UFP Cash vs Total Assets Analysis

UFPT Stock

USD 246.98 4.67 1.86%

UFP Technologies financial indicator trend analysis is much more than just breaking down UFP Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UFP Technologies is a good investment. Please check the relationship between UFP Technologies Cash and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UFP Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy UFP Stock please use our How to Invest in UFP Technologies guide.

Cash vs Total Assets

Cash vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UFP Technologies Cash account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between UFP Technologies' Cash and Total Assets is -0.54. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of UFP Technologies, assuming nothing else is changed. The correlation between historical values of UFP Technologies' Cash and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of UFP Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., UFP Technologies' Cash and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of UFP Technologies, which is listed under current asset account on UFP Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from UFP Technologies customers. The amounts must be unrestricted with restricted cash listed in a different UFP Technologies account. 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.

Total Assets

Total assets refers to the total amount of UFP Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in UFP Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from UFP Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UFP Technologies 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 UFP Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy UFP Stock please use our How to Invest in UFP Technologies guide.At this time, UFP Technologies' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.20 in 2024, whereas Tax Provision is likely to drop slightly above 5.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	51.1M	90.3M	119.4M	125.4M
Total Revenue	206.3M	353.8M	400.1M	420.1M

Gross Profit Total Revenue

UFP Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.81	0.94	0.96	0.98	0.87	0.81	0.98	0.94	-0.54	0.99	0.19	-0.54	0.98	0.41	0.86	0.95	0.21	-0.22	0.94	0.9	0.9	0.88	0.96	0.6	0.89
Short Long Term Debt Total	0.81		0.75	0.78	0.69	0.63	0.89	0.7	0.73	-0.49	0.84	0.11	-0.49	0.74	0.23	0.96	0.71	0.17	-0.21	0.93	0.78	0.64	0.84	0.9	0.86	0.93
Other Current Liab	0.94	0.75		0.97	0.91	0.73	0.77	0.91	0.95	-0.54	0.92	0.39	-0.54	0.95	0.32	0.82	0.94	0.2	-0.25	0.91	0.75	0.88	0.82	0.92	0.45	0.8
Total Current Liabilities	0.96	0.78	0.97		0.92	0.73	0.81	0.93	0.99	-0.58	0.93	0.21	-0.58	0.98	0.26	0.84	0.98	0.14	-0.27	0.93	0.82	0.9	0.91	0.94	0.49	0.85
Total Stockholder Equity	0.98	0.69	0.91	0.92		0.92	0.69	1.0	0.9	-0.48	0.95	0.17	-0.48	0.97	0.47	0.74	0.94	0.22	-0.15	0.84	0.9	0.91	0.8	0.89	0.48	0.79
Property Plant And Equipment Net	0.87	0.63	0.73	0.73	0.92		0.58	0.91	0.72	-0.39	0.86	0.13	-0.39	0.83	0.57	0.63	0.77	0.33	0.09	0.69	0.9	0.78	0.67	0.75	0.49	0.67
Net Debt	0.81	0.89	0.77	0.81	0.69	0.58		0.71	0.76	-0.81	0.87	-0.06	-0.81	0.75	0.03	0.93	0.74	0.04	-0.45	0.92	0.73	0.54	0.88	0.93	0.76	0.9
Retained Earnings	0.98	0.7	0.91	0.93	1.0	0.91	0.71		0.92	-0.51	0.95	0.16	-0.51	0.98	0.43	0.75	0.95	0.19	-0.18	0.85	0.9	0.91	0.82	0.9	0.48	0.8
Accounts Payable	0.94	0.73	0.95	0.99	0.9	0.72	0.76	0.92		-0.55	0.9	0.21	-0.55	0.97	0.23	0.78	0.99	0.13	-0.22	0.9	0.8	0.92	0.89	0.9	0.42	0.81
Cash	-0.54	-0.49	-0.54	-0.58	-0.48	-0.39	-0.81	-0.51	-0.55		-0.64	0.29	1.0	-0.54	0.29	-0.55	-0.54	0.22	0.6	-0.59	-0.46	-0.21	-0.62	-0.67	-0.35	-0.55
Non Current Assets Total	0.99	0.84	0.92	0.93	0.95	0.86	0.87	0.95	0.9	-0.64		0.14	-0.64	0.94	0.36	0.89	0.91	0.18	-0.29	0.94	0.89	0.82	0.87	0.98	0.66	0.9
Non Currrent Assets Other	0.19	0.11	0.39	0.21	0.17	0.13	-0.06	0.16	0.21	0.29	0.14		0.29	0.16	0.41	0.18	0.14	0.39	0.2	0.2	-0.07	0.3	-0.09	0.12	-0.05	0.05
Cash And Short Term Investments	-0.54	-0.49	-0.54	-0.58	-0.48	-0.39	-0.81	-0.51	-0.55	1.0	-0.64	0.29		-0.54	0.29	-0.55	-0.54	0.22	0.6	-0.59	-0.46	-0.21	-0.62	-0.67	-0.35	-0.55
Net Receivables	0.98	0.74	0.95	0.98	0.97	0.83	0.75	0.98	0.97	-0.54	0.94	0.16	-0.54		0.37	0.78	0.99	0.16	-0.19	0.89	0.87	0.94	0.87	0.92	0.47	0.82
Common Stock Shares Outstanding	0.41	0.23	0.32	0.26	0.47	0.57	0.03	0.43	0.23	0.29	0.36	0.41	0.29	0.37		0.26	0.26	0.68	0.53	0.27	0.36	0.49	0.08	0.22	0.21	0.17
Non Current Liabilities Total	0.86	0.96	0.82	0.84	0.74	0.63	0.93	0.75	0.78	-0.55	0.89	0.18	-0.55	0.78	0.26		0.76	0.18	-0.31	0.98	0.76	0.67	0.86	0.94	0.84	0.95
Inventory	0.95	0.71	0.94	0.98	0.94	0.77	0.74	0.95	0.99	-0.54	0.91	0.14	-0.54	0.99	0.26	0.76		0.1	-0.24	0.88	0.86	0.93	0.9	0.9	0.44	0.82
Other Current Assets	0.21	0.17	0.2	0.14	0.22	0.33	0.04	0.19	0.13	0.22	0.18	0.39	0.22	0.16	0.68	0.18	0.1		0.57	0.17	0.18	0.26	0.07	0.09	0.12	0.06
Other Stockholder Equity	-0.22	-0.21	-0.25	-0.27	-0.15	0.09	-0.45	-0.18	-0.22	0.6	-0.29	0.2	0.6	-0.19	0.53	-0.31	-0.24	0.57		-0.31	-0.13	0.01	-0.33	-0.39	-0.29	-0.42
Total Liab	0.94	0.93	0.91	0.93	0.84	0.69	0.92	0.85	0.9	-0.59	0.94	0.2	-0.59	0.89	0.27	0.98	0.88	0.17	-0.31		0.81	0.79	0.91	0.98	0.74	0.95
Property Plant And Equipment Gross	0.9	0.78	0.75	0.82	0.9	0.9	0.73	0.9	0.8	-0.46	0.89	-0.07	-0.46	0.87	0.36	0.76	0.86	0.18	-0.13	0.81		0.82	0.88	0.85	0.69	0.87
Total Current Assets	0.9	0.64	0.88	0.9	0.91	0.78	0.54	0.91	0.92	-0.21	0.82	0.3	-0.21	0.94	0.49	0.67	0.93	0.26	0.01	0.79	0.82		0.78	0.78	0.38	0.73
Short Term Debt	0.88	0.84	0.82	0.91	0.8	0.67	0.88	0.82	0.89	-0.62	0.87	-0.09	-0.62	0.87	0.08	0.86	0.9	0.07	-0.33	0.91	0.88	0.78		0.91	0.67	0.92
Intangible Assets	0.96	0.9	0.92	0.94	0.89	0.75	0.93	0.9	0.9	-0.67	0.98	0.12	-0.67	0.92	0.22	0.94	0.9	0.09	-0.39	0.98	0.85	0.78	0.91		0.71	0.95
Other Liab	0.6	0.86	0.45	0.49	0.48	0.49	0.76	0.48	0.42	-0.35	0.66	-0.05	-0.35	0.47	0.21	0.84	0.44	0.12	-0.29	0.74	0.69	0.38	0.67	0.71		0.86
Other Assets	0.89	0.93	0.8	0.85	0.79	0.67	0.9	0.8	0.81	-0.55	0.9	0.05	-0.55	0.82	0.17	0.95	0.82	0.06	-0.42	0.95	0.87	0.73	0.92	0.95	0.86

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UFP Technologies Account Relationship Matchups

UFP Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	188.8M	203.2M	334.1M	377.5M	404.1M	424.3M
Short Long Term Debt Total	3.1M	2.2M	84.4M	55M	46.0M	48.3M
Other Current Liab	8.5M	8.0M	13.6M	27.1M	22.1M	23.2M
Total Current Liabilities	16.3M	15.1M	34.7M	55.8M	58.2M	61.1M
Total Stockholder Equity	162.0M	176.9M	194.4M	237.5M	286.1M	300.4M
Property Plant And Equipment Net	56.7M	53.8M	65.9M	58.1M	75.7M	79.5M
Net Debt	(653K)	(22.0M)	73.2M	50.5M	40.8M	42.8M
Retained Earnings	131.6M	144.9M	160.8M	202.6M	247.5M	259.9M
Accounts Payable	4.6M	4.1M	10.6M	20.0M	22.3M	23.4M
Cash	3.7M	24.2M	11.1M	4.5M	5.3M	5.0M
Non Current Assets Total	135.5M	131.3M	246.8M	261.2M	259.5M	272.5M
Non Currrent Assets Other	6.0M	6.0M	5.4M	20.3M	5.8M	4.5M
Cash And Short Term Investments	3.7M	24.2M	11.1M	4.5M	5.3M	5.0M
Net Receivables	28.6M	26.4M	39.4M	55.1M	65.7M	69.0M
Common Stock Shares Outstanding	7.5M	7.6M	7.6M	7.7M	7.7M	6.4M
Liabilities And Stockholders Equity	188.8M	203.2M	334.1M	377.5M	404.1M	424.3M
Non Current Liabilities Total	10.5M	11.2M	105.0M	84.2M	59.8M	62.8M
Inventory	18.3M	18.6M	33.4M	53.5M	70.2M	73.7M
Other Current Assets	2.6M	2.6M	3.4M	3.2M	3.4M	2.1M
Other Stockholder Equity	30.4M	31.9M	33.6M	35.5M	38.2M	40.4M
Total Liab	26.8M	26.3M	139.7M	140.0M	118.0M	123.9M
Property Plant And Equipment Gross	59.8M	55.9M	126.8M	58.1M	132.9M	139.6M
Total Current Assets	53.3M	71.9M	87.3M	116.3M	144.6M	151.9M
Accumulated Other Comprehensive Income	(53.1M)	(54.1M)	0.0	(610K)	268K	281.4K
Short Term Debt	674K	1.2M	6.2M	4M	7.2M	7.6M
Intangible Assets	21.0M	19.7M	67.6M	68.4M	64.1M	67.3M
Other Liab	7.7M	9.7M	105.0M	22.8M	26.3M	27.6M
Other Assets	2.9M	3.9M	14.8M	9.2M	10.6M	11.1M
Long Term Debt	22.3M	325K	71M	51M	28M	29.4M
Property Plant Equipment	56.7M	53.8M	56.6M	58.1M	66.8M	70.1M
Net Tangible Assets	89.2M	105.3M	19.0M	237.5M	273.2M	286.8M
Current Deferred Revenue	2.6M	1.9M	4.2M	4.7M	6.6M	3.5M
Retained Earnings Total Equity	131.6M	144.9M	160.8M	202.6M	233.0M	244.6M
Capital Surpluse	31.0M	32.5M	34.2M	36.1M	41.5M	29.9M
Deferred Long Term Liab	6.2M	2.8M	8.9M	7.6M	8.7M	9.2M
Non Current Liabilities Other	2.8M	2.3M	19.3M	18.2M	7.1M	5.2M

Pair Trading with UFP Technologies

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

Moving against UFP Stock

0.69	EVH	Evolent Health	Pair Corr
0.65	DH	Definitive Healthcare	Pair Corr
0.63	XTNT	Xtant Medical Holdings	Pair Corr
0.63	VMD	Viemed Healthcare	Pair Corr
0.61	CAH	Cardinal Health Fiscal Year End 20th of August 2024	Pair Corr

The ability to find closely correlated positions to UFP Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UFP Technologies 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 UFP Technologies - 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 UFP Technologies to buy it.

The correlation of UFP Technologies 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 UFP Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UFP Technologies 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 UFP Technologies 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 Correlation Correlation Matching

Additional Tools for UFP Stock Analysis

When running UFP Technologies' price analysis, check to measure UFP Technologies' 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 UFP Technologies is operating at the current time. Most of UFP Technologies' value examination focuses on studying past and present price action to predict the probability of UFP Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UFP Technologies' price. Additionally, you may evaluate how the addition of UFP Technologies to your portfolios can decrease your overall portfolio volatility.

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