NYU Stern Finance Professor Edward Altman developed the Altman Z-score formula in 1967, and it was published in 1968. Over the years, Altman has continued to reevaluate his Z-score.

Figure 1: MVRV Z-Score effectiveness may be reduced due to diminishing volatility. View Live Chart 🔍. Peaks in the red zone signal overvaluation, suggesting optimal profit-taking opportunities.