| 0GDR Stock | | | 7.19 0.10 1.37% |
UNIQA Insurance financial indicator trend analysis is much more than just breaking down UNIQA Insurance Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UNIQA Insurance Group is a good investment. Please check the relationship between UNIQA Insurance Total Current Assets and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in UNIQA Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Current Assets vs Operating Income
Total Current Assets vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
UNIQA Insurance Group Total Current Assets account and
Operating Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between UNIQA Insurance's Total Current Assets and Operating Income is 0.34. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Operating Income in the same time period over historical financial statements of UNIQA Insurance Group, assuming nothing else is changed. The correlation between historical values of UNIQA Insurance's Total Current Assets and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of UNIQA Insurance Group are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Current Assets i.e., UNIQA Insurance's Total Current Assets and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Operating Income
Operating Income is the amount of profit realized from UNIQA Insurance Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of UNIQA Insurance Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from UNIQA Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UNIQA Insurance 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in UNIQA Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 48.2
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 114
M in 2024.
UNIQA Insurance fundamental ratios Correlations
Click cells to compare fundamentals
UNIQA Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
UNIQA Insurance fundamental ratios Accounts
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measure UNIQA Insurance'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 UNIQA Insurance is operating at the current time. Most of UNIQA Insurance's value examination focuses on studying past and present price action to
predict the probability of UNIQA Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UNIQA Insurance's price. Additionally, you may evaluate how the addition of UNIQA Insurance to your portfolios can decrease your overall portfolio volatility.