UCAR Non Current Assets Total vs Total Revenue Analysis
| UCAR Stock | 6.32 0.16 2.60% |
U Power financial indicator trend analysis is much more than just breaking down U Power Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether U Power Limited is a good investment. Please check the relationship between U Power Non Current Assets Total and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in U Power Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Non Current Assets Total vs Total Revenue
Non Current Assets Total vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of U Power Limited Non Current Assets Total account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between U Power's Non Current Assets Total and Total Revenue is 0.97. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Revenue in the same time period over historical financial statements of U Power Limited, assuming nothing else is changed. The correlation between historical values of U Power's Non Current Assets Total and Total Revenue 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 Current Assets Total of U Power Limited are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Non Current Assets Total i.e., U Power's Non Current Assets Total and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Revenue
Total revenue comprises all receipts U Power Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from U Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into U Power Limited 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 U Power Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. As of 12/01/2024, Tax Provision is likely to drop to about 1.4 M. In addition to that, Selling General Administrative is likely to drop to about 35.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 5.2M | 7.7M | 8.3M | 6.2M | Interest Income | 437K | 49K | 562K | 296.8K |
U Power fundamental ratios Correlations
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U Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
| 0.45 | WING | Wingstop | PairCorr |
| 0.44 | FND | Floor Decor Holdings | PairCorr |
| 0.44 | HVT | Haverty Furniture | PairCorr |
| 0.43 | 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.