Unity Ptb Ratio from 2010 to 2024

U Stock  USD 17.91  0.34  1.94%   
Unity Software PTB Ratio yearly trend continues to be comparatively stable with very little volatility. PTB Ratio will likely drop to 4.64 in 2024. PTB Ratio is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on Unity Software's equity relative to its net asset value. View All Fundamentals
 
PTB Ratio  
First Reported
2010-12-31
Previous Quarter
4.88804167
Current Value
4.64
Quarterly Volatility
19.96038748
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Unity Software financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Unity Software's main balance sheet or income statement drivers, such as Tax Provision of 37.6 M or Net Interest Income of 24.5 M, as well as many indicators such as Price To Sales Ratio of 6.76 or Dividend Yield of 0.0. Unity financial statements analysis is a perfect complement when working with Unity Software Valuation or Volatility modules.
  
Check out the analysis of Unity Software Correlation against competitors.
For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.

Latest Unity Software's Ptb Ratio Growth Pattern

Below is the plot of the Ptb Ratio of Unity Software over the last few years. It is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value. Unity Software's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Unity Software's overall financial position and show how it may be relating to other accounts over time.
Ptb Ratio10 Years Trend
Slightly volatile
   Ptb Ratio   
       Timeline  

Unity Ptb Ratio Regression Statistics

Arithmetic Mean35.02
Geometric Mean24.84
Coefficient Of Variation56.99
Mean Deviation17.79
Median49.34
Standard Deviation19.96
Sample Variance398.42
Range46.8254
R-Value(0.86)
Mean Square Error112.88
R-Squared0.74
Significance0.000042
Slope(3.83)
Total Sum of Squares5,578

Unity Ptb Ratio History

2024 4.64
2023 4.89
2022 2.52
2021 16.85
2020 12.81
2019 39.6

About Unity Software Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Unity Software income statement, its balance sheet, and the statement of cash flows. Unity Software investors use historical funamental indicators, such as Unity Software's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Unity Software investors may use each financial statement separately, they are all related. The changes in Unity Software's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Unity Software's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Unity Software Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Unity Software. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
PTB Ratio 4.89  4.64 

Pair Trading with Unity Software

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 Unity Software 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 Unity Software will appreciate offsetting losses from the drop in the long position's value.

Moving together with Unity Stock

  0.96BL BlacklinePairCorr

Moving against Unity Stock

  0.78ML MoneyLionPairCorr
The ability to find closely correlated positions to Unity Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unity Software 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 Unity Software - 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 Unity Software to buy it.
The correlation of Unity Software 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 Unity Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unity Software 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 Unity Software 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

Additional Tools for Unity Stock Analysis

When running Unity Software's price analysis, check to measure Unity Software'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 Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software'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 Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.