| UUU Stock | | | USD 2.21 0.01 0.45% |
Universal Security financial indicator trend analysis is much more than just breaking down Universal Security prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Security is a good investment. Please check the relationship between Universal Security Net Income and its Other Non Cash Items accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Security Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Net Income vs Other Non Cash Items
Net Income vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Security Net Income account and
Other Non Cash Items. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Universal Security's Net Income and Other Non Cash Items is -0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Universal Security Instruments, assuming nothing else is changed. The correlation between historical values of Universal Security's Net Income and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Universal Security Instruments are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Income i.e., Universal Security's Net Income and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Universal Security financial statement analysis. It represents the amount of money remaining after all of Universal Security Instruments operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Other Non Cash Items
Most indicators from Universal Security's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Security 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 Universal Security Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
Enterprise Value is likely to gain to about 9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 5
M in 2024.
Universal Security fundamental ratios Correlations
Click cells to compare fundamentals
Universal Security Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal Security fundamental ratios Accounts
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Additional Tools for Universal Stock Analysis
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