Bitfarms Ptb Ratio vs Price To Sales Ratio 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 Ptb Ratio and its Price To Sales Ratio 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.
Ptb Ratio vs Price To Sales Ratio
Ptb Ratio vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Ptb Ratio account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Bitfarms' Ptb Ratio and Price To Sales Ratio is 0.31. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Ptb Ratio and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Bitfarms are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Ptb Ratio i.e., Bitfarms' Ptb Ratio and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.31 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Ptb Ratio
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.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Bitfarms stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Bitfarms sales, a figure that is much harder to manipulate than other Bitfarms multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.