Factor

X1

X2

X3

X4

X5

Z Score

Discrimination

coefficient

1.2

1.4

3.3

0.6

1

2012

0.032634

0.009647

0.059119

0.177582

2.050335

0.039161

0.013506

0.195094

0.106549

2.050335

2.404644

Gray Zone

2013

0.041921

0.016376

0.042948

0.121267

1.813248

0.050306

0.022927

0.141727

0.07276

1.813248

2.100968

Gray Zone

2014

0.049647

0.00109

0.046242

0.120763

1.980526

0.059577

0.001526

0.1526

0.072458

1.980526

2.266686

Gray Zone

2015

0.033973

0.004393

0.034466

0.08021

2.04115

0.040767

0.00615

0.113739

0.048126

2.04115

2.249932

Gray Zone

2016

−0.15565

−0.06453

−0.00265

0.045411

1.683208

−0.18678

−0.09034

−0.00876

0.027247

1.683208

1.424579

Distress Zone

2017

−0.32184

−0.09484

−0.06022

0.050802

1.397631

−0.38621

−0.13278

−0.19871

0.030481

1.397631

0.710417

Distress Zone