UCAR Accumulated Other Comprehensive Income from 2010 to 2024
| UCAR Stock | 6.16 0.32 4.94% |
Accumulated Other Comprehensive Income | First Reported 2010-12-31 | Previous Quarter 446 K | Current Value 468.3 K | Quarterly Volatility 160.9 K |
Check U Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among U Power's main balance sheet or income statement drivers, such as Tax Provision of 1.4 M, Interest Income of 296.8 K or Depreciation And Amortization of 6.2 M, as well as many indicators such as Price To Sales Ratio of 7.54, Dividend Yield of 0.0 or PTB Ratio of 0.49. UCAR financial statements analysis is a perfect complement when working with U Power Valuation or Volatility modules.
UCAR | Accumulated Other Comprehensive Income |
Pair Trading with U Power
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 U Power 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 U Power will appreciate offsetting losses from the drop in the long position's value.Moving against UCAR Stock
| 0.57 | ARHS | Arhaus Inc | PairCorr |
| 0.47 | WING | Wingstop | PairCorr |
| 0.46 | HVT | Haverty Furniture | PairCorr |
| 0.44 | FND | Floor Decor Holdings | PairCorr |
| 0.41 | WSM | Williams Sonoma | PairCorr |
The ability to find closely correlated positions to U Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace U Power 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 U Power - 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 U Power Limited to buy it.
The correlation of U Power 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 U Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if U Power Limited 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 U Power 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 UCAR Stock Analysis
When running U Power's price analysis, check to measure U Power'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 U Power is operating at the current time. Most of U Power's value examination focuses on studying past and present price action to predict the probability of U Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move U Power's price. Additionally, you may evaluate how the addition of U Power to your portfolios can decrease your overall portfolio volatility.