UBS Stock | | | USD 31.86 0.16 0.50% |
UBS Group financial indicator trend analysis is much more than just breaking down UBS Group AG prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UBS Group AG is a good investment. Please check the relationship between UBS Group Ptb Ratio and its Average Payables accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in UBS Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Ptb Ratio vs Average Payables
Ptb Ratio vs Average Payables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
UBS Group AG Ptb Ratio account and
Average Payables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between UBS Group's Ptb Ratio and Average Payables is -0.42. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Average Payables in the same time period over historical financial statements of UBS Group AG, assuming nothing else is changed. The correlation between historical values of UBS Group's Ptb Ratio and Average Payables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of UBS Group AG are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Ptb Ratio i.e., UBS Group's Ptb Ratio and Average Payables go up and down completely randomly.
Correlation Coefficient | -0.42 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.
Most indicators from UBS Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UBS Group AG 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 UBS Group AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
At this time, UBS Group's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 3.70 in 2024, whereas
Tax Provision is likely to drop slightly above 1.3
B in 2024.
UBS Group fundamental ratios Correlations
Click cells to compare fundamentals
UBS Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
UBS Group fundamental ratios Accounts
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Additional Tools for UBS Stock Analysis
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