Manchester Short Term Investments vs Cash Analysis
MANU Stock | USD 16.25 0.55 3.27% |
Manchester United financial indicator trend analysis is infinitely more than just investigating Manchester United recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manchester United is a good investment. Please check the relationship between Manchester United Short Term Investments and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manchester United. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Manchester Stock please use our How to Invest in Manchester United guide.
Short Term Investments vs Cash
Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manchester United Short Term Investments account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Manchester United's Short Term Investments and Cash is -0.37. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Manchester United, assuming nothing else is changed. The correlation between historical values of Manchester United's Short Term Investments and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Manchester United are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., Manchester United's Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Manchester United balance sheet. It contains any investments Manchester United undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Manchester United can easily liquidate in the marketplace.Cash
Cash refers to the most liquid asset of Manchester United, which is listed under current asset account on Manchester United balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Manchester United customers. The amounts must be unrestricted with restricted cash listed in a different Manchester United account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Manchester United's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manchester United 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manchester United. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Manchester Stock please use our How to Invest in Manchester United guide.Selling General Administrative is likely to gain to about 423.5 M in 2024, despite the fact that Tax Provision is likely to grow to (3.3 M).
2021 | 2022 | 2023 | 2024 (projected) | EBITDA | 80.6M | 157.9M | 181.6M | 144.8M | Depreciation And Amortization | 165.8M | 186.5M | 214.5M | 109.2M |
Manchester United fundamental ratios Correlations
Click cells to compare fundamentals
Manchester United Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Manchester United fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.3B | 1.3B | 1.3B | 1.5B | 1.1B | |
Other Current Liab | 114.2M | 123.0M | 130.1M | 108.2M | 124.4M | 71.7M | |
Total Current Liabilities | 398.3M | 384.0M | 494.8M | 526.9M | 605.9M | 636.2M | |
Total Stockholder Equity | 351.2M | 272.5M | 127.5M | 104.0M | 119.5M | 113.6M | |
Other Liab | 101.4M | 130.2M | 138.1M | 171.9M | 197.7M | 127.4M | |
Net Tangible Assets | (77.1M) | (482.0M) | (299.6M) | (323.5M) | (291.2M) | (276.6M) | |
Retained Earnings | 87.2M | (13.7M) | (170.0M) | (196.7M) | (177.0M) | (168.1M) | |
Accounts Payable | 105.9M | 76.6M | 91.6M | 142.1M | 163.4M | 83.2M | |
Cash | 51.5M | 110.7M | 121.2M | 76.0M | 87.4M | 132.5M | |
Other Assets | 471.4M | 41.5M | 380.2M | 434.7M | 499.9M | 265.8M | |
Long Term Debt | 520.0M | 465.0M | 530.4M | 507.3M | 583.4M | 482.0M | |
Net Receivables | 163.4M | 92.5M | 91.6M | 89.7M | 103.2M | 78.1M | |
Inventory | 2.2M | 2.1M | 2.2M | 3.2M | 2.8M | 3.0M | |
Other Current Assets | 7.7M | 7.7M | 22.1M | 24.8M | 22.3M | 11.9M | |
Total Liab | 1.0B | 987.8M | 1.2B | 1.2B | 1.4B | 805.2M | |
Deferred Long Term Liab | 346.9M | 328.0M | 316.2M | 384.9M | 442.6M | 464.7M | |
Short Long Term Debt | 5.6M | 65.2M | 105.8M | 106.0M | 121.9M | 78.1M | |
Total Current Assets | 224.8M | 212.9M | 237.2M | 193.7M | 222.8M | 198.4M | |
Accumulated Other Comprehensive Income | 216.5M | 238.6M | 250.0M | 253.0M | 291.0M | 305.5M | |
Short Term Debt | 6.7M | 66.4M | 107.3M | 107.0M | 123.0M | 129.2M | |
Intangible Assets | 353.7M | 333.0M | 321.8M | 390.9M | 449.6M | 226.5M | |
Property Plant Equipment | 259.0M | 251.4M | 246.7M | 262.0M | 301.3M | 305.9M | |
Short Long Term Debt Total | 530.0M | 534.6M | 640.6M | 622.2M | 715.5M | 576.1M | |
Property Plant And Equipment Net | 259.0M | 251.4M | 246.7M | 262.0M | 301.3M | 273.6M | |
Current Deferred Revenue | 171.6M | 118.0M | 165.8M | 169.6M | 195.1M | 169.1M | |
Net Debt | 478.5M | 423.9M | 519.3M | 546.2M | 491.5M | 297.3M | |
Non Current Assets Total | 1.2B | 1.0B | 1.1B | 1.1B | 1.3B | 1.1B | |
Non Currrent Assets Other | 66.1M | 41.5M | 66.5M | 49.8M | 57.3M | 32.8M | |
Cash And Short Term Investments | 51.5M | 110.7M | 121.2M | 76.0M | 87.4M | 167.3M | |
Common Stock Shares Outstanding | 164.3M | 162.9M | 163.0M | 163.1M | 187.5M | 177.6M | |
Liabilities And Stockholders Equity | 1.4B | 1.3B | 1.3B | 1.3B | 1.5B | 1.4B | |
Non Current Liabilities Total | 633.9M | 603.8M | 671.3M | 687.1M | 618.4M | 491.7M | |
Property Plant And Equipment Gross | 259.0M | 251.4M | 246.7M | 262.0M | 301.3M | 282.5M | |
Capital Lease Obligations | 4.4M | 4.3M | 4.4M | 8.9M | 10.2M | 10.7M |
Pair Trading with Manchester United
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 Manchester United 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 Manchester United will appreciate offsetting losses from the drop in the long position's value.Moving together with Manchester Stock
0.69 | SE | Sea | PairCorr |
Moving against Manchester Stock
0.78 | DIS | Walt Disney Financial Report 14th of August 2024 | PairCorr |
0.76 | DRCT | Direct Digital Holdings | PairCorr |
0.72 | BOC | Boston Omaha Corp | PairCorr |
0.65 | DLPN | Dolphin Entertainment | PairCorr |
0.43 | IPG | Interpublic Group | PairCorr |
The ability to find closely correlated positions to Manchester United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manchester United 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 Manchester United - 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 Manchester United to buy it.
The correlation of Manchester United 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 Manchester United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manchester United 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 Manchester United 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manchester United. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Manchester Stock please use our How to Invest in Manchester United guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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When running Manchester United's price analysis, check to measure Manchester United'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 Manchester United is operating at the current time. Most of Manchester United's value examination focuses on studying past and present price action to predict the probability of Manchester United's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manchester United's price. Additionally, you may evaluate how the addition of Manchester United to your portfolios can decrease your overall portfolio volatility.
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Is Manchester United'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 Manchester United. If investors know Manchester 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 Manchester United 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 2.231 | Earnings Share (0.11) | Revenue Per Share 4.416 | Quarterly Revenue Growth 0.349 | Return On Assets 0.0003 |
The market value of Manchester United is measured differently than its book value, which is the value of Manchester that is recorded on the company's balance sheet. Investors also form their own opinion of Manchester United's value that differs from its market value or its book value, called intrinsic value, which is Manchester United'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 Manchester United's market value can be influenced by many factors that don't directly affect Manchester United'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 Manchester United's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manchester United is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manchester United'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.