United Total Other Income Expense Net vs Reconciled Depreciation Analysis
| UBFO Stock | USD 9.70 0.03 0.31% |
United Security financial indicator trend analysis is much more than just breaking down United Security Banc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Security Banc is a good investment. Please check the relationship between United Security Total Other Income Expense Net and its Reconciled Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Security Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Total Other Income Expense Net vs Reconciled Depreciation
Total Other Income Expense Net vs Reconciled Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Security Banc Total Other Income Expense Net account and Reconciled Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between United Security's Total Other Income Expense Net and Reconciled Depreciation is -0.41. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of United Security Bancshares, assuming nothing else is changed. The correlation between historical values of United Security's Total Other Income Expense Net and Reconciled Depreciation 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 Other Income Expense Net of United Security Bancshares are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Total Other Income Expense Net i.e., United Security's Total Other Income Expense Net and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Other Income Expense Net
Reconciled Depreciation
Most indicators from United Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Security Banc 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 United Security Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At this time, United Security's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Multiple is likely to grow to 6.31, while Selling General Administrative is likely to drop about 11 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 38.9M | 47.8M | 65.4M | 35.7M | Interest Expense | 2.1M | 3.2M | 11.1M | 11.6M |
United Security fundamental ratios Correlations
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United Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
United Security fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 956.9M | 1.1B | 1.3B | 1.3B | 1.2B | 802.4M | |
| Total Stockholder Equity | 116.0M | 117.8M | 120.2M | 112.5M | 122.5M | 84.3M | |
| Other Assets | 556.1M | 605.4M | 726.6M | 1.0B | 1.0 | 0.95 | |
| Common Stock Shares Outstanding | 17.0M | 17.0M | 17.0M | 17.1M | 17.1M | 18.2M | |
| Liabilities And Stockholders Equity | 956.9M | 1.1B | 1.3B | 1.3B | 1.2B | 802.4M | |
| Other Stockholder Equity | 368K | (728K) | (1.2M) | (17.5M) | (1.0) | (0.95) | |
| Total Liab | 840.9M | 974.8M | 13.9M | 1.2B | 1.1B | 667.5M | |
| Short Long Term Debt Total | 14.3M | 13.9M | 13.9M | 13.0M | 74.7M | 78.4M | |
| Other Current Liab | (59K) | (33K) | 1.2B | 810.1M | 931.6M | 978.2M | |
| Total Current Liabilities | 59K | 33K | 2.7M | 2.1M | 872.7M | 916.3M | |
| Other Liab | 8.2M | 8.3M | 8.7M | 8.3M | 9.5M | 6.8M | |
| Property Plant And Equipment Net | 12.7M | 11.0M | 11.5M | 11.8M | 10.4M | 11.5M | |
| Net Debt | (204.7M) | (280.2M) | (205.3M) | (25.6M) | 33.9M | 35.6M | |
| Retained Earnings | 57.6M | 59.1M | 61.7M | 69.9M | 77.0M | 45.1M | |
| Accounts Payable | 59K | 33K | 1.2B | 1.2B | 1.3B | 1.4B | |
| Cash | 219.0M | 294.1M | 219.2M | 38.6M | 40.8M | 38.7M | |
| Non Current Assets Total | 97.3M | 101.7M | 198.7M | 29.1M | 1.2B | 1.2B | |
| Non Currrent Assets Other | (3.2M) | (2.9M) | (3.6M) | (210.9M) | 1.1B | 1.2B | |
| Long Term Debt | 10.8M | 10.9M | 11.2M | 10.9M | 11.2M | 9.8M | |
| Cash And Short Term Investments | 295.3M | 376.4M | 398.1M | 246.1M | (40.6M) | (38.5M) | |
| Net Receivables | 8.2M | 9.1M | 7.5M | 8.5M | 7.9M | 4.7M | |
| Common Stock Total Equity | 58.6M | 59.0M | 59.4M | 59.6M | 68.6M | 45.1M | |
| Non Current Liabilities Total | 14.3M | 13.9M | 13.9M | 1.2B | 218.8M | 229.7M | |
| Inventory | (234.0M) | (307.2M) | (231.3M) | 4.6M | 32.6M | 34.3M | |
| Property Plant And Equipment Gross | 12.7M | 12.0M | 11.5M | 11.8M | 29.9M | 31.4M | |
| Total Current Assets | 303.5M | 385.5M | 405.7M | 247.7M | 53.3M | 50.6M | |
| Accumulated Other Comprehensive Income | (632K) | (728K) | (1.2M) | (17.5M) | (15.0M) | (14.3M) | |
| Common Stock | 59.0M | 59.4M | 59.6M | 60.0M | 60.6M | 45.2M | |
| Property Plant Equipment | 9.4M | 11.0M | 11.5M | 11.8M | 13.5M | 11.4M | |
| Short Term Investments | 76.3M | 82.3M | 178.9M | 207.5M | 181.3M | 190.3M | |
| Other Current Assets | 234.0M | 307.2M | 231.3M | (6.9M) | 53.3M | 50.6M | |
| Net Tangible Assets | 111.5M | 113.3M | 115.7M | 108.0M | 124.2M | 100.8M | |
| Retained Earnings Total Equity | 49.9M | 57.6M | 59.1M | 61.7M | 71.0M | 46.3M | |
| Long Term Debt Total | 10.2M | 10.8M | 10.9M | 11.2M | 12.9M | 11.0M | |
| Long Term Investments | 588.6M | 86.2M | 182.6M | 210.9M | 187.8M | 315.5M |
Pair Trading with United Security
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 United Security 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 United Security will appreciate offsetting losses from the drop in the long position's value.Moving together with United Stock
| 0.76 | AX | Axos Financial | PairCorr |
| 0.77 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.84 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against United Stock
| 0.51 | TFC-PO | Truist Financial | PairCorr |
| 0.46 | WF | Woori Financial Group | PairCorr |
| 0.43 | TFC-PR | Truist Financial | PairCorr |
| 0.38 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to United Security could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Security 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 United Security - 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 United Security Bancshares to buy it.
The correlation of United Security 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 United Security moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Security Banc 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 United Security 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 United Security Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Regional Banks space 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 United Security. If investors know United 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 United Security listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.48 | Earnings Share 1.04 | Revenue Per Share 3.026 | Quarterly Revenue Growth 0.02 | Return On Assets 0.014 |
The market value of United Security Banc is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Security's value that differs from its market value or its book value, called intrinsic value, which is United Security'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 United Security's market value can be influenced by many factors that don't directly affect United Security'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 United Security's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Security is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Security'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.