| UHT Stock | | | USD 40.93 0.28 0.69% |
Universal Health financial indicator trend analysis is much more than just breaking down Universal Health Realty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Health Realty is a good investment. Please check the relationship between Universal Health Cash and its Property Plant And Equipment Gross accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Health Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Cash vs Property Plant And Equipment Gross
Cash vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Health Realty Cash account and
Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Universal Health's Cash and Property Plant And Equipment Gross is 0.13. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Universal Health Realty, assuming nothing else is changed. The correlation between historical values of Universal Health's Cash and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Universal Health Realty are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Cash i.e., Universal Health's Cash and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Universal Health Realty, which is listed under current asset account on Universal Health Realty balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Universal Health customers. The amounts must be unrestricted with restricted cash listed in a different Universal Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Property Plant And Equipment Gross
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 Realty 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 Universal Health Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Issuance Of Capital Stock is likely to gain to about 174
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.8
M 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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