Unit Price To Earning vs. Cash Per Share
| UNTCW Stock | USD 0.45 0.12 36.36% |
For Unit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Unit to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Unit Corporation utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Unit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Unit Corporation over time as well as its relative position and ranking within its peers.
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Unit Cash Per Share vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Unit's current stock value. Our valuation model uses many indicators to compare Unit value to that of its competitors to determine the firm's financial worth. Unit Corporation is rated first in price to earning category among its peers. It is rated first in cash per share category among its peers fabricating about 3.19 of Cash Per Share per Price To Earning. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Unit's earnings, one of the primary drivers of an investment's value.Unit Cash Per Share vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Unit |
| = | 2.00 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 6.38 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Unit Cash Per Share Comparison
Unit is currently under evaluation in cash per share category among its peers.
Unit Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Unit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Unit will eventually generate negative long term returns. The profitability progress is the general direction of Unit's change in net profit over the period of time. It can combine multiple indicators of Unit, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. Unit Corporation was incorporated in 1963 and is headquartered in Tulsa, Oklahoma. Unit Corp operates under Oil Gas Integrated classification in the United States and is traded on OTC Exchange. It employs 788 people.
Unit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Unit. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Unit position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Unit's important profitability drivers and their relationship over time.
Use Unit in pair-trading
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 Unit 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 Unit will appreciate offsetting losses from the drop in the long position's value.Unit Pair Trading
Unit Corporation Pair Trading Analysis
The ability to find closely correlated positions to Unit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unit 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 Unit - 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 Unit Corporation to buy it.
The correlation of Unit 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 Unit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unit 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 Unit 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.Use Investing Themes to Complement your Unit position
In addition to having Unit in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Insurance Providers Thematic Idea Now
Insurance Providers
Companies providing all types of insurance and insurance services. The Insurance Providers theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Insurance Providers Theme or any other thematic opportunities.
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Additional Tools for Unit Pink Sheet Analysis
When running Unit's price analysis, check to measure Unit's 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 Unit is operating at the current time. Most of Unit's value examination focuses on studying past and present price action to predict the probability of Unit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unit's price. Additionally, you may evaluate how the addition of Unit to your portfolios can decrease your overall portfolio volatility.