Wheels Gross Profit from 2010 to 2024

UP Stock  USD 2.18  0.09  4.31%   
Wheels Up Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to grow to about -35.8 M this year. Gross Profit is the profit Wheels Up Experience makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals
 
Gross Profit  
First Reported
2010-12-31
Previous Quarter
-37.7 M
Current Value
-35.8 M
Quarterly Volatility
31.1 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Wheels Up financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wheels Up's main balance sheet or income statement drivers, such as Interest Expense of 43.3 M, Tax Provision of 436.8 K or Interest Income of 8.6 M, as well as many indicators such as Price To Sales Ratio of 0.34, Dividend Yield of 0.0 or PTB Ratio of 4.89. Wheels financial statements analysis is a perfect complement when working with Wheels Up Valuation or Volatility modules.
  
Check out the analysis of Wheels Up Correlation against competitors.

Latest Wheels Up's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Wheels Up Experience over the last few years. Gross profit is a required income statement account that reflects total revenue of Wheels Up Experience minus its cost of goods sold. It is profit before Wheels Up operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Wheels Up's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Wheels Up's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 43.49 M10 Years Trend
Slightly volatile
   Gross Profit   
       Timeline  

Wheels Gross Profit Regression Statistics

Arithmetic Mean36,339,940
Geometric Mean45,351,423
Coefficient Of Variation85.52
Mean Deviation19,498,371
Median44,239,000
Standard Deviation31,076,644
Sample Variance965.8T
Range114.3M
R-Value(0.46)
Mean Square Error818.1T
R-Squared0.21
Significance0.08
Slope(3,210,219)
Total Sum of Squares13520.6T

Wheels Gross Profit History

2024-35.8 M
2023-37.7 M
202239.4 M
202176.6 M
202060.2 M

Other Fundumenentals of Wheels Up Experience

Wheels Up Gross Profit component correlations

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Click cells to compare fundamentals

About Wheels Up Financial Statements

Wheels Up shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Wheels Up investors may analyze each financial statement separately, they are all interrelated. The changes in Wheels Up's assets and liabilities, for example, are also reflected in the revenues and expenses on on Wheels Up's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Gross Profit-37.7 M-35.8 M
Gross Profit Margin(0.03)(0.03)

Pair Trading with Wheels Up

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

Moving together with Wheels Stock

  0.66OMAB Grupo Aeroportuario delPairCorr

Moving against Wheels Stock

  0.44BA Boeing Fiscal Year End 29th of January 2025 PairCorr
The ability to find closely correlated positions to Wheels Up could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheels Up 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 Wheels Up - 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 Wheels Up Experience to buy it.
The correlation of Wheels Up 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 Wheels Up moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wheels Up Experience 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 Wheels Up 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

Additional Tools for Wheels Stock Analysis

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