Bitfarms Capital Surpluse vs Total Liab Analysis
BITF Stock | 2.76 0.12 4.17% |
Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Capital Surpluse and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.
Capital Surpluse vs Total Liab
Capital Surpluse vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Capital Surpluse account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bitfarms' Capital Surpluse and Total Liab is 0.7. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Total Liab in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Capital Surpluse and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Bitfarms are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Capital Surpluse i.e., Bitfarms' Capital Surpluse and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Surpluse
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.28, though Tax Provision is likely to grow to (380.9 K).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 24.5M | 72.4M | 84.8M | 89.0M | Interest Income | 2.1M | 34.5M | 1.4M | 1.3M |
Bitfarms fundamental ratios Correlations
Click cells to compare fundamentals
Bitfarms Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bitfarms fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 52.9M | 51.7M | 542.6M | 343.1M | 378.7M | 224.7M | |
Other Current Liab | 102K | 4.7M | 16.7M | 7.6M | 40.4M | 42.4M | |
Total Current Liabilities | 4.0M | 28.5M | 101.2M | 67.2M | 69.2M | 44.1M | |
Total Stockholder Equity | 28.1M | 15.4M | 422.6M | 255.6M | 294.8M | 166.5M | |
Property Plant And Equipment Net | 44.1M | 41.2M | 229.3M | 268.0M | 240.1M | 135.9M | |
Net Debt | 20.0M | 22.4M | (40.5M) | 34.2M | (64.2M) | (61.0M) | |
Retained Earnings | (5.9M) | (22.1M) | (15K) | (239.1M) | (294.9M) | (280.2M) | |
Accounts Payable | 2.3M | 2.1M | 9.9M | 12.9M | 9.1M | 6.8M | |
Cash | 2.2M | 5.9M | 125.3M | 30.8M | 84.0M | 88.2M | |
Non Current Assets Total | 46.3M | 42.5M | 255.5M | 274.0M | 248.7M | 144.0M | |
Other Assets | 1.6M | 973K | 90.6M | 38.2M | 43.9M | 24.3M | |
Long Term Debt | 14.8M | 174K | 910K | 4.1M | 4.7M | 3.8M | |
Cash And Short Term Investments | 2.2M | 5.9M | 191.3M | 35.4M | 115.9M | 121.7M | |
Net Receivables | 3.7M | 1.4M | 3.7M | 16.8M | 2.2M | 2.1M | |
Common Stock Shares Outstanding | 71.1M | 84.9M | 169.4M | 207.8M | 262.2M | 142.9M | |
Long Term Debt Total | 693K | 20.6M | 7.6M | 10.1M | 11.7M | 8.6M | |
Liabilities And Stockholders Equity | 52.9M | 51.7M | 542.6M | 343.1M | 378.7M | 224.7M | |
Non Current Liabilities Total | 20.8M | 7.8M | 18.8M | 20.3M | 14.8M | 13.2M | |
Inventory | 135K | 169K | 548K | 588K | 705K | 424.3K | |
Other Current Assets | 565K | 1.7M | 91.6M | 16.3M | 11.2M | 19.7M | |
Total Liab | 24.8M | 36.3M | 120.0M | 87.5M | 84.0M | 57.3M | |
Total Current Assets | 6.6M | 9.2M | 287.1M | 69.1M | 130.0M | 80.7M | |
Short Term Debt | 1.6M | 20.8M | 74.6M | 46.7M | 6.9M | 6.5M | |
Intangible Assets | 675K | 377K | 1.7M | 33K | 3.7M | 3.9M | |
Common Stock | 33.9M | 32.0M | 378.9M | 429.1M | 530.1M | 556.6M | |
Property Plant Equipment | 44.0M | 41.2M | 146.2M | 235.8M | 271.2M | 284.7M | |
Short Long Term Debt Total | 22.2M | 28.4M | 84.7M | 65.0M | 19.9M | 18.9M | |
Other Liab | 193K | 209K | 8.7M | 2.0M | 2.3M | 2.5M | |
Net Tangible Assets | 27.4M | 15.1M | 403.9M | 255.5M | 293.9M | 157.6M | |
Non Currrent Assets Other | 1.5M | 942K | 3.6M | 6.0M | 4.9M | 3.3M | |
Net Invested Capital | 43.8M | 32.8M | 493.8M | 302.7M | 298.8M | 218.0M | |
Short Long Term Debt | 874K | 17.2M | 70.3M | 43.1M | 4.0M | 3.8M | |
Capital Stock | 33.9M | 32.0M | 378.9M | 429.1M | 530.1M | 556.6M | |
Net Working Capital | 2.5M | (19.3M) | 185.9M | 1.8M | 60.8M | 42.3M |
Pair Trading with Bitfarms
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 Bitfarms 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 Bitfarms will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitfarms Stock
The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms 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 Bitfarms - 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 Bitfarms to buy it.
The correlation of Bitfarms 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 Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms 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 Bitfarms 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.