Uniteds Non Current Assets Total vs Total Current Assets Analysis

UNC Stock  CAD 133.51  1.76  1.34%   
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 Non Current Assets Total and its Total Current Assets 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.

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Uniteds Limited Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Uniteds' Non Current Assets Total and Total Current Assets is -0.42. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Uniteds Limited, assuming nothing else is changed. The correlation between historical values of Uniteds' Non Current Assets Total and Total Current Assets 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 Uniteds Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., Uniteds' Non Current Assets Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.42
Relationship DirectionNegative 
Relationship StrengthVery Weak

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 Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 12th 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 Income329K1.9M2.5M1.3M
Net Interest Income329K923K2.3M2.4M

Uniteds fundamental ratios Correlations

0.120.441.00.860.5-0.11-0.420.66-0.1-0.36-0.360.56-0.40.10.46-0.790.820.830.18-0.76-0.610.830.780.24-0.09
0.120.540.130.10.360.260.17-0.060.080.4-0.02-0.010.18-0.040.13-0.260.27-0.030.080.16-0.140.20.180.230.02
0.440.540.440.390.660.16-0.160.180.010.090.020.36-0.150.160.29-0.670.680.19-0.08-0.07-0.320.520.490.45-0.02
1.00.130.440.860.49-0.09-0.40.65-0.11-0.34-0.380.52-0.390.080.47-0.80.840.820.2-0.76-0.630.830.780.24-0.09
0.860.10.390.860.33-0.31-0.430.53-0.59-0.31-0.570.45-0.410.10.48-0.820.730.780.13-0.85-0.770.880.830.07-0.57
0.50.360.660.490.330.32-0.220.050.22-0.220.180.42-0.20.390.69-0.50.550.150.08-0.11-0.120.250.250.510.24
-0.110.260.16-0.09-0.310.320.53-0.510.430.310.1-0.380.55-0.150.26-0.020.12-0.590.420.320.02-0.16-0.110.660.45
-0.420.17-0.16-0.4-0.43-0.220.53-0.530.050.840.14-0.491.0-0.71-0.170.15-0.14-0.420.10.430.11-0.15-0.14-0.060.07
0.66-0.060.180.650.530.05-0.51-0.53-0.06-0.41-0.380.59-0.53-0.10.13-0.30.330.79-0.11-0.43-0.340.530.49-0.11-0.11
-0.10.080.01-0.11-0.590.220.430.05-0.06-0.040.60.00.040.17-0.170.34-0.12-0.28-0.010.450.56-0.45-0.430.350.99
-0.360.40.09-0.34-0.31-0.220.310.84-0.41-0.040.07-0.580.84-0.69-0.15-0.040.03-0.30.090.39-0.090.060.03-0.18-0.07
-0.36-0.020.02-0.38-0.570.180.10.14-0.380.60.070.190.130.35-0.360.43-0.35-0.29-0.590.60.79-0.53-0.510.140.65
0.56-0.010.360.520.450.42-0.38-0.490.590.0-0.580.19-0.490.370.03-0.220.210.63-0.55-0.250.120.280.30.160.04
-0.40.18-0.15-0.39-0.41-0.20.551.0-0.530.040.840.13-0.49-0.72-0.140.13-0.12-0.420.130.420.09-0.13-0.12-0.050.07
0.1-0.040.160.080.10.39-0.15-0.71-0.10.17-0.690.350.37-0.720.10.03-0.03-0.04-0.28-0.140.24-0.22-0.20.390.21
0.460.130.290.470.480.690.26-0.170.13-0.17-0.15-0.360.03-0.140.1-0.50.490.140.37-0.34-0.560.390.380.37-0.16
-0.79-0.26-0.67-0.8-0.82-0.5-0.020.15-0.30.34-0.040.43-0.220.130.03-0.5-0.97-0.57-0.290.710.81-0.89-0.81-0.230.34
0.820.270.680.840.730.550.12-0.140.33-0.120.03-0.350.21-0.12-0.030.49-0.970.560.33-0.66-0.730.840.770.3-0.12
0.83-0.030.190.820.780.15-0.59-0.420.79-0.28-0.3-0.290.63-0.42-0.040.14-0.570.56-0.11-0.71-0.440.740.68-0.24-0.27
0.180.08-0.080.20.130.080.420.1-0.11-0.010.09-0.59-0.550.13-0.280.37-0.290.33-0.11-0.29-0.440.180.16-0.05-0.05
-0.760.16-0.07-0.76-0.85-0.110.320.43-0.430.450.390.6-0.250.42-0.14-0.340.71-0.66-0.71-0.290.71-0.69-0.630.020.43
-0.61-0.14-0.32-0.63-0.77-0.120.020.11-0.340.56-0.090.790.120.090.24-0.560.81-0.73-0.44-0.440.71-0.83-0.74-0.110.58
0.830.20.520.830.880.25-0.16-0.150.53-0.450.06-0.530.28-0.13-0.220.39-0.890.840.740.18-0.69-0.830.960.07-0.46
0.780.180.490.780.830.25-0.11-0.140.49-0.430.03-0.510.3-0.12-0.20.38-0.810.770.680.16-0.63-0.740.960.12-0.44
0.240.230.450.240.070.510.66-0.06-0.110.35-0.180.140.16-0.050.390.37-0.230.3-0.24-0.050.02-0.110.070.120.39
-0.090.02-0.02-0.09-0.570.240.450.07-0.110.99-0.070.650.040.070.21-0.160.34-0.12-0.27-0.050.430.58-0.46-0.440.39
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Uniteds Account Relationship Matchups

Uniteds fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B2.2B2.1B2.0B2.3B1.4B
Other Current Liab(3.8M)2.7M(7.9M)(6.8M)(10.3M)(9.8M)
Total Current Liabilities9.6M48.1M15.0M13.0M16.4M12.8M
Total Stockholder Equity1.7B2.1B2.0B1.9B2.2B1.3B
Retained Earnings1.1B1.5B1.5B1.4B1.7B1.8B
Accounts Payable3.8M9.4M7.9M6.8M1.7M1.6M
Other Assets608.7M201.3M124.2M370.6M(317.7M)(301.9M)
Cash And Short Term Investments43.9M99.3M68.4M66.4M55.0M52.3M
Common Stock Shares Outstanding12.2M12.1M12.1M11.8M11.5M9.7M
Short Term Investments(605.1M)(197.5M)(120.8M)(368.0M)(331.2M)(314.6M)
Liabilities And Stockholders Equity1.7B2.2B2.1B2.0B2.3B1.4B
Total Liab29.4M80.8M32.7M13.0M86.6M44.6M
Total Current Assets58.2M102.9M82.8M88.0M61.5M58.4M
Common Stock537.9M536.7M535.9M515.0M493.7M531.6M
Net Receivables10.6M3.7M13.4M11.5M6.5M8.0M
Net Debt(40.3M)(95.5M)(65.0M)(63.8M)(55.0M)(52.3M)
Cash43.9M99.3M68.4M66.4M55.0M28.0M
Non Current Assets Total1.0B1.8B1.8B1.5B2.6B1.5B
Non Currrent Assets Other(2.3B)(2.4B)(2.2B)(2.3B)(2.2B)(2.3B)
Other Liab48.1M19.9M32.7M17.7M15.9M15.1M
Net Tangible Assets1.7B2.1B2.0B1.9B2.2B1.9B
Long Term Investments1.6B2.0B2.0B1.9B2.2B1.9B
Cash And Equivalents12.2M43.8M43.9M25.0M20M0.0
Capital Stock537.9M536.7M535.9M515.0M499.9M422.2M

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

  0.63BIP-PB Brookfield InfrastructurePairCorr

Moving against Uniteds Stock

  0.88VCM Vecima NetworksPairCorr
  0.41MOX Morien Resources CorpPairCorr
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.
Pair CorrelationCorrelation Matching

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.