| UUU Stock | | | USD 2.17 0.01 0.46% |
Universal Security financial indicator trend analysis is much more than just breaking down Universal Security prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Security is a good investment. Please check the relationship between Universal Security Cash And Short Term Investments and its Retained Earnings accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Security Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Security Cash And Short Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Universal Security's Cash And Short Term Investments and Retained Earnings is 0.85. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Universal Security Instruments, assuming nothing else is changed. The correlation between historical values of Universal Security's Cash And Short Term Investments and Retained Earnings 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 And Short Term Investments of Universal Security Instruments are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., Universal Security's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Universal Security balance sheet. This account contains Universal Security investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Universal Security Instruments fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Universal Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Security 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 Security Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Enterprise Value is likely to gain to about 9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 5
M in 2024.
Universal Security fundamental ratios Correlations
Click cells to compare fundamentals
Universal Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal Security fundamental ratios Accounts
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Additional Tools for Universal Stock Analysis
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