Canaan Selling General Administrative vs Total Operating Expenses Analysis
CAN Stock | USD 2.66 0.13 5.14% |
Canaan financial indicator trend analysis is way more than just evaluating Canaan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canaan Inc is a good investment. Please check the relationship between Canaan Selling General Administrative and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Selling General Administrative vs Total Operating Expenses
Selling General Administrative vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canaan Inc Selling General Administrative account and Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Canaan's Selling General Administrative and Total Operating Expenses is 0.96. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Canaan Inc, assuming nothing else is changed. The correlation between historical values of Canaan's Selling General Administrative and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Canaan Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Selling General Administrative i.e., Canaan's Selling General Administrative and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Selling General Administrative
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Canaan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canaan Inc 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 Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.35, though Tax Provision is likely to grow to (48.8 M).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.2M | 33.9M | 59.6M | 62.6M | Interest Income | 7.3M | 15.9M | 956K | 908.2K |
Canaan fundamental ratios Correlations
Click cells to compare fundamentals
Canaan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canaan fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 141.7M | 158.8M | 884.7M | 690.0M | 493.3M | 568.5M | |
Other Current Liab | 5.8M | 75.6M | 302.3M | 56.2M | 96.1M | 93.7M | |
Total Current Liabilities | 40.8M | 90.8M | 327.5M | 75.8M | 135.2M | 248.9M | |
Total Stockholder Equity | 99.0M | 66.3M | 543.3M | 612.1M | 348.2M | 316.2M | |
Net Tangible Assets | 692.8M | 432.6M | 3.5B | 4.2B | 4.9B | 5.1B | |
Property Plant And Equipment Net | 6.5M | 4.1M | 34.0M | 90.3M | 31.2M | 33.4M | |
Current Deferred Revenue | 1.2M | 65.9M | 210.3M | 4.6M | 19.6M | 18.6M | |
Net Debt | (52.3M) | (54.1M) | (419.1M) | (100.8M) | (94.7M) | (90.0M) | |
Retained Earnings | (140.1M) | (168.3M) | 141.5M | 211.0M | (219.6M) | (208.6M) | |
Accounts Payable | 14.2M | 5.7M | 22.5M | 16.7M | 6.2M | 5.9M | |
Cash | 73.8M | 59.9M | 421.7M | 102.3M | 96.2M | 135.9M | |
Non Current Assets Total | 7.2M | 4.5M | 56.4M | 130.2M | 137.2M | 144.0M | |
Non Currrent Assets Other | 750.3K | 387.6K | 19.2M | 37.0M | 36.4M | 38.2M | |
Other Assets | 0.0 | 2.5M | 122.3M | 256.1M | (7.5M) | (7.2M) | |
Cash And Short Term Investments | 75.4M | 69.5M | 421.7M | 105.7M | 96.2M | 147.9M | |
Net Receivables | 410.5K | 15.4M | 57.8K | 73.1M | 58.4M | 38.6M | |
Common Stock Shares Outstanding | 143.5M | 156.4M | 171.7M | 171.9M | 171.9M | 173.7M | |
Short Term Investments | 0.0 | 1.6M | 9.6M | 3.4M | 3.7M | 3.6M | |
Liabilities And Stockholders Equity | 141.7M | 158.8M | 884.7M | 690.0M | 493.3M | 568.5M | |
Non Current Liabilities Total | 1.9M | 1.7M | 13.9M | 2.1M | 9.9M | 10.4M | |
Inventory | 28.0M | 34.5M | 127.6M | 213.2M | 142.3M | 159.0M | |
Other Current Assets | 29.4M | 35.0M | 281.5M | 239.2M | 66.8M | 103.2M | |
Other Stockholder Equity | 233.2M | 261.5M | 432.7M | 435.2M | 596.8M | 398.8M | |
Total Liab | 42.7M | 92.5M | 341.4M | 77.9M | 145.1M | 252.3M | |
Net Invested Capital | 820.2M | 481.3M | 3.5B | 4.4B | 348.2M | 330.8M | |
Property Plant And Equipment Gross | 45.4M | 26.6M | 34.0M | 91.0M | 117.3M | 123.1M | |
Total Current Assets | 134.5M | 154.3M | 828.4M | 559.8M | 363.7M | 524.4M | |
Accumulated Other Comprehensive Income | 6.0M | (12.2M) | (16.0M) | (37.2M) | (29.0M) | (27.5M) | |
Net Working Capital | 655.6M | 414.7M | 3.2B | 3.5B | 228.5M | 217.1M | |
Short Term Debt | 19.6M | 9.4M | 2.3M | 2.3M | 1.2M | 1.2M | |
Property Plant Equipment | 45.4M | 26.6M | 216.5M | 627.6M | 721.7M | 757.8M | |
Short Long Term Debt Total | 21.5M | 5.8M | 2.6M | 1.5M | 1.4M | 1.4M |
Pair Trading with Canaan
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 Canaan 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 Canaan will appreciate offsetting losses from the drop in the long position's value.Moving against Canaan Stock
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The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan 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 Canaan - 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 Canaan Inc to buy it.
The correlation of Canaan 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 Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc 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 Canaan 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 Canaan Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Semiconductors & Semiconductor Equipment space 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 Canaan. If investors know Canaan 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 Canaan 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 (0.92) | Earnings Share (1.43) | Revenue Per Share 0.867 | Quarterly Revenue Growth (0.03) | Return On Assets (0.36) |
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan'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 Canaan's market value can be influenced by many factors that don't directly affect Canaan'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 Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan'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.