United Net Receivables vs Property Plant Equipment Analysis
UFCS Stock | USD 23.53 0.05 0.21% |
United Fire financial indicator trend analysis is much more than just breaking down United Fire Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Fire Group is a good investment. Please check the relationship between United Fire Net Receivables and its Property Plant Equipment accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Net Receivables vs Property Plant Equipment
Net Receivables vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Net Receivables account and Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between United Fire's Net Receivables and Property Plant Equipment is 0.93. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of United Fire Group, assuming nothing else is changed. The correlation between historical values of United Fire's Net Receivables and Property Plant Equipment 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 Receivables of United Fire Group are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Receivables i.e., United Fire's Net Receivables and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Receivables
Property Plant Equipment
Most indicators from United Fire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Fire Group 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 United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. At this time, United Fire's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 45.56 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 707.9 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 980.3M | 1.1B | 634.4M | Total Revenue | 1.1B | 980.3M | 1.1B | 635.1M |
United Fire fundamental ratios Correlations
Click cells to compare fundamentals
United Fire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Fire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 3.1B | 3.0B | 2.9B | 3.1B | 2.3B | |
Total Stockholder Equity | 910.5M | 825.1M | 879.1M | 740.1M | 733.7M | 531.5M | |
Net Debt | (104.9M) | (37.9M) | (82.1M) | (46.7M) | (52.0M) | (54.6M) | |
Retained Earnings | 697.1M | 555.9M | 621.4M | 620.6M | 574.7M | 345.6M | |
Other Assets | 269.6M | 268.6M | 326.2M | 2.1B | 2.5B | 1.7B | |
Common Stock Shares Outstanding | 25.6M | 25.0M | 25.1M | 25.3M | 25.2M | 25.9M | |
Liabilities And Stockholders Equity | 3.0B | 3.1B | 3.0B | 2.9B | 3.1B | 2.3B | |
Non Current Liabilities Total | 20.6M | 74.9M | 76.8M | 50M | 763.2M | 725.1M | |
Other Stockholder Equity | 200.2M | 202.4M | 203.4M | 207.0M | 226.0M | 118.6M | |
Total Liab | 20.6M | 74.9M | 76.8M | 2.1B | 2.4B | 1.6B | |
Property Plant And Equipment Net | 117.0M | 129.9M | 137.7M | 133.1M | 134.2M | 141.0M | |
Non Current Assets Total | 2.2B | 2.2B | 2.1B | 154.0M | 3.0B | 3.2B | |
Non Currrent Assets Other | (72.6M) | (66.8M) | (55.1M) | (1.7B) | 1.1B | 1.2B | |
Net Receivables | 449.2M | 544.0M | 477.0M | 568.1M | 709.5M | 745.0M | |
Property Plant And Equipment Gross | 69.0M | 97.2M | 117.0M | 129.9M | 149.4M | 156.8M | |
Total Current Assets | 570.1M | 632.1M | 609.3M | 580.1M | 102.0M | 96.9M | |
Intangible Assets | 7.5M | 6.7M | 6.0M | 5.3M | 4.6M | 6.7M | |
Cash | 120.7M | 87.9M | 132.1M | 96.7M | 102.0M | 132.1M | |
Cash And Short Term Investments | 120.9M | 88.1M | 132.4M | 96.9M | 102.1M | 138.0M | |
Other Current Assets | 569.5M | 518.7M | 558.7M | 544.1M | 102.0M | 96.9M | |
Accumulated Other Comprehensive Income | 13.2M | 66.9M | 54.3M | (87.5M) | (67.0M) | (63.6M) | |
Other Current Liab | 1.5B | 1.5B | 1.5B | 1.5B | 1.6B | 1.2B | |
Other Liab | 938.4M | 666.4M | 619.3M | 981.9M | 1.1B | 1.2B | |
Property Plant Equipment | 117.0M | 129.9M | 137.7M | 159.6M | 183.5M | 192.7M | |
Total Current Liabilities | 1.5B | 1.6B | 1.5B | 1.5B | 1.6B | 874.6M | |
Net Tangible Assets | 887.9M | 818.4M | 879.1M | 734.8M | 845.0M | 900.0M | |
Accounts Payable | 155.5M | 126.6M | 1.5B | 515.3M | 592.6M | 332.7M | |
Retained Earnings Total Equity | 715.5M | 697.1M | 555.9M | 621.4M | 714.6M | 623.9M | |
Capital Surpluse | 203.4M | 200.2M | 202.4M | 203.4M | 183.0M | 164.8M | |
Long Term Investments | 2.2B | 2.2B | 2.1B | 1.7B | 1.7B | 2.0B | |
Non Current Liabilities Other | 1.8B | 1.9B | 2.0B | 2.0B | 1.8B | 2.0B |
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 against United Stock
0.74 | HCI | HCI Group | PairCorr |
0.49 | AFG | American Financial | PairCorr |
0.49 | HIG | Hartford Financial | PairCorr |
0.44 | 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the United Fire Group information on this page should be used as a complementary analysis to other United Fire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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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.
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Is United Fire'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 United Fire. 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 Fire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 17.897 | Dividend Share 0.64 | Earnings Share (0.69) | Revenue Per Share 44.506 | Quarterly Revenue Growth 0.108 |
The market value of United Fire Group 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 Fire's value that differs from its market value or its book value, called intrinsic value, which is United Fire'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 United Fire's market value can be influenced by many factors that don't directly affect United Fire'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 United Fire's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Fire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Fire'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.