Universal Historical Cash Flow
| USAP Stock | USD 44.41 0.01 0.02% |
Analysis of Universal Stainless cash flow over time is an excellent tool to project Universal Stainless Alloy future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Sale Purchase Of Stock of 148.5 K or Change To Inventory of 8.2 M as it is a great indicator of Universal Stainless ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Universal Stainless Alloy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Universal Stainless Alloy is a good buy for the upcoming year.
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About Universal Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Universal balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Universal's non-liquid assets can be easily converted into cash.
Universal Stainless Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Capital Expenditures
Capital Expenditures are funds used by Universal Stainless Alloy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Universal Stainless operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Universal Stainless' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Universal Stainless Alloy current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Stainless Alloy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Universal Stainless' Cash And Cash Equivalents Changes is relatively stable compared to the past year. As of 11/29/2024, Other Cashflows From Investing Activities is likely to grow to about 12.1 K, while Other Cashflows From Financing Activities is likely to drop slightly above 284.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Begin Period Cash Flow | 164K | 118K | 2.0M | 4.0M | End Period Cash Flow | 118K | 2.0M | 394K | 374.3K |
Universal Stainless cash flow statement Correlations
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Universal Stainless Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal Stainless cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Sale Purchase Of Stock | 471K | 150K | 193K | 123K | 141.5K | 148.5K | |
| Change To Inventory | (15.0M) | 34.3M | (31.0M) | (15.1M) | 7.8M | 8.2M | |
| Change In Cash | (3.9M) | (6K) | (46K) | 1.9M | (1.6M) | (1.5M) | |
| Free Cash Flow | (21.8M) | 14.7M | (29.1M) | (21.0M) | 12.2M | 12.8M | |
| Change In Working Capital | (29.2M) | 27.2M | (24.4M) | (18.8M) | (663K) | (696.2K) | |
| Other Cashflows From Financing Activities | 174.9M | 150K | (346K) | 1.8M | 299K | 284.1K | |
| Depreciation | 19.1M | 19.4M | 19.3M | 19.4M | 19.4M | 9.9M | |
| Other Non Cash Items | 56.7M | 11.9M | (10M) | 52.4M | 2.1M | 2.0M | |
| Capital Expenditures | 17.4M | 9.2M | 11.1M | 12.1M | 13.0M | 10.6M | |
| Total Cash From Operating Activities | (4.4M) | 23.8M | (18.0M) | (8.9M) | 25.2M | 26.5M | |
| Net Income | 4.3M | (19.0M) | (758K) | (8.1M) | 4.9M | 3.4M | |
| Total Cash From Financing Activities | 17.8M | (14.7M) | 29.0M | 22.9M | (13.8M) | (13.1M) | |
| End Period Cash Flow | 170K | 164K | 118K | 2.0M | 394K | 374.3K | |
| Begin Period Cash Flow | 4.1M | 170K | 164K | 118K | 2.0M | 4.0M | |
| Change To Liabilities | (4.8M) | (27.0M) | 10.9M | 9.0M | 8.1M | 8.5M | |
| Stock Based Compensation | 1.4M | 1.5M | 1.1M | 1.3M | 1.3M | 1.3M | |
| Change To Account Receivables | (3.0M) | 17.5M | (3.1M) | (9.8M) | (8.1M) | (7.7M) | |
| Change Receivables | (3.0M) | 17.5M | (3.1M) | (9.8M) | (8.8M) | (8.4M) | |
| Net Borrowings | 17.4M | (24.8M) | 29.4M | 21.0M | 18.9M | 19.9M | |
| Total Cashflows From Investing Activities | (17.4M) | (9.2M) | (11.1M) | (12.1M) | (13.9M) | (14.6M) | |
| Cash And Cash Equivalents Changes | (3.9M) | (6K) | (46K) | 1.9M | 2.2M | 2.3M | |
| Cash Flows Other Operating | (5.9M) | 2.4M | (3.7M) | (3.0M) | (2.7M) | (2.6M) | |
| Change To Netincome | 873K | (3.8M) | (12.1M) | (1.4M) | (1.3M) | (1.2M) | |
| Change To Operating Activities | (9.4M) | 404K | (1.3M) | (4.5M) | (4.0M) | (3.8M) | |
| Investments | (17.4M) | (9.2M) | (11.1M) | (12.1M) | (13.0M) | (13.7M) |
Pair Trading with Universal Stainless
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 Universal Stainless 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 Universal Stainless will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
Moving against Universal Stock
| 0.86 | GURE | Gulf Resources | PairCorr |
| 0.72 | BAK | Braskem SA Class | PairCorr |
| 0.71 | HLP | Hongli Group Ordinary | PairCorr |
| 0.67 | PKX | POSCO Holdings | PairCorr |
| 0.59 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to Universal Stainless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Stainless 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 Universal Stainless - 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 Universal Stainless Alloy to buy it.
The correlation of Universal Stainless 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 Universal Stainless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Stainless Alloy 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 Universal Stainless 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.Additional Tools for Universal Stock Analysis
When running Universal Stainless' price analysis, check to measure Universal Stainless' 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 Stainless is operating at the current time. Most of Universal Stainless' value examination focuses on studying past and present price action to predict the probability of Universal Stainless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Stainless' price. Additionally, you may evaluate how the addition of Universal Stainless to your portfolios can decrease your overall portfolio volatility.