Ultra Interest Expense vs Ebitda Analysis
UCTT Stock | USD 45.92 0.25 0.54% |
Ultra Clean financial indicator trend analysis is much more than just breaking down Ultra Clean Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ultra Clean Holdings is a good investment. Please check the relationship between Ultra Clean Interest Expense and its Ebitda accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Interest Expense vs Ebitda
Interest Expense vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ultra Clean Holdings Interest Expense account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ultra Clean's Interest Expense and Ebitda is 0.5. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Ebitda in the same time period over historical financial statements of Ultra Clean Holdings, assuming nothing else is changed. The correlation between historical values of Ultra Clean's Interest Expense and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Ultra Clean Holdings are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Interest Expense i.e., Ultra Clean's Interest Expense and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.5 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Ebitda
Most indicators from Ultra Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ultra Clean Holdings 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 Ultra Clean Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Ultra Clean's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 11.22 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 185.7M | 199.6M | 39.9M | 38.8M | Other Operating Expenses | 1.9B | 2.2B | 1.7B | 1.8B |
Ultra Clean fundamental ratios Correlations
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Ultra Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ultra Clean fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.1B | 2.0B | 2.0B | 1.9B | 2.0B | |
Total Stockholder Equity | 436.7M | 532.6M | 848.9M | 887.9M | 838.9M | 880.8M | |
Net Debt | 171.7M | 111.5M | 168.8M | 252.4M | 332.9M | 349.5M | |
Cash | 162.5M | 200.3M | 466.5M | 358.8M | 307M | 322.4M | |
Other Assets | 20.7M | 28.8M | 46.8M | 46.8M | 53.8M | 56.5M | |
Cash And Short Term Investments | 162.5M | 200.3M | 466.5M | 358.8M | 307M | 322.4M | |
Common Stock Shares Outstanding | 39.5M | 41.1M | 44.4M | 45.7M | 44.7M | 28.7M | |
Liabilities And Stockholders Equity | 1.0B | 1.1B | 2.0B | 2.0B | 1.9B | 2.0B | |
Other Stockholder Equity | 297.6M | 309.5M | 511.6M | 515.4M | 496.5M | 521.3M | |
Total Liab | 566.8M | 551.3M | 1.1B | 1.0B | 970.5M | 1.0B | |
Total Current Assets | 467.0M | 545.1M | 1.1B | 1.1B | 893.2M | 937.9M | |
Short Long Term Debt Total | 334.2M | 311.8M | 635.2M | 611.2M | 639.9M | 671.9M | |
Other Current Liab | 55.5M | 26.3M | 50.1M | 97.8M | 81.4M | 85.5M | |
Total Current Liabilities | 210.6M | 201.3M | 469.1M | 389.2M | 310M | 325.5M | |
Other Liab | 44M | 57.4M | 67.8M | 61.4M | 70.6M | 74.1M | |
Property Plant And Equipment Net | 180.1M | 197.0M | 325.7M | 378.6M | 480M | 504M | |
Retained Earnings | 140.4M | 218.0M | 337.4M | 377.8M | 346.7M | 364.0M | |
Accounts Payable | 133.1M | 121.3M | 332.9M | 253.5M | 192.9M | 202.5M | |
Non Current Assets Total | 552.3M | 557.5M | 888.3M | 862.1M | 974.5M | 1.0B | |
Non Currrent Assets Other | 5.2M | 4.2M | 9.2M | 10.5M | (204.4M) | (194.2M) | |
Long Term Debt | 283.4M | 261.6M | 529.9M | 493M | 461.2M | 484.3M | |
Net Receivables | 112.7M | 145.5M | 250.1M | 253.7M | 180.8M | 189.8M | |
Good Will | 171.1M | 171.1M | 270.0M | 248.8M | 265.2M | 278.5M | |
Non Current Liabilities Total | 356.2M | 350.1M | 663.6M | 634.7M | 660.5M | 693.5M | |
Inventory | 172.4M | 180.4M | 379.2M | 443.9M | 374.5M | 393.2M | |
Other Current Assets | 19.4M | 18.9M | 41.3M | 42.4M | 30.9M | 32.4M | |
Property Plant And Equipment Gross | 180.2M | 197M | 325.7M | 378.6M | 650.3M | 682.8M | |
Accumulated Other Comprehensive Income | (1.3M) | 5.1M | (167K) | (5.4M) | (4.4M) | (4.6M) | |
Short Term Debt | 22.0M | 19.1M | 39.4M | 37.9M | 35.7M | 17.9M | |
Intangible Assets | 180.3M | 160.5M | 245.7M | 187.9M | 215.3M | 226.1M | |
Common Stock | 297.7M | 309.6M | 511.6M | 515.5M | 100K | 95K | |
Property Plant Equipment | 145.3M | 159.2M | 325.7M | 378.6M | 435.4M | 457.2M | |
Net Tangible Assets | 85.3M | 201M | 333.1M | 451.2M | 518.9M | 544.8M | |
Noncontrolling Interest In Consolidated Entity | 14.7M | 15.8M | 18.6M | 43.8M | 50.4M | 52.9M | |
Retained Earnings Total Equity | 149.7M | 140.3M | 217.9M | 337.4M | 388.0M | 407.4M | |
Long Term Debt Total | 331.5M | 283.4M | 261.6M | 529.9M | 609.4M | 639.9M | |
Deferred Long Term Liab | 15.8M | 25.2M | 33.6M | 54.9M | 63.1M | 66.3M |
Pair Trading with Ultra Clean
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 Ultra Clean 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 Ultra Clean will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ultra Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultra Clean 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 Ultra Clean - 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 Ultra Clean Holdings to buy it.
The correlation of Ultra Clean 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 Ultra Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultra Clean Holdings 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 Ultra Clean 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Ultra Clean Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Ultra Clean's price analysis, check to measure Ultra Clean'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 Ultra Clean is operating at the current time. Most of Ultra Clean's value examination focuses on studying past and present price action to predict the probability of Ultra Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultra Clean's price. Additionally, you may evaluate how the addition of Ultra Clean to your portfolios can decrease your overall portfolio volatility.
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Is Ultra Clean'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 Ultra Clean. If investors know Ultra 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 Ultra Clean 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 (0.40) | Earnings Share (0.83) | Revenue Per Share 39.841 | Quarterly Revenue Growth 0.102 | Return On Assets 0.015 |
The market value of Ultra Clean Holdings is measured differently than its book value, which is the value of Ultra that is recorded on the company's balance sheet. Investors also form their own opinion of Ultra Clean's value that differs from its market value or its book value, called intrinsic value, which is Ultra Clean'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 Ultra Clean's market value can be influenced by many factors that don't directly affect Ultra Clean'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 Ultra Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultra Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultra Clean'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.