0645 \u0623\u0644\u062a\u0645\u0627\u0646 \u0646\u0641\u0633\u0647 \u0646\u0633\u062e\u064b\u0627 \u0645\u0639\u062f\u0644\u0629 \u0645\u0646 Z-score \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629 \u0648\u063a\u064a\u0631 \u0627\u0644\u0635\u0646\u0627\u0639\u064a\u0629. \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0623\u0646 \u064a\u0643\u0648\u0646\u0648\u0627 \u0639\u0644\u0649 \u062f\u0631\u0627\u064a\u0629 \u0628\u0623\u0646 \u0627\u0644\u0627\u0639\u062a\u0645\u0627\u062f \u0641\u0642\u0637 \u0639\u0644\u0649 Z-score\u060c \u062f\u0648\u0646 \u0627\u0644\u0646\u0638\u0631 \u0641\u064a \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0648\u0633\u0639\u060c \u0648\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0627\u0635\u0629 \u0628\u0627\u0644\u0642\u0637\u0627\u0639\u060c \u0623\u0648 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0646\u0648\u0639\u064a\u0629\u060c \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0642\u0631\u0627\u0631\u0627\u062a \u062e\u0627\u0637\u0626\u0629.<\/p>\n

\u062e\u0637\u0623 \u0634\u0627\u0626\u0639 \u0622\u062e\u0631 \u0647\u0648 \u0633\u0648\u0621 \u0641\u0647\u0645 \u0645\u0643\u0648\u0646\u0627\u062a \u0627\u0644\u0635\u064a\u063a\u0629. \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0644\u0644\u0623\u0633\u0647\u0645 (T4) \u064a\u0645\u0643\u0646 \u0623\u0646 \u062a\u062a\u0642\u0644\u0628 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 \u0645\u0639 \u0645\u0632\u0627\u062c \u0627\u0644\u0633\u0648\u0642\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u0634\u0648\u0647 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u0642\u0644\u0628. \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0630\u0644\u0643\u060c \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0628\u064a\u0627\u0646\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0642\u062f\u064a\u0645\u0629 \u0623\u0648 \u063a\u064a\u0631 \u062f\u0642\u064a\u0642\u0629 \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0646\u062a\u0627\u0626\u062c \u0645\u0636\u0644\u0644\u0629. \u064a\u062c\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u062f\u0627\u0626\u0645\u064b\u0627 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0623\u062d\u062f\u062b \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0648\u0627\u0644\u0646\u0638\u0631 \u0641\u064a \u062a\u0643\u0645\u0644\u0629 Z-score \u0628\u0623\u062f\u0648\u0627\u062a \u062a\u062d\u0644\u064a\u0644 \u0645\u0627\u0644\u064a \u0623\u062e\u0631\u0649 \u0645\u062b\u0644 \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u062a\u062f\u0641\u0642 \u0627\u0644\u0646\u0642\u062f\u064a \u0623\u0648 \u0646\u0633\u0628 \u062a\u063a\u0637\u064a\u0629 \u0627\u0644\u062f\u064a\u0646.<\/p>\n

\u0627\u0644\u0627\u0633\u062a\u0641\u0633\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u0639\u0644\u0642\u0629 \u0627\u0644\u062a\u064a \u064a\u0628\u062d\u062b \u0639\u0646\u0647\u0627 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0648\u0646 \u0643\u062b\u064a\u0631\u064b\u0627 \u062a\u0634\u0645\u0644: “\u0643\u064a\u0641\u064a\u0629 \u062d\u0633\u0627\u0628 Altman Z-score \u0644\u0644\u0623\u0633\u0647\u0645”\u060c “\u062f\u0642\u0629 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u0644\u0625\u0641\u0644\u0627\u0633 \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 Z-score”\u060c “Altman Z-score \u0644\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062e\u0627\u0635\u0629”\u060c \u0648”\u0627\u0633\u062a\u062e\u062f\u0627\u0645 Z-score \u0641\u064a \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644”. \u062a\u0639\u0643\u0633 \u0647\u0630\u0647 \u0627\u0644\u0627\u0647\u062a\u0645\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0632\u0627\u064a\u062f\u0629 \u0641\u064a \u062f\u0645\u062c \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0635\u062d\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0643\u0645\u064a\u0629 \u0636\u0645\u0646 \u0642\u0631\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u062e\u0627\u0635\u0629 \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u062a\u0642\u0644\u0628\u0629.<\/p>\n

\u0628\u0627\u062e\u062a\u0635\u0627\u0631\u060c \u0646\u0645\u0648\u0630\u062c Altman Z-score \u0647\u0648 \u0623\u062f\u0627\u0629 \u0642\u064a\u0645\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0647\u062f\u0641\u0648\u0646 \u0625\u0644\u0649 \u062a\u0642\u064a\u064a\u0645 \u062e\u0637\u0631 \u0627\u0644\u0625\u0641\u0644\u0627\u0633 \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0646\u0633\u0628 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0639\u0646\u062f \u062a\u0637\u0628\u064a\u0642\u0647 \u0628\u0634\u0643\u0644 \u0635\u062d\u064a\u062d \u0648\u0628\u0627\u0644\u0627\u0642\u062a\u0631\u0627\u0646 \u0645\u0639 \u0637\u0631\u0642 \u062a\u062d\u0644\u064a\u0644\u064a\u0629 \u0623\u062e\u0631\u0649\u060c \u064a\u0645\u0643\u0646 \u0623\u0646 \u064a\u0639\u0632\u0632 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u064a\u062d\u0633\u0646 \u0646\u062a\u0627\u0626\u062c \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u0645\u0646 \u0627\u0644\u0636\u0631\u0648\u0631\u064a \u0641\u0647\u0645 \u062d\u062f\u0648\u062f\u0647 \u0648\u062a\u0643\u064a\u064a\u0641 \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0647 \u062d\u0633\u0628 \u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0648\u062c\u0648\u062f\u0629 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a.<\/p>\n","protected":false},"excerpt":{"rendered":"\u0646\u0645\u0648\u0630\u062c Z-score\u060c \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u063a\u0627\u0644\u0628\u064b\u0627 \u0628\u0627\u0633\u0645 Altman Z-score\u060c \u0647\u0648 \u0635\u064a\u063a\u0629 \u0645\u0627\u0644\u064a\u0629 \u062a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u0625\u0641\u0644\u0627\u0633 \u0634\u0631\u0643\u0629. \u062a\u0645 \u062a\u0637\u0648\u064a\u0631\u0647 \u0641\u064a \u0639\u0627\u0645 1968 \u0628\u0648\u0627\u0633\u0637\u0629 \u0625\u062f\u0648\u0627\u0631\u062f \u0623\u0644\u062a\u0645\u0627\u0646\u060c \u0623\u0633\u062a\u0627\u0630 \u0641\u064a \u062c\u0627\u0645\u0639\u0629 \u0646\u064a\u0648\u064a\u0648\u0631\u0643\u060c \u0648\u064a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0646\u0633\u0628 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u0629 \u0648\u0628\u064a\u0627\u0646 \u0627\u0644\u062f\u062e\u0644 \u0644\u0644\u0634\u0631\u0643\u0629 \u0644\u062a\u0642\u064a\u064a\u0645 \u0635\u062d\u062a\u0647\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062e\u0627\u0635\u0629 \u0623\u0648\u0644\u0626\u0643 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0639\u0627\u0645\u0644\u0648\u0646 \u0645\u0639 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 […]","protected":false},"template":"","meta":{"_acf_changed":false},"glossary-category":[],"class_list":["post-1212","glossary-item","type-glossary-item","status-publish","hentry"],"acf":[],"yoast_head":"\n\u0646\u0645\u0648\u0630\u062c Z-score (\u0645\u0624\u0634\u0631 \u0623\u0644\u062a\u0645\u0646 Z-score) - Daman Markets Academy<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u0646\u0645\u0648\u0630\u062c Z-score (\u0645\u0624\u0634\u0631 \u0623\u0644\u062a\u0645\u0646 Z-score) - Daman Markets Academy\" \/>\n<meta property=\"og:description\" content=\"\u0646\u0645\u0648\u0630\u062c Z-score\u060c \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u063a\u0627\u0644\u0628\u064b\u0627 \u0628\u0627\u0633\u0645 Altman Z-score\u060c \u0647\u0648 \u0635\u064a\u063a\u0629 \u0645\u0627\u0644\u064a\u0629 \u062a\u0647\u062f\u0641 \u0625\u0644\u0649 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u062d\u062a\u0645\u0627\u0644\u064a\u0629 \u0625\u0641\u0644\u0627\u0633 \u0634\u0631\u0643\u0629. \u062a\u0645 \u062a\u0637\u0648\u064a\u0631\u0647 \u0641\u064a \u0639\u0627\u0645 1968 \u0628\u0648\u0627\u0633\u0637\u0629 \u0625\u062f\u0648\u0627\u0631\u062f \u0623\u0644\u062a\u0645\u0627\u0646\u060c \u0623\u0633\u062a\u0627\u0630 \u0641\u064a \u062c\u0627\u0645\u0639\u0629 \u0646\u064a\u0648\u064a\u0648\u0631\u0643\u060c \u0648\u064a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0646\u0645\u0648\u0630\u062c \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0646\u0633\u0628 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u0645\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u064a\u0632\u0627\u0646\u064a\u0629 \u0627\u0644\u0639\u0645\u0648\u0645\u064a\u0629 \u0648\u0628\u064a\u0627\u0646 \u0627\u0644\u062f\u062e\u0644 \u0644\u0644\u0634\u0631\u0643\u0629 \u0644\u062a\u0642\u064a\u064a\u0645 \u0635\u062d\u062a\u0647\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629. \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0648\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646\u060c \u062e\u0627\u0635\u0629 \u0623\u0648\u0644\u0626\u0643 \u0627\u0644\u0630\u064a\u0646 \u064a\u062a\u0639\u0627\u0645\u0644\u0648\u0646 \u0645\u0639 \u0627\u0644\u0623\u0633\u0647\u0645 \u0623\u0648 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/damanacademy.fireart-dev.com\/ar\/glossary-item\/%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score\/\" \/>\n<meta property=\"og:site_name\" content=\"Daman Markets Academy\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T14:42:31+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/damanacademy.fireart-dev.com\/ar\/glossary-item\/%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score\/\",\"url\":\"https:\/\/damanacademy.fireart-dev.com\/ar\/glossary-item\/%d9%86%d9%85%d9%88%d8%b0%d8%ac-z-score-%d9%85%d8%a4%d8%b4%d8%b1-%d8%a3%d9%84%d8%aa%d9%85%d9%86-z-score\/\",\"name\":\"\u0646\u0645\u0648\u0630\u062c Z-score (\u0645\u0624\u0634\u0631 \u0623\u0644\u062a\u0645\u0646 Z-score) - 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