United Total Assets vs Common Stock Analysis

UFCS Stock

USD 23.58 0.28 1.20%

United Fire financial indicator trend analysis is much more than just breaking down United Fire Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Fire Group is a good investment. Please check the relationship between United Fire Total Assets and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Total Assets vs Common Stock

Total Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Total Assets account and Common Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between United Fire's Total Assets and Common Stock is -0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of United Fire Group, assuming nothing else is changed. The correlation between historical values of United Fire's Total Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of United Fire Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Assets i.e., United Fire's Total Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of United Fire assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in United Fire Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Common Stock

Most indicators from United Fire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Fire Group 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 United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, United Fire's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 45.56 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 707.9 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	980.3M	1.1B	634.4M
Total Revenue	1.1B	980.3M	1.1B	635.1M

Gross Profit Total Revenue

United Fire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Common Stock	Other Current Liab	Other Liab
Total Assets		0.09	0.87	-0.85	0.67	0.7	0.84	0.7	0.88	0.67	-0.02	-0.23	-0.62	0.19	-0.04	0.43	0.41	0.63	0.53	0.61	-0.84	-0.83	-0.04	-0.84	0.27	-0.09
Short Long Term Debt Total	0.09		0.16	0.21	0.25	-0.14	0.36	-0.43	0.37	-0.18	0.74	0.5	0.37	0.65	0.73	0.26	0.04	0.5	0.49	-0.1	-0.41	-0.41	-0.21	-0.41	0.48	0.42
Total Stockholder Equity	0.87	0.16		-0.72	0.93	0.3	0.85	0.37	0.9	0.33	0.3	0.07	-0.31	0.36	0.25	0.7	0.12	0.57	0.46	0.4	-0.87	-0.88	0.03	-0.87	0.49	0.13
Net Debt	-0.85	0.21	-0.72		-0.52	-0.6	-0.69	-0.7	-0.68	-0.55	0.22	0.3	0.65	0.07	0.24	-0.34	-0.5	-0.65	-0.6	-0.72	0.66	0.64	0.08	0.66	-0.07	0.15
Retained Earnings	0.67	0.25	0.93	-0.52		0.06	0.76	0.1	0.83	0.15	0.49	0.24	-0.07	0.49	0.44	0.72	-0.09	0.45	0.33	0.2	-0.8	-0.81	-0.02	-0.8	0.55	0.35
Other Assets	0.7	-0.14	0.3	-0.6	0.06		0.4	0.84	0.41	0.93	-0.46	-0.59	-0.77	-0.11	-0.42	-0.2	0.46	0.32	0.29	0.52	-0.36	-0.35	-0.02	-0.36	-0.08	-0.3
Common Stock Shares Outstanding	0.84	0.36	0.85	-0.69	0.76	0.4		0.37	0.87	0.45	0.41	0.21	-0.24	0.57	0.4	0.48	0.31	0.8	0.71	0.53	-0.99	-0.99	-0.26	-0.99	0.4	0.26
Non Current Liabilities Total	0.7	-0.43	0.37	-0.7	0.1	0.84	0.37		0.39	0.88	-0.65	-0.61	-0.81	-0.36	-0.63	-0.09	0.58	0.18	0.14	0.7	-0.32	-0.3	-0.02	-0.32	-0.3	-0.45
Other Stockholder Equity	0.88	0.37	0.9	-0.68	0.83	0.41	0.87	0.39		0.45	0.27	0.02	-0.38	0.36	0.23	0.59	0.31	0.62	0.51	0.48	-0.89	-0.89	-0.22	-0.89	0.36	0.14
Total Liab	0.67	-0.18	0.33	-0.55	0.15	0.93	0.45	0.88	0.45		-0.44	-0.52	-0.7	-0.08	-0.4	-0.2	0.46	0.22	0.17	0.57	-0.4	-0.38	-0.11	-0.4	-0.17	-0.23
Property Plant And Equipment Net	-0.02	0.74	0.3	0.22	0.49	-0.46	0.41	-0.65	0.27	-0.44		0.82	0.68	0.89	0.99	0.35	-0.43	0.4	0.37	-0.36	-0.46	-0.48	-0.12	-0.46	0.68	0.68
Non Current Assets Total	-0.23	0.5	0.07	0.3	0.24	-0.59	0.21	-0.61	0.02	-0.52	0.82		0.87	0.75	0.85	-0.02	-0.41	0.23	0.23	-0.32	-0.23	-0.26	-0.28	-0.23	0.42	0.63
Non Currrent Assets Other	-0.62	0.37	-0.31	0.65	-0.07	-0.77	-0.24	-0.81	-0.38	-0.7	0.68	0.87		0.53	0.71	-0.18	-0.57	-0.15	-0.11	-0.58	0.22	0.19	0.0	0.22	0.33	0.5
Net Receivables	0.19	0.65	0.36	0.07	0.49	-0.11	0.57	-0.36	0.36	-0.08	0.89	0.75	0.53		0.93	0.12	-0.41	0.46	0.43	-0.27	-0.59	-0.62	-0.24	-0.59	0.67	0.68
Property Plant And Equipment Gross	-0.04	0.73	0.25	0.24	0.44	-0.42	0.4	-0.63	0.23	-0.4	0.99	0.85	0.71	0.93		0.24	-0.43	0.4	0.38	-0.35	-0.44	-0.47	-0.16	-0.44	0.66	0.7
Total Current Assets	0.43	0.26	0.7	-0.34	0.72	-0.2	0.48	-0.09	0.59	-0.2	0.35	-0.02	-0.18	0.12	0.24		0.1	0.34	0.26	0.18	-0.52	-0.52	0.18	-0.52	0.39	0.07
Intangible Assets	0.41	0.04	0.12	-0.5	-0.09	0.46	0.31	0.58	0.31	0.46	-0.43	-0.41	-0.57	-0.41	-0.43	0.1		0.45	0.46	0.91	-0.25	-0.21	-0.16	-0.25	-0.38	-0.36
Cash	0.63	0.5	0.57	-0.65	0.45	0.32	0.8	0.18	0.62	0.22	0.4	0.23	-0.15	0.46	0.4	0.34	0.45		0.99	0.53	-0.78	-0.77	-0.25	-0.78	0.39	0.24
Cash And Short Term Investments	0.53	0.49	0.46	-0.6	0.33	0.29	0.71	0.14	0.51	0.17	0.37	0.23	-0.11	0.43	0.38	0.26	0.46	0.99		0.51	-0.69	-0.68	-0.25	-0.69	0.35	0.23
Good Will	0.61	-0.1	0.4	-0.72	0.2	0.52	0.53	0.7	0.48	0.57	-0.36	-0.32	-0.58	-0.27	-0.35	0.18	0.91	0.53	0.51		-0.46	-0.42	-0.13	-0.46	-0.24	-0.25
Common Stock Total Equity	-0.84	-0.41	-0.87	0.66	-0.8	-0.36	-0.99	-0.32	-0.89	-0.4	-0.46	-0.23	0.22	-0.59	-0.44	-0.52	-0.25	-0.78	-0.69	-0.46		1.0	0.26	1.0	-0.42	-0.3
Short Term Investments	-0.83	-0.41	-0.88	0.64	-0.81	-0.35	-0.99	-0.3	-0.89	-0.38	-0.48	-0.26	0.19	-0.62	-0.47	-0.52	-0.21	-0.77	-0.68	-0.42	1.0		0.25	1.0	-0.45	-0.33
Other Current Assets	-0.04	-0.21	0.03	0.08	-0.02	-0.02	-0.26	-0.02	-0.22	-0.11	-0.12	-0.28	0.0	-0.24	-0.16	0.18	-0.16	-0.25	-0.25	-0.13	0.26	0.25		0.26	0.31	-0.37
Common Stock	-0.84	-0.41	-0.87	0.66	-0.8	-0.36	-0.99	-0.32	-0.89	-0.4	-0.46	-0.23	0.22	-0.59	-0.44	-0.52	-0.25	-0.78	-0.69	-0.46	1.0	1.0	0.26		-0.42	-0.3
Other Current Liab	0.27	0.48	0.49	-0.07	0.55	-0.08	0.4	-0.3	0.36	-0.17	0.68	0.42	0.33	0.67	0.66	0.39	-0.38	0.39	0.35	-0.24	-0.42	-0.45	0.31	-0.42		0.2
Other Liab	-0.09	0.42	0.13	0.15	0.35	-0.3	0.26	-0.45	0.14	-0.23	0.68	0.63	0.5	0.68	0.7	0.07	-0.36	0.24	0.23	-0.25	-0.3	-0.33	-0.37	-0.3	0.2

Click cells to compare fundamentals

United Fire Account Relationship Matchups

United Fire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Total Stockholder Equity	910.5M	825.1M	879.1M	740.1M	733.7M	531.5M
Net Debt	(104.9M)	(37.9M)	(82.1M)	(46.7M)	(52.0M)	(54.6M)
Retained Earnings	697.1M	555.9M	621.4M	620.6M	574.7M	345.6M
Other Assets	269.6M	268.6M	326.2M	2.1B	2.5B	1.7B
Common Stock Shares Outstanding	25.6M	25.0M	25.1M	25.3M	25.2M	25.9M
Liabilities And Stockholders Equity	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Non Current Liabilities Total	20.6M	74.9M	76.8M	50M	763.2M	725.1M
Other Stockholder Equity	200.2M	202.4M	203.4M	207.0M	226.0M	118.6M
Total Liab	20.6M	74.9M	76.8M	2.1B	2.4B	1.6B
Property Plant And Equipment Net	117.0M	129.9M	137.7M	133.1M	134.2M	141.0M
Non Current Assets Total	2.2B	2.2B	2.1B	154.0M	3.0B	3.2B
Non Currrent Assets Other	(72.6M)	(66.8M)	(55.1M)	(1.7B)	1.1B	1.2B
Net Receivables	449.2M	544.0M	477.0M	568.1M	709.5M	745.0M
Property Plant And Equipment Gross	69.0M	97.2M	117.0M	129.9M	149.4M	156.8M
Total Current Assets	570.1M	632.1M	609.3M	580.1M	102.0M	96.9M
Intangible Assets	7.5M	6.7M	6.0M	5.3M	4.6M	6.7M
Cash	120.7M	87.9M	132.1M	96.7M	102.0M	132.1M
Cash And Short Term Investments	120.9M	88.1M	132.4M	96.9M	102.1M	138.0M
Other Current Assets	569.5M	518.7M	558.7M	544.1M	102.0M	96.9M
Accumulated Other Comprehensive Income	13.2M	66.9M	54.3M	(87.5M)	(67.0M)	(63.6M)
Other Current Liab	1.5B	1.5B	1.5B	1.5B	1.6B	1.2B
Other Liab	938.4M	666.4M	619.3M	981.9M	1.1B	1.2B
Property Plant Equipment	117.0M	129.9M	137.7M	159.6M	183.5M	192.7M
Total Current Liabilities	1.5B	1.6B	1.5B	1.5B	1.6B	874.6M
Net Tangible Assets	887.9M	818.4M	879.1M	734.8M	845.0M	900.0M
Accounts Payable	155.5M	126.6M	1.5B	515.3M	592.6M	332.7M
Retained Earnings Total Equity	715.5M	697.1M	555.9M	621.4M	714.6M	623.9M
Capital Surpluse	203.4M	200.2M	202.4M	203.4M	183.0M	164.8M
Long Term Investments	2.2B	2.2B	2.1B	1.7B	1.7B	2.0B
Non Current Liabilities Other	1.8B	1.9B	2.0B	2.0B	1.8B	2.0B

Pair Trading with United Fire

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 United Fire 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 United Fire will appreciate offsetting losses from the drop in the long position's value.

Moving against United Stock

0.65	HCI	HCI Group	Pair Corr
0.43	HIG	Hartford Financial	Pair Corr
0.41	TRV	The Travelers Companies Financial Report 18th of July 2024	Pair Corr

The ability to find closely correlated positions to United Fire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Fire 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 United Fire - 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 United Fire Group to buy it.

The correlation of United Fire 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 United Fire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Fire Group 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 United Fire 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 Correlation Correlation Matching

When determining whether United Fire Group is a strong investment it is important to analyze United Fire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United Fire's future performance. For an informed investment choice regarding United Stock, refer to the following important reports:

How To Invest In United

Details

Is United Stock a good investment?

Details

What is United Fire's Net Worth?

Details

Largest Insurance - Property & Casualty Companies

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Largest Financial Services Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Note that the United Fire Group information on this page should be used as a complementary analysis to other United Fire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for United Stock analysis

When running United Fire's price analysis, check to measure United Fire'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 United Fire is operating at the current time. Most of United Fire's value examination focuses on studying past and present price action to predict the probability of United Fire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Fire's price. Additionally, you may evaluate how the addition of United Fire to your portfolios can decrease your overall portfolio volatility.

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Is United Fire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Fire. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Fire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

17.897

Dividend Share

0.64

Earnings Share

(0.69)

Revenue Per Share

44.506

Quarterly Revenue Growth

0.108

The market value of United Fire Group is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Fire's value that differs from its market value or its book value, called intrinsic value, which is United Fire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Fire's market value can be influenced by many factors that don't directly affect United Fire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between United Fire's value and its price as these two are different measures arrived at by different means. Investors typically determine if United Fire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Fire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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United Total Assets vs Common Stock Analysis

Total Assets vs Common Stock

Total Assets vs Common Stock Correlation Analysis

Correlation Coefficient

Total Assets

Common Stock

United Fire fundamental ratios Correlations

United Fire Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United Fire fundamental ratios Accounts

Pair Trading with United Fire

Moving against United Stock

Complementary Tools for United Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Investments	+ 1.0	Common Stock Total Equity
Common Stock	+ 1.0	Common Stock Total Equity
Common Stock	+ 1.0	Short Term Investments
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Retained Earnings	+ 0.93	Total Stockholder Equity

Common Stock	- 0.99	Common Stock Shares Outstanding
Short Term Investments	- 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	- 0.99	Common Stock Shares Outstanding
Common Stock	- 0.89	Other Stockholder Equity
Short Term Investments	- 0.89	Other Stockholder Equity
Common Stock Total Equity	- 0.89	Other Stockholder Equity