Cipher Free Cash Flow vs Depreciation Analysis
| CIFR Stock | USD 6.13 0.25 3.92% |
Cipher Mining financial indicator trend analysis is way more than just evaluating Cipher Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cipher Mining is a good investment. Please check the relationship between Cipher Mining Free Cash Flow and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Cipher Stock, please use our How to Invest in Cipher Mining guide.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cipher Mining Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cipher Mining's Free Cash Flow and Depreciation is -0.63. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Cipher Mining, assuming nothing else is changed. The correlation between historical values of Cipher Mining's Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Cipher Mining are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Cipher Mining's Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.63 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Depreciation
Depreciation indicates how much of Cipher Mining value has been used up. For tax purposes Cipher Mining can deduct the cost of the tangible assets it purchases as business expenses. However, Cipher Mining must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Cipher Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cipher Mining 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 Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Cipher Stock, please use our How to Invest in Cipher Mining guide.At this time, Cipher Mining's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/11/2024, Enterprise Value Multiple is likely to grow to 25.88, while Tax Provision is likely to drop slightly above 3 M.
| 2010 | 2023 | 2024 (projected) | Tax Provision | 1.8M | 3.6M | 3.0M | Cost Of Revenue | 4.9K | 50.3M | 52.8M |
Cipher Mining fundamental ratios Correlations
Click cells to compare fundamentals
Cipher Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Cipher Mining
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 Cipher Mining 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 Cipher Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Cipher Stock
| 0.8 | V | Visa Class A | PairCorr |
| 0.91 | MA | Mastercard | PairCorr |
| 0.97 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Cipher Stock
The ability to find closely correlated positions to Cipher Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cipher Mining 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 Cipher Mining - 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 Cipher Mining to buy it.
The correlation of Cipher Mining 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 Cipher Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cipher Mining 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 Cipher Mining 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.Additional Tools for Cipher Stock Analysis
When running Cipher Mining's price analysis, check to measure Cipher Mining'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 Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.