Ultra Price Book Value Ratio from 2010 to 2024
| UCTT Stock | USD 45.81 0.89 1.91% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 2.93936231 | Current Value 2.56 | Quarterly Volatility 0.77603982 |
Check Ultra Clean financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ultra Clean's main balance sheet or income statement drivers, such as Depreciation And Amortization of 64.8 M, Interest Expense of 51.2 M or Gross Profit of 291.2 M, as well as many indicators such as Price To Sales Ratio of 1.25, Dividend Yield of 5.0E-4 or PTB Ratio of 2.56. Ultra financial statements analysis is a perfect complement when working with Ultra Clean Valuation or Volatility modules.
Ultra | Price Book Value Ratio |
Latest Ultra Clean's Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Ultra Clean Holdings over the last few years. It is Ultra Clean's Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ultra Clean's overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
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Price Book Value Ratio |
| Timeline |
Ultra Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 1.99 | |
| Geometric Mean | 1.81 | |
| Coefficient Of Variation | 39.00 | |
| Mean Deviation | 0.66 | |
| Median | 2.39 | |
| Standard Deviation | 0.78 | |
| Sample Variance | 0.60 | |
| Range | 2.0943 | |
| R-Value | 0.61 | |
| Mean Square Error | 0.41 | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | 0.11 | |
| Total Sum of Squares | 8.43 |
Ultra Price Book Value Ratio History
About Ultra Clean Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Ultra Clean income statement, its balance sheet, and the statement of cash flows. Ultra Clean investors use historical funamental indicators, such as Ultra Clean's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Ultra Clean investors may use each financial statement separately, they are all related. The changes in Ultra Clean's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ultra Clean's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Ultra Clean Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Ultra Clean. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 2.94 | 2.56 |
Pair Trading with Ultra Clean
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ultra Clean position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ultra Clean will appreciate offsetting losses from the drop in the long position's value.Moving together with Ultra Stock
The ability to find closely correlated positions to Ultra Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultra Clean when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ultra Clean - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ultra Clean Holdings to buy it.
The correlation of Ultra Clean is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ultra Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultra Clean Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ultra Clean can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ultra Stock Analysis
When running Ultra Clean's price analysis, check to measure Ultra Clean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.