UNTY Stock | | | USD 44.72 1.26 2.74% |
Unity Bancorp financial indicator trend analysis is much more than just breaking down Unity Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Unity Bancorp is a good investment. Please check the relationship between Unity Bancorp Treasury Stock and its Total Stockholder Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Unity Stock please use our
How to Invest in Unity Bancorp guide.
Treasury Stock vs Total Stockholder Equity
Treasury Stock vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Unity Bancorp Treasury Stock account and
Total Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between Unity Bancorp's Treasury Stock and Total Stockholder Equity is -0.89. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Unity Bancorp, assuming nothing else is changed. The correlation between historical values of Unity Bancorp's Treasury Stock and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Unity Bancorp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Treasury Stock i.e., Unity Bancorp's Treasury Stock and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Treasury Stock
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Unity Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unity Bancorp 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 Unity Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Unity Stock please use our
How to Invest in Unity Bancorp guide.At this time, Unity Bancorp's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.40 in 2024, whereas
Tax Provision is likely to drop slightly above 9.8
M in 2024.
Unity Bancorp fundamental ratios Correlations
Click cells to compare fundamentals
Unity Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Unity Bancorp fundamental ratios Accounts
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Additional Tools for Unity Stock Analysis
When running Unity Bancorp's price analysis, check to
measure Unity Bancorp'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 Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to
predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.