Abits Total Stockholder Equity vs Intangible Assets Analysis
| ABTS Stock | 0.66 0.05 7.04% |
Abits financial indicator trend analysis is way more than just evaluating Abits Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abits Group is a good investment. Please check the relationship between Abits Total Stockholder Equity and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abits Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Total Stockholder Equity vs Intangible Assets
Total Stockholder Equity vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abits Group Total Stockholder Equity account and Intangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Abits' Total Stockholder Equity and Intangible Assets is -0.07. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Abits Group, assuming nothing else is changed. The correlation between historical values of Abits' Total Stockholder Equity and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Abits Group are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Stockholder Equity i.e., Abits' Total Stockholder Equity and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.07 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Abits' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abits Group 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 Abits Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Enterprise Value is likely to gain to about 46.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.1 M in 2024.
Abits fundamental ratios Correlations
Click cells to compare fundamentals
Abits Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Abits
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 Abits 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 Abits will appreciate offsetting losses from the drop in the long position's value.Moving together with Abits Stock
| 0.76 | VSME | VS Media Holdings | PairCorr |
Moving against Abits Stock
| 0.85 | HUYA | HUYA Inc Trending | PairCorr |
| 0.81 | CTV | Innovid Corp | PairCorr |
| 0.8 | CNK | Cinemark Holdings | PairCorr |
| 0.67 | WLYB | John Wiley Sons | PairCorr |
| 0.62 | PSO | Pearson PLC ADR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Abits could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abits 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 Abits - 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 Abits Group to buy it.
The correlation of Abits 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 Abits moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abits Group 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 Abits 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 Abits Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Abits Stock analysis
When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.
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Is Abits' 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 Abits. If investors know Abits 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 Abits listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Abits Group is measured differently than its book value, which is the value of Abits that is recorded on the company's balance sheet. Investors also form their own opinion of Abits' value that differs from its market value or its book value, called intrinsic value, which is Abits' 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 Abits' market value can be influenced by many factors that don't directly affect Abits' 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 Abits' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abits is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abits' 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.