| 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 Non Currrent Assets Other and its Cash And Short Term Investments 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.
Non Currrent Assets Other vs Cash And Short Term Investments
Non Currrent Assets Other vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Security Non Currrent Assets Other account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Universal Security's Non Currrent Assets Other and Cash And Short Term Investments is 0.33. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash And Short Term Investments 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 Non Currrent Assets Other and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Universal Security Instruments are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Universal Security's Non Currrent Assets Other and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.33 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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.
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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