Universal Cash from 2010 to 2024
| UHS Stock | USD 188.93 1.40 0.75% |
Cash | First Reported 1985-12-31 | Previous Quarter 119.4 M | Current Value 112.1 M | Quarterly Volatility 157.7 M |
Check Universal Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Universal Health's main balance sheet or income statement drivers, such as Depreciation And Amortization of 596.4 M, Interest Expense of 243.3 M or Total Revenue of 15 B, as well as many indicators such as Price To Sales Ratio of 0.57, Dividend Yield of 0.0065 or PTB Ratio of 1.55. Universal financial statements analysis is a perfect complement when working with Universal Health Valuation or Volatility modules.
Universal | Cash |
Latest Universal Health's Cash Growth Pattern
Below is the plot of the Cash of Universal Health Services over the last few years. Cash refers to the most liquid asset of Universal Health Services, which is listed under current asset account on Universal Health Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Universal Health customers. The amounts must be unrestricted with restricted cash listed in a different Universal Health account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Universal Health's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Universal Health's overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
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Cash |
| Timeline |
Universal Cash Regression Statistics
| Arithmetic Mean | 140,845,797 | |
| Geometric Mean | 66,158,579 | |
| Coefficient Of Variation | 214.22 | |
| Mean Deviation | 144,485,894 | |
| Median | 61,268,000 | |
| Standard Deviation | 301,720,420 | |
| Sample Variance | 91035.2T | |
| Range | 1.2B | |
| R-Value | 0.27 | |
| Mean Square Error | 90726.9T | |
| R-Squared | 0.07 | |
| Significance | 0.32 | |
| Slope | 18,423,874 | |
| Total Sum of Squares | 1274493T |
Universal Cash History
Other Fundumenentals of Universal Health Services
Universal Health Cash component correlations
Click cells to compare fundamentals
About Universal Health Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Universal Health income statement, its balance sheet, and the statement of cash flows. Universal Health investors use historical funamental indicators, such as Universal Health's Cash, to determine how well the company is positioned to perform in the future. Although Universal Health investors may use each financial statement separately, they are all related. The changes in Universal Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Universal Health'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 Universal Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Universal Health. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Universal Health
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 Universal Health 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 Universal Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
| 0.76 | GH | Guardant Health Buyout Trend | PairCorr |
| 0.77 | STE | STERIS plc | PairCorr |
| 0.63 | NEOG | Neogen Financial Report 25th of July 2024 | PairCorr |
Moving against Universal Stock
| 0.68 | AVDL | Avadel Pharmaceuticals | PairCorr |
| 0.57 | ACRS | Aclaris Therapeutics | PairCorr |
| 0.54 | PRGO | Perrigo Company | PairCorr |
| 0.37 | ANVS | Annovis Bio Earnings Call Tomorrow | PairCorr |
| 0.34 | ATXI | Avenue Therapeutics | PairCorr |
The ability to find closely correlated positions to Universal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Health 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 Universal Health - 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 Universal Health Services to buy it.
The correlation of Universal Health 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 Universal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Health Services 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 Universal Health 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 Universal Stock Analysis
When running Universal Health's price analysis, check to measure Universal Health'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 Universal Health is operating at the current time. Most of Universal Health's value examination focuses on studying past and present price action to predict the probability of Universal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Health's price. Additionally, you may evaluate how the addition of Universal Health to your portfolios can decrease your overall portfolio volatility.