0LJL Stock | | | 205.00 1.72 0.85% |
Universal Health financial indicator trend analysis is much more than just breaking down Universal Health Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Health Services is a good investment. Please check the relationship between Universal Health Other Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Universal Health Services. 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.
Other Stockholder Equity vs Common Stock Shares Outstanding
Other Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Health Services Other Stockholder Equity account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Universal Health's Other Stockholder Equity and Common Stock Shares Outstanding is 0.92. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Universal Health Services, assuming nothing else is changed. The correlation between historical values of Universal Health's Other Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Universal Health Services are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Stockholder Equity i.e., Universal Health's Other Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Stockholder Equity
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Universal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Health Services 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 Universal Health Services. 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.
Selling General Administrative is likely to gain to about 7.6
B in 2024
Universal Health fundamental ratios Correlations
Click cells to compare fundamentals
Universal Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal Health fundamental ratios Accounts
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Additional Tools for Universal Stock Analysis
When running Universal Health's price analysis, check to
measure Universal Health'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 Universal Health is operating at the current time. Most of Universal Health's value examination focuses on studying past and present price action to
predict the probability of Universal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Health's price. Additionally, you may evaluate how the addition of Universal Health to your portfolios can decrease your overall portfolio volatility.