United Price To Sales Ratio from 2010 to 2024
| UFCS Stock | USD 21.23 0.17 0.79% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.46374313 | Current Value 0.72 | Quarterly Volatility 0.23412775 |
Check United Fire financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among United Fire's main balance sheet or income statement drivers, such as Interest Expense of 3.1 M, Total Revenue of 635.1 M or Gross Profit of 634.4 M, as well as many indicators such as Price To Sales Ratio of 0.72, Dividend Yield of 0.0214 or PTB Ratio of 1.26. United financial statements analysis is a perfect complement when working with United Fire Valuation or Volatility modules.
United | Price To Sales Ratio |
Latest United Fire's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of United Fire Group over the last few years. Price to Sales Ratio is figured by comparing United Fire Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on United Fire sales, a figure that is much harder to manipulate than other United Fire Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. United Fire's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in United Fire's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.50 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
United Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 0.80 | |
| Geometric Mean | 0.76 | |
| Coefficient Of Variation | 29.45 | |
| Mean Deviation | 0.18 | |
| Median | 0.73 | |
| Standard Deviation | 0.23 | |
| Sample Variance | 0.05 | |
| Range | 0.8367 | |
| R-Value | (0.13) | |
| Mean Square Error | 0.06 | |
| R-Squared | 0.02 | |
| Significance | 0.65 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.77 |
United Price To Sales Ratio History
About United Fire Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include United Fire income statement, its balance sheet, and the statement of cash flows. United Fire investors use historical funamental indicators, such as United Fire's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although United Fire investors may use each financial statement separately, they are all related. The changes in United Fire's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on United Fire'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 United Fire Financial Statements. Understanding these patterns can help to make the right decision on long term investment in United Fire. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.46 | 0.72 |
Pair Trading with United Fire
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 United Fire 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 United Fire will appreciate offsetting losses from the drop in the long position's value.Moving together with United Stock
Moving against United Stock
| 0.42 | HCI | HCI Group | PairCorr |
| 0.41 | TRV | The Travelers Companies Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to United Fire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Fire 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 United Fire - 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 United Fire Group to buy it.
The correlation of United Fire 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 United Fire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Fire Group 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 United Fire 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 United Stock Analysis
When running United Fire's price analysis, check to measure United Fire'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 United Fire is operating at the current time. Most of United Fire's value examination focuses on studying past and present price action to predict the probability of United Fire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Fire's price. Additionally, you may evaluate how the addition of United Fire to your portfolios can decrease your overall portfolio volatility.