United Total Current Assets vs Common Stock Analysis

PRKS Stock   52.40  0.78  1.47%   
United Parks financial indicator trend analysis is much more than just breaking down United Parks Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Parks Resorts is a good investment. Please check the relationship between United Parks Total Current Assets and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in United Parks Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Total Current Assets vs Common Stock

Total Current Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Parks Resorts Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between United Parks' Total Current Assets and Common Stock is 0.52. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of United Parks Resorts, assuming nothing else is changed. The correlation between historical values of United Parks' Total Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of United Parks Resorts are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., United Parks' Total Current Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Common Stock

Most indicators from United Parks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Parks Resorts current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in United Parks Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
At this time, United Parks' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.08 in 2024, whereas Selling General Administrative is likely to drop slightly above 99 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.6B1.6B1.8B1.2B
Total Revenue1.7B1.7B2.0B1.5B

United Parks fundamental ratios Correlations

0.89-0.720.32-0.630.740.820.810.640.630.770.770.890.770.66-0.67-0.840.90.58-0.8-0.680.910.83-0.79-0.760.89
0.89-0.940.09-0.890.490.950.930.550.570.840.520.860.840.63-0.56-0.830.990.67-0.96-0.790.980.88-0.97-0.70.75
-0.72-0.940.140.89-0.23-0.87-0.84-0.39-0.36-0.83-0.27-0.64-0.83-0.480.530.69-0.9-0.520.950.7-0.88-0.850.940.68-0.57
0.320.090.14-0.110.80.280.360.770.84-0.330.780.44-0.330.64-0.44-0.540.170.630.15-0.490.25-0.210.01-0.380.63
-0.63-0.890.89-0.11-0.32-0.94-0.93-0.58-0.61-0.6-0.34-0.77-0.6-0.630.40.78-0.9-0.80.860.89-0.9-0.650.930.55-0.56
0.740.49-0.230.8-0.320.50.630.80.80.151.00.730.150.58-0.68-0.80.550.69-0.26-0.60.60.24-0.32-0.660.91
0.820.95-0.870.28-0.940.50.950.680.740.680.530.880.680.81-0.51-0.860.960.8-0.89-0.90.970.76-0.95-0.650.74
0.810.93-0.840.36-0.930.630.950.730.770.570.650.870.570.71-0.6-0.920.950.88-0.82-0.920.960.64-0.88-0.710.82
0.640.55-0.390.77-0.580.80.680.730.910.150.80.770.150.79-0.71-0.910.620.84-0.38-0.880.670.25-0.5-0.720.79
0.630.57-0.360.84-0.610.80.740.770.910.120.80.820.120.89-0.5-0.840.640.91-0.38-0.860.70.24-0.52-0.540.79
0.770.84-0.83-0.33-0.60.150.680.570.150.120.190.61.00.36-0.34-0.470.790.17-0.92-0.390.750.99-0.84-0.480.44
0.770.52-0.270.78-0.341.00.530.650.80.80.190.740.190.59-0.7-0.810.580.69-0.3-0.610.630.28-0.36-0.690.93
0.890.86-0.640.44-0.770.730.880.870.770.820.60.740.60.79-0.47-0.90.910.82-0.76-0.870.930.68-0.82-0.570.8
0.770.84-0.83-0.33-0.60.150.680.570.150.121.00.190.60.36-0.34-0.470.790.17-0.92-0.390.750.99-0.84-0.480.44
0.660.63-0.480.64-0.630.580.810.710.790.890.360.590.790.36-0.42-0.730.680.74-0.53-0.80.720.47-0.65-0.490.68
-0.67-0.560.53-0.440.4-0.68-0.51-0.6-0.71-0.5-0.34-0.7-0.47-0.34-0.420.76-0.55-0.440.420.57-0.57-0.390.420.98-0.82
-0.84-0.830.69-0.540.78-0.8-0.86-0.92-0.91-0.84-0.47-0.81-0.9-0.47-0.730.76-0.87-0.860.690.93-0.9-0.560.760.83-0.89
0.90.99-0.90.17-0.90.550.960.950.620.640.790.580.910.790.68-0.55-0.870.73-0.94-0.841.00.85-0.97-0.690.77
0.580.67-0.520.63-0.80.690.80.880.840.910.170.690.820.170.74-0.44-0.860.73-0.5-0.930.770.27-0.64-0.510.72
-0.8-0.960.950.150.86-0.26-0.89-0.82-0.38-0.38-0.92-0.3-0.76-0.92-0.530.420.69-0.94-0.50.69-0.91-0.940.980.58-0.56
-0.68-0.790.7-0.490.89-0.6-0.9-0.92-0.88-0.86-0.39-0.61-0.87-0.39-0.80.570.93-0.84-0.930.69-0.86-0.490.80.66-0.72
0.910.98-0.880.25-0.90.60.970.960.670.70.750.630.930.750.72-0.57-0.91.00.77-0.91-0.860.81-0.95-0.70.81
0.830.88-0.85-0.21-0.650.240.760.640.250.240.990.280.680.990.47-0.39-0.560.850.27-0.94-0.490.81-0.88-0.530.52
-0.79-0.970.940.010.93-0.32-0.95-0.88-0.5-0.52-0.84-0.36-0.82-0.84-0.650.420.76-0.97-0.640.980.8-0.95-0.880.58-0.6
-0.76-0.70.68-0.380.55-0.66-0.65-0.71-0.72-0.54-0.48-0.69-0.57-0.48-0.490.980.83-0.69-0.510.580.66-0.7-0.530.58-0.85
0.890.75-0.570.63-0.560.910.740.820.790.790.440.930.80.440.68-0.82-0.890.770.72-0.56-0.720.810.52-0.6-0.85
Click cells to compare fundamentals

United Parks Account Relationship Matchups

United Parks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.6B2.3B2.6B3.0B2.7B
Short Long Term Debt Total2.3B2.2B2.2B2.2B2.6B2.4B
Other Current Liab61.7M68.0M64.3M79.3M71.4M59.2M
Total Current Liabilities317.1M372.0M409.2M410.9M472.6M420.6M
Total Stockholder Equity(105.8M)(33.9M)(437.7M)(208.2M)(187.4M)(178.0M)
Property Plant And Equipment Net1.8B1.8B1.8B2.0B2.3B2.0B
Current Deferred Revenue130.8M154.8M169.5M155.6M179.0M157.3M
Net Debt1.9B1.8B2.2B2.0B2.3B2.1B
Retained Earnings(371.8M)(115.3M)175.9M410.1M471.6M495.2M
Accounts Payable105.4M134.3M159.9M160.6M184.7M152.2M
Cash433.9M443.7M79.2M246.9M284.0M273.8M
Non Current Assets Total2.1B2.0B2.1B2.2B2.6B2.3B
Non Currrent Assets Other15.3M18.3M19.3M33.5M38.5M21.1M
Cash And Short Term Investments433.9M443.7M79.2M246.9M284.0M273.8M
Net Receivables30.4M76.9M71.1M73.8M84.9M66.4M
Common Stock Shares Outstanding78.2M79.6M70.3M64.5M58.0M59.8M
Liabilities And Stockholders Equity2.6B2.6B2.3B2.6B3.0B2.7B
Non Current Liabilities Total2.4B2.3B2.4B2.4B2.8B2.4B
Inventory30.7M29.5M55.2M49.2M56.6M43.5M
Other Current Assets8.5M11.1M20.4M16.7M15.0M16.3M
Other Stockholder Equity265.1M80.4M(614.5M)(619.3M)(557.4M)(529.5M)
Total Liab2.7B2.6B2.8B2.8B3.3B2.9B
Total Current Assets507.4M567.4M233.7M390.2M448.7M410.9M
Short Term Debt19.3M14.9M15.4M15.4M13.8M21.6M
Common Stock946K955K963K967K1.1M1.0M

Pair Trading with United Parks

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 Parks 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 Parks will appreciate offsetting losses from the drop in the long position's value.

Moving against United Stock

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The ability to find closely correlated positions to United Parks 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 Parks 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 Parks - 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 Parks Resorts to buy it.
The correlation of United Parks 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 Parks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Parks Resorts 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 Parks 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.
Pair CorrelationCorrelation Matching
When determining whether United Parks Resorts is a strong investment it is important to analyze United Parks' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United Parks' future performance. For an informed investment choice regarding United Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in United Parks Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running United Parks' price analysis, check to measure United Parks' 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 Parks is operating at the current time. Most of United Parks' value examination focuses on studying past and present price action to predict the probability of United Parks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Parks' price. Additionally, you may evaluate how the addition of United Parks to your portfolios can decrease your overall portfolio volatility.
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Is United Parks' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Parks. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Parks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share
27.057
Quarterly Revenue Growth
0.014
The market value of United Parks Resorts is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Parks' value that differs from its market value or its book value, called intrinsic value, which is United Parks' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Parks' market value can be influenced by many factors that don't directly affect United Parks' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United Parks' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Parks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Parks' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.