Hut Net Working Capital from 2010 to 2024
| HUT Stock | USD 9.16 0.24 2.69% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 247.8 M | Current Value 132.2 M | Quarterly Volatility 133.3 M |
Check Hut 8 financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hut main balance sheet or income statement drivers, such as Depreciation And Amortization of 114.1 M, Interest Expense of 31.1 M or Selling General Administrative of 29.2 M, as well as many exotic indicators such as Price To Sales Ratio of 5.3, Dividend Yield of 0.0 or PTB Ratio of 7.72. Hut financial statements analysis is a perfect complement when working with Hut 8 Valuation or Volatility modules.
Hut | Net Working Capital |
Latest Hut 8's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Hut 8 Corp over the last few years. It is Hut 8's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hut 8's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
|
Net Working Capital |
| Timeline |
Hut Net Working Capital Regression Statistics
| Arithmetic Mean | 72,199,510 | |
| Geometric Mean | 2,708,247 | |
| Coefficient Of Variation | 184.69 | |
| Mean Deviation | 100,288,171 | |
| Median | 67,753 | |
| Standard Deviation | 133,345,328 | |
| Sample Variance | 17781T | |
| Range | 460.3M | |
| R-Value | 0.66 | |
| Mean Square Error | 10909.7T | |
| R-Squared | 0.43 | |
| Significance | 0.01 | |
| Slope | 19,558,255 | |
| Total Sum of Squares | 248933.7T |
Hut Net Working Capital History
About Hut 8 Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Hut 8 income statement, its balance sheet, and the statement of cash flows. Hut 8 investors use historical funamental indicators, such as Hut 8's Net Working Capital, to determine how well the company is positioned to perform in the future. Although Hut 8 investors may use each financial statement separately, they are all related. The changes in Hut 8's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hut 8's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Hut 8 Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hut 8. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 247.8 M | 132.2 M |
Pair Trading with Hut 8
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 Hut 8 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 Hut 8 will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 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 Hut 8 - 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 Hut 8 Corp to buy it.
The correlation of Hut 8 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 Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Corp 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 Hut 8 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 the analysis of Hut 8 Correlation against competitors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Hut Stock analysis
When running Hut 8's price analysis, check to measure Hut 8'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 Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is Hut 8'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 Hut 8. If investors know Hut 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 Hut 8 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 0.516 | Earnings Share (0.78) | Revenue Per Share 2.364 | Quarterly Revenue Growth 2.616 | Return On Assets (0.04) |
The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8'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 Hut 8's market value can be influenced by many factors that don't directly affect Hut 8'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 Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8'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.