Unity Net Borrowings vs Free Cash Flow Analysis
U Stock | USD 19.60 0.85 4.16% |
Unity Software financial indicator trend analysis is much more than just breaking down Unity Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Unity Software is a good investment. Please check the relationship between Unity Software Net Borrowings and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.
Net Borrowings vs Free Cash Flow
Net Borrowings vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unity Software Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Unity Software's Net Borrowings and Free Cash Flow is -0.69. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Unity Software, assuming nothing else is changed. The correlation between historical values of Unity Software's Net Borrowings and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Unity Software are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Unity Software's Net Borrowings and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Unity Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unity Software 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.At this time, Unity Software's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 295.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 7.4M | 24.6M | 25.8M | Depreciation And Amortization | 66.1M | 218.8M | 563.9M | 592.1M |
Unity Software fundamental ratios Correlations
Click cells to compare fundamentals
Unity Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Unity Software fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 762.9M | 2.7B | 4.8B | 7.8B | 7.2B | 4.4B | |
Other Current Liab | 239.8M | 352.7M | 447.3M | 737.5M | 653.7M | 476.3M | |
Total Current Liabilities | 336.5M | 503.2M | 625.5M | 1.0B | 894.1M | 664.3M | |
Total Stockholder Equity | 393.9M | 2.0B | 2.4B | 3.5B | 3.2B | 2.2B | |
Other Liab | 32.4M | 32.3M | 25.8M | 254.6M | 292.8M | 307.5M | |
Net Tangible Assets | (573.0M) | 1.7B | (40.1M) | (1.6B) | (1.4B) | (1.4B) | |
Property Plant And Equipment Net | 79.0M | 199.2M | 204.5M | 121.9M | 254.1M | 169.9M | |
Current Deferred Revenue | 86.0M | 113.9M | 140.5M | 218.1M | 186.8M | 146.7M | |
Net Debt | (130.0M) | (1.1B) | 763.5M | 1.2B | 1.2B | 1.3B | |
Retained Earnings | (515.2M) | (797.5M) | (1.3B) | (2.2B) | (3.1B) | (2.9B) | |
Accounts Payable | 10.7M | 11.3M | 14.0M | 20.2M | 14.5M | 14.7M | |
Cash | 130.0M | 1.3B | 1.1B | 1.5B | 1.6B | 1.1B | |
Non Current Assets Total | 395.4M | 590.6M | 2.7B | 5.5B | 4.9B | 2.6B | |
Non Currrent Assets Other | 36.1M | 47.7M | 51.2M | (212M) | 84.2M | 88.4M | |
Other Assets | 36.1M | 47.7M | 51.2M | 103.8M | 119.3M | 125.3M | |
Cash And Short Term Investments | 130.0M | 1.8B | 1.7B | 1.6B | 1.6B | 1.3B | |
Net Receivables | 204.9M | 274.3M | 340.5M | 633.8M | 611.7M | 406.6M | |
Good Will | 218.3M | 286.3M | 1.6B | 3.2B | 3.2B | 3.3B | |
Liabilities And Stockholders Equity | 762.9M | 2.7B | 4.8B | 7.8B | 7.2B | 4.4B | |
Non Current Liabilities Total | 32.4M | 130.9M | 1.8B | 3.1B | 2.9B | 1.5B | |
Capital Surpluse | 226.2M | 2.8B | 3.7B | 5.8B | 6.6B | 7.0B | |
Inventory | 23.1M | 32.0M | 39.1M | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 9.4M | 22.4M | 34.4M | 144.1M | 116.0M | 62.4M | |
Other Stockholder Equity | 226.2M | 2.8B | 3.7B | 5.8B | 6.3B | 3.5B | |
Total Liab | 368.9M | 634.1M | 2.4B | 4.1B | 3.8B | 2.1B | |
Net Invested Capital | (292.6M) | 2.0B | 4.1B | 6.2B | 5.9B | 3.2B | |
Property Plant And Equipment Gross | 79.0M | 199.2M | 204.5M | 245.5M | 284.8M | 198.1M | |
Total Current Assets | 367.4M | 2.1B | 2.2B | 2.4B | 2.3B | 1.8B | |
Accumulated Other Comprehensive Income | (3.6M) | (3.4M) | (3.9M) | (1.7M) | (5.0M) | (5.3M) | |
Non Current Liabilities Other | 21.8M | 11.8M | 9.9M | 259.0M | 217.2M | 228.1M | |
Net Working Capital | 30.9M | 1.6B | 1.5B | 1.4B | 1.4B | 1.1B | |
Short Term Debt | 0.0 | 25.4M | 23.7M | 34.5M | 39.1M | 26.6M | |
Intangible Assets | 62.0M | 57.5M | 814.4M | 1.9B | 1.4B | 783.2M | |
Property Plant Equipment | 79.0M | 199.2M | 204.5M | 242.4M | 278.8M | 174.4M |
Pair Trading with Unity Software
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 Unity Software 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 Unity Software will appreciate offsetting losses from the drop in the long position's value.Moving against Unity Stock
0.74 | ML | MoneyLion Tech Boost | PairCorr |
0.62 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
0.57 | VERX | Vertex | PairCorr |
0.54 | DPSI | DecisionPoint Systems | PairCorr |
0.5 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to Unity Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unity Software 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 Unity Software - 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 Unity Software to buy it.
The correlation of Unity Software 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 Unity Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unity Software 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 Unity Software 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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When running Unity Software's price analysis, check to measure Unity Software'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 Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.
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Is Unity Software's 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 Unity Software. If investors know Unity 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 Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.24) | Revenue Per Share 5.603 | Quarterly Revenue Growth (0.08) | Return On Assets (0.07) | Return On Equity (0.24) |
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software's 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 Unity Software's market value can be influenced by many factors that don't directly affect Unity Software's 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 Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software's 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.