Universal Music Group Reports 6 percent Q1 2024 Revenue Growth - Digital Music News
| UNVGY Stock | USD 11.89 0.06 0.51% |
Slightly above 54% of Universal Music's investor base is interested to short. The analysis of overall sentiment of trading Universal Music Group pink sheet suggests that many investors are impartial at this time. Universal Music's investing sentiment can be driven by a variety of factors including economic data, Universal Music's earnings reports, geopolitical events, and overall market trends.
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Universal Music Group Reports 6 percent Q1 2024 Revenue Growth Digital Music News
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Universal Music Fundamental Analysis
We analyze Universal Music's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Universal Music using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Universal Music based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Asset
Net Asset Comparative Analysis
Universal Music is currently under evaluation in net asset category among its peers. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Universal Music Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Universal Music pink sheet to make a market-neutral strategy. Peer analysis of Universal Music could also be used in its relative valuation, which is a method of valuing Universal Music by comparing valuation metrics with similar companies.
Peers
Universal Music Related Equities
| RDI | Reading International | 4.29 | ||||
| FWONK | Liberty Media | 1.32 | ||||
| FWONA | Liberty Media | 0.72 | ||||
| LYV | Live Nation | 0.62 | ||||
| BATRA | Atlanta Braves | 0.38 | ||||
| RSVR | Reservoir Media | 0.22 | ||||
| MSGS | Madison Square | 0.55 | ||||
| NWS | News Corp | 0.91 | ||||
| WMG | Warner Music | 0.93 | ||||
| BOIVF | Bolloré SE | 1.79 | ||||
| CLTFF | Celtic Plc | 5.24 | ||||
| OAMCF | OverActive Media | 10.53 |
Additional Tools for Universal Pink Sheet Analysis
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