Uniteds Dividend Yield vs Free Cash Flow Yield Analysis
UNC Stock | CAD 130.55 0.37 0.28% |
Uniteds financial indicator trend analysis is much more than just breaking down Uniteds Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Uniteds Limited is a good investment. Please check the relationship between Uniteds Dividend Yield and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Uniteds 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 board of governors.
Dividend Yield vs Free Cash Flow Yield
Dividend Yield vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uniteds Limited Dividend Yield account and Free Cash Flow Yield. At this time, the significance of the direction appears to have strong relationship.
The correlation between Uniteds' Dividend Yield and Free Cash Flow Yield is 0.74. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Uniteds Limited, assuming nothing else is changed. The correlation between historical values of Uniteds' Dividend Yield and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Uniteds Limited are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Dividend Yield i.e., Uniteds' Dividend Yield and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Dividend Yield
Dividend Yield is Uniteds Limited dividend as a percentage of Uniteds stock price. Uniteds Limited dividend yield is a measure of Uniteds stock productivity, which can be interpreted as interest rate earned on an Uniteds investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Uniteds' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Uniteds 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 Uniteds 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 board of governors. At this time, Uniteds' Tax Provision is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 36.50, while Selling General Administrative is likely to drop about 1.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 329K | 1.9M | 2.5M | 1.3M | Net Interest Income | 329K | 923K | 2.3M | 2.4M |
Uniteds fundamental ratios Correlations
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Uniteds Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Uniteds fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.2B | 2.1B | 2.0B | 2.3B | 1.4B | |
Other Current Liab | (3.8M) | 2.7M | (7.9M) | (6.8M) | (10.3M) | (9.8M) | |
Total Current Liabilities | 9.6M | 48.1M | 15.0M | 13.0M | 16.4M | 12.8M | |
Total Stockholder Equity | 1.7B | 2.1B | 2.0B | 1.9B | 2.2B | 1.3B | |
Retained Earnings | 1.1B | 1.5B | 1.5B | 1.4B | 1.7B | 1.8B | |
Accounts Payable | 3.8M | 9.4M | 7.9M | 6.8M | 1.7M | 1.6M | |
Other Assets | 608.7M | 201.3M | 124.2M | 370.6M | (317.7M) | (301.9M) | |
Cash And Short Term Investments | 43.9M | 99.3M | 68.4M | 66.4M | 55.0M | 52.3M | |
Common Stock Shares Outstanding | 12.2M | 12.1M | 12.1M | 11.8M | 11.5M | 9.7M | |
Short Term Investments | (605.1M) | (197.5M) | (120.8M) | (368.0M) | (331.2M) | (314.6M) | |
Liabilities And Stockholders Equity | 1.7B | 2.2B | 2.1B | 2.0B | 2.3B | 1.4B | |
Total Liab | 29.4M | 80.8M | 32.7M | 13.0M | 86.6M | 44.6M | |
Total Current Assets | 58.2M | 102.9M | 82.8M | 88.0M | 61.5M | 58.4M | |
Common Stock | 537.9M | 536.7M | 535.9M | 515.0M | 493.7M | 531.6M | |
Net Receivables | 10.6M | 3.7M | 13.4M | 11.5M | 6.5M | 8.0M | |
Net Debt | (40.3M) | (95.5M) | (65.0M) | (63.8M) | (55.0M) | (52.3M) | |
Cash | 43.9M | 99.3M | 68.4M | 66.4M | 55.0M | 28.0M | |
Non Current Assets Total | 1.0B | 1.8B | 1.8B | 1.5B | 2.6B | 1.5B | |
Non Currrent Assets Other | (2.3B) | (2.4B) | (2.2B) | (2.3B) | (2.2B) | (2.3B) | |
Other Liab | 48.1M | 19.9M | 32.7M | 17.7M | 15.9M | 15.1M | |
Net Tangible Assets | 1.7B | 2.1B | 2.0B | 1.9B | 2.2B | 1.9B | |
Long Term Investments | 1.6B | 2.0B | 2.0B | 1.9B | 2.2B | 1.9B | |
Cash And Equivalents | 12.2M | 43.8M | 43.9M | 25.0M | 20M | 0.0 | |
Capital Stock | 537.9M | 536.7M | 535.9M | 515.0M | 499.9M | 422.2M |
Pair Trading with Uniteds
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 Uniteds 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 Uniteds will appreciate offsetting losses from the drop in the long position's value.Moving together with Uniteds Stock
The ability to find closely correlated positions to Uniteds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uniteds 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 Uniteds - 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 Uniteds Limited to buy it.
The correlation of Uniteds 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 Uniteds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uniteds 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 Uniteds 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.Other Information on Investing in Uniteds Stock
Balance Sheet is a snapshot of the financial position of Uniteds Limited at a specified time, usually calculated after every quarter, six months, or one year. Uniteds Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Uniteds and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Uniteds currently owns. An asset can also be divided into two categories, current and non-current.