Universal Return On Equity from 2010 to 2025
Universal Apparel Return On Equity yearly trend continues to be relatively stable with very little volatility. Return On Equity is likely to drop to 0.02. Return On Equity is a measure of the profitability of Universal Apparel Textile in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
Check out the analysis of Universal Apparel Correlation against competitors.
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.0204 | Current Value 0.0194 | Quarterly Volatility 0.22801076 |
Check Universal Apparel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Universal Apparel's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 30.9 K or Total Revenue of 2.4 M, as well as many indicators such as Price To Sales Ratio of 0.14, Dividend Yield of 0.0 or Days Sales Outstanding of 57.24. Universal financial statements analysis is a perfect complement when working with Universal Apparel Valuation or Volatility modules.
Universal | Return On Equity | Build AI portfolio with Universal Stock |
Pair Trading with Universal Apparel
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 Universal Apparel 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 Universal Apparel will appreciate offsetting losses from the drop in the long position's value.Moving together with Universal Stock
Moving against Universal Stock
| 0.84 | OXBC | Oxford Bank | PairCorr |
| 0.74 | TD | Toronto Dominion Bank | PairCorr |
| 0.74 | FTS | Fortis Inc | PairCorr |
| 0.73 | WPFH | World Poker Fund | PairCorr |
| 0.72 | NXT | Nextracker Class A Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Universal Apparel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Universal Apparel 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 Universal Apparel - 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 Universal Apparel Textile to buy it.
The correlation of Universal Apparel 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 Universal Apparel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Apparel Textile 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 Universal Apparel 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 Universal Stock Analysis
When running Universal Apparel's price analysis, check to measure Universal Apparel'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 Universal Apparel is operating at the current time. Most of Universal Apparel's value examination focuses on studying past and present price action to predict the probability of Universal Apparel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Universal Apparel's price. Additionally, you may evaluate how the addition of Universal Apparel to your portfolios can decrease your overall portfolio volatility.