Universal Intangible Assets vs Capital Stock Analysis
UVV Stock | USD 53.29 0.78 1.44% |
Universal financial indicator trend analysis is much more than just breaking down Universal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal is a good investment. Please check the relationship between Universal Intangible Assets and its Capital Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.
Intangible Assets vs Capital Stock
Intangible Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Intangible Assets account and Capital Stock. At this time, the significance of the direction appears to have very week relationship.
The correlation between Universal's Intangible Assets and Capital Stock is 0.25. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Universal, assuming nothing else is changed. The correlation between historical values of Universal's Intangible Assets and Capital 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 Intangible Assets of Universal are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Intangible Assets i.e., Universal's Intangible Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from Universal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal 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 Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.Selling General Administrative is likely to drop to about 223 M in 2024. Tax Provision is likely to drop to about 10 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 408.9M | 458.3M | 412.5M | 438.6M | Total Revenue | 2.1B | 2.6B | 2.3B | 2.1B |
Universal fundamental ratios Correlations
Click cells to compare fundamentals
Universal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.3B | 2.6B | 2.6B | 3.0B | 2.1B | |
Short Long Term Debt Total | 482.5M | 647.1M | 741.1M | 849.3M | 764.4M | 511.6M | |
Other Current Liab | 29.0M | 34.4M | 34.7M | 142.9M | 128.6M | 83.5M | |
Total Current Liabilities | 267.4M | 293.2M | 518.7M | 442.0M | 397.8M | 474.0M | |
Total Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 918.3M | |
Property Plant And Equipment Net | 354.4M | 380.7M | 385.4M | 391.7M | 450.4M | 353.6M | |
Net Debt | 375.1M | 449.9M | 659.5M | 784.6M | 706.2M | 394.8M | |
Retained Earnings | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 741.5M | |
Cash | 107.4M | 197.2M | 81.6M | 64.7M | 74.4M | 70.7M | |
Non Current Assets Total | 641.3M | 786.6M | 838.3M | 836.3M | 961.7M | 685.5M | |
Non Currrent Assets Other | 43.7M | 64.1M | 53.8M | 61.3M | 55.2M | 90.6M | |
Cash And Short Term Investments | 107.4M | 197.2M | 81.6M | 64.7M | 74.4M | 70.7M | |
Net Receivables | 352.2M | 368.1M | 390.0M | 414.3M | 476.4M | 401.2M | |
Common Stock Shares Outstanding | 25.1M | 24.8M | 24.9M | 24.9M | 22.4M | 23.7M | |
Liabilities And Stockholders Equity | 2.1B | 2.3B | 2.6B | 2.6B | 3.0B | 2.1B | |
Non Current Liabilities Total | 564.2M | 700.3M | 682.9M | 760.2M | 874.3M | 552.8M | |
Inventory | 806.6M | 786.6M | 1.0B | 1.0B | 1.2B | 721.6M | |
Other Current Assets | 67.5M | 66.8M | 116.8M | 99.8M | 114.8M | 87.6M | |
Other Stockholder Equity | 403K | 550.2M | (84.3M) | (77.1M) | (69.4M) | (65.9M) | |
Total Liab | 831.6M | 993.5M | 1.2B | 1.2B | 1.4B | 1.2B | |
Property Plant And Equipment Gross | 354.4M | 380.7M | 986.3M | 1.0B | 1.2B | 1.2B | |
Total Current Assets | 1.5B | 1.6B | 1.7B | 1.8B | 2.1B | 1.5B | |
Accumulated Other Comprehensive Income | (151.6M) | (107.0M) | (84.3M) | (77.1M) | (88.6M) | (93.0M) | |
Short Term Debt | 87.9M | 109.2M | 192.9M | 207.0M | 186.3M | 228.5M | |
Intangible Assets | 17.9M | 72.3M | 92.6M | 80.1M | 92.1M | 105.6M | |
Accounts Payable | 140.3M | 140.8M | 277.4M | 89.0M | 80.1M | 76.1M | |
Common Stock Total Equity | 321.5M | 326.7M | 330.7M | 337.2M | 387.8M | 233.1M | |
Common Stock | 321.5M | 326.7M | 330.7M | 337.2M | 387.8M | 221.2M | |
Other Liab | 124.7M | 132.4M | 162.4M | 133.5M | 153.6M | 164.6M | |
Other Assets | 64.7M | 76.3M | 65.4M | 74.4M | 67.0M | 92.9M | |
Long Term Debt | 368.8M | 518.2M | 518.5M | 616.8M | 555.1M | 351.1M | |
Good Will | 126.8M | 173.1M | 214.0M | 213.9M | 246.0M | 133.0M | |
Property Plant Equipment | 315.2M | 349.5M | 345.1M | 351.2M | 316.0M | 289.4M | |
Current Deferred Revenue | 10.2M | 8.8M | 13.7M | 3.1M | 2.8M | 2.6M | |
Net Tangible Assets | 1.1B | 1.1B | 1.0B | 1.1B | 1.3B | 1.2B | |
Noncontrolling Interest In Consolidated Entity | 42.6M | 41.1M | 44.2M | 39.9M | 45.8M | 39.3M | |
Retained Earnings Total Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 1.1B |
Pair Trading with Universal
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
0.8 | K | Kellanova | PairCorr |
0.86 | MO | Altria Group Aggressive Push | PairCorr |
0.93 | PM | Philip Morris Intern | PairCorr |
Moving against Universal Stock
0.82 | EDBL | Edible Garden AG Buyout Trend | PairCorr |
0.8 | BON | Bon Natural Life | PairCorr |
0.75 | FARM | Farmer Bros Fiscal Year End 10th of September 2024 | PairCorr |
0.73 | DDC | DDC Enterprise | PairCorr |
0.63 | FREEW | Whole Earth Brands | PairCorr |
The ability to find closely correlated positions to Universal 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 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 - 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 to buy it.
The correlation of Universal 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal 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 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 Universal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Universal Stock please use our How to Invest in Universal guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Universal'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 Universal. If investors know Universal 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 Universal 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 0.269 | Dividend Share 3.19 | Earnings Share 5.32 | Revenue Per Share 107.58 | Quarterly Revenue Growth 0.033 |
The market value of Universal is measured differently than its book value, which is the value of Universal that is recorded on the company's balance sheet. Investors also form their own opinion of Universal's value that differs from its market value or its book value, called intrinsic value, which is Universal'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 Universal's market value can be influenced by many factors that don't directly affect Universal'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 Universal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Universal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Universal'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.