Abacus Free Cash Flow Yield vs Capex To Depreciation Analysis

AME Stock

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Abacus Mining financial indicator trend analysis is way more than just evaluating Abacus Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abacus Mining is a good investment. Please check the relationship between Abacus Mining Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Mining and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abacus Mining Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Abacus Mining's Free Cash Flow Yield and Capex To Depreciation is -0.5. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Abacus Mining and, assuming nothing else is changed. The correlation between historical values of Abacus Mining's Free Cash Flow Yield and Capex To 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 Yield of Abacus Mining and are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Abacus Mining's Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Abacus Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abacus 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 Abacus Mining and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Issuance Of Capital Stock is likely to climb to about 859 K in 2024, whereas Selling General Administrative is likely to drop slightly above 398.8 K in 2024.

Abacus Mining fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Total Current Liabilities	Accounts Payable	Net Receivables	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Inventory	Other Current Liab	Common Stock	Net Tangible Assets	Other Assets	Long Term Investments
Total Assets		0.98	-0.26	-0.77	0.69	0.52	1.0	0.38	0.58	-0.5	-0.33	0.63	-0.77	0.69	-0.62	-0.05	0.6	0.08	-0.63	-0.63	-0.16	0.16	-0.5	0.86	0.58	0.89
Total Stockholder Equity	0.98		-0.09	-0.89	0.81	0.61	0.97	0.36	0.68	-0.64	-0.18	0.65	-0.88	0.77	-0.72	-0.04	0.58	-0.1	-0.76	-0.76	0.02	0.21	-0.62	0.94	0.7	0.92
Property Plant And Equipment Net	-0.26	-0.09		-0.23	0.5	0.39	-0.28	-0.23	0.38	-0.34	0.99	-0.13	-0.24	0.31	-0.1	0.1	-0.17	-0.95	-0.41	-0.41	0.99	0.27	-0.22	0.23	0.37	0.12
Net Debt	-0.77	-0.89	-0.23		-0.89	-0.69	-0.76	-0.18	-0.75	0.89	-0.12	-0.6	0.99	-0.83	0.85	-0.1	-0.53	0.46	0.88	0.87	-0.34	-0.4	0.83	-0.94	-0.81	-0.84
Retained Earnings	0.69	0.81	0.5	-0.89		0.74	0.67	0.15	0.8	-0.75	0.41	0.49	-0.89	0.84	-0.69	0.04	0.42	-0.62	-0.92	-0.92	0.59	0.38	-0.65	0.95	0.82	0.87
Cash	0.52	0.61	0.39	-0.69	0.74		0.49	-0.04	0.99	-0.66	0.31	-0.04	-0.69	0.95	-0.6	-0.19	0.23	-0.52	-0.7	-0.71	0.46	0.09	-0.55	0.69	0.35	0.75
Non Current Assets Total	1.0	0.97	-0.28	-0.76	0.67	0.49		0.39	0.56	-0.48	-0.35	0.63	-0.75	0.66	-0.61	-0.06	0.6	0.11	-0.61	-0.62	-0.19	0.15	-0.49	0.85	0.57	0.88
Non Currrent Assets Other	0.38	0.36	-0.23	-0.18	0.15	-0.04	0.39		0.01	0.12	-0.21	0.59	-0.23	0.01	0.05	-0.22	0.04	0.23	-0.03	-0.04	-0.22	-0.35	0.11	0.23	0.43	0.09
Cash And Short Term Investments	0.58	0.68	0.38	-0.75	0.8	0.99	0.56	0.01		-0.7	0.3	0.04	-0.76	0.96	-0.65	-0.22	0.22	-0.53	-0.75	-0.76	0.47	0.07	-0.58	0.75	0.41	0.8
Common Stock Shares Outstanding	-0.5	-0.64	-0.34	0.89	-0.75	-0.66	-0.48	0.12	-0.7		-0.19	-0.34	0.89	-0.72	0.92	-0.05	-0.33	0.6	0.83	0.81	-0.45	-0.36	0.9	-0.73	-0.58	-0.67
Other Current Assets	-0.33	-0.18	0.99	-0.12	0.41	0.31	-0.35	-0.21	0.3	-0.19		-0.18	-0.12	0.23	0.03	0.09	-0.22	-0.9	-0.29	-0.3	0.96	0.23	-0.09	0.14	0.3	0.04
Other Stockholder Equity	0.63	0.65	-0.13	-0.6	0.49	-0.04	0.63	0.59	0.04	-0.34	-0.18		-0.57	0.23	-0.35	0.39	0.65	0.02	-0.43	-0.44	-0.07	0.45	-0.39	0.63	0.83	0.42
Total Liab	-0.77	-0.88	-0.24	0.99	-0.89	-0.69	-0.75	-0.23	-0.76	0.89	-0.12	-0.57		-0.81	0.87	0.01	-0.43	0.47	0.87	0.87	-0.35	-0.3	0.81	-0.93	-0.79	-0.83
Total Current Assets	0.69	0.77	0.31	-0.83	0.84	0.95	0.66	0.01	0.96	-0.72	0.23	0.23	-0.81		-0.66	0.03	0.5	-0.47	-0.8	-0.8	0.4	0.32	-0.65	0.84	0.54	0.87
Total Current Liabilities	-0.62	-0.72	-0.1	0.85	-0.69	-0.6	-0.61	0.05	-0.65	0.92	0.03	-0.35	0.87	-0.66		0.17	-0.29	0.36	0.78	0.76	-0.23	-0.18	0.81	-0.73	-0.49	-0.7
Accounts Payable	-0.05	-0.04	0.1	-0.1	0.04	-0.19	-0.06	-0.22	-0.22	-0.05	0.09	0.39	0.01	0.03	0.17		0.69	-0.1	-0.05	-0.05	0.09	0.89	-0.17	0.1	0.34	-0.03
Net Receivables	0.6	0.58	-0.17	-0.53	0.42	0.23	0.6	0.04	0.22	-0.33	-0.22	0.65	-0.43	0.5	-0.29	0.69		0.06	-0.41	-0.41	-0.12	0.77	-0.43	0.59	0.54	0.54
Short Term Investments	0.08	-0.1	-0.95	0.46	-0.62	-0.52	0.11	0.23	-0.53	0.6	-0.9	0.02	0.47	-0.47	0.36	-0.1	0.06		0.56	0.56	-0.97	-0.32	0.48	-0.4	-0.47	-0.29
Short Long Term Debt Total	-0.63	-0.76	-0.41	0.88	-0.92	-0.7	-0.61	-0.03	-0.75	0.83	-0.29	-0.43	0.87	-0.8	0.78	-0.05	-0.41	0.56		1.0	-0.51	-0.39	0.83	-0.87	-0.72	-0.8
Short Term Debt	-0.63	-0.76	-0.41	0.87	-0.92	-0.71	-0.62	-0.04	-0.76	0.81	-0.3	-0.44	0.87	-0.8	0.76	-0.05	-0.41	0.56	1.0		-0.51	-0.39	0.82	-0.88	-0.72	-0.8
Inventory	-0.16	0.02	0.99	-0.34	0.59	0.46	-0.19	-0.22	0.47	-0.45	0.96	-0.07	-0.35	0.4	-0.23	0.09	-0.12	-0.97	-0.51	-0.51		0.3	-0.32	0.33	0.43	0.22
Other Current Liab	0.16	0.21	0.27	-0.4	0.38	0.09	0.15	-0.35	0.07	-0.36	0.23	0.45	-0.3	0.32	-0.18	0.89	0.77	-0.32	-0.39	-0.39	0.3		-0.43	0.41	0.53	0.28
Common Stock	-0.5	-0.62	-0.22	0.83	-0.65	-0.55	-0.49	0.11	-0.58	0.9	-0.09	-0.39	0.81	-0.65	0.81	-0.17	-0.43	0.48	0.83	0.82	-0.32	-0.43		-0.68	-0.55	-0.63
Net Tangible Assets	0.86	0.94	0.23	-0.94	0.95	0.69	0.85	0.23	0.75	-0.73	0.14	0.63	-0.93	0.84	-0.73	0.1	0.59	-0.4	-0.87	-0.88	0.33	0.41	-0.68		0.82	0.94
Other Assets	0.58	0.7	0.37	-0.81	0.82	0.35	0.57	0.43	0.41	-0.58	0.3	0.83	-0.79	0.54	-0.49	0.34	0.54	-0.47	-0.72	-0.72	0.43	0.53	-0.55	0.82		0.58
Long Term Investments	0.89	0.92	0.12	-0.84	0.87	0.75	0.88	0.09	0.8	-0.67	0.04	0.42	-0.83	0.87	-0.7	-0.03	0.54	-0.29	-0.8	-0.8	0.22	0.28	-0.63	0.94	0.58

Click cells to compare fundamentals

Abacus Mining Account Relationship Matchups

Abacus Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4M	6.5M	5.8M	5.6M	6.5M	6.1M
Total Stockholder Equity	(11.5M)	(12.9M)	(16.5M)	(18.8M)	(17.0M)	(16.1M)
Property Plant And Equipment Net	263.0K	432.1K	496.1K	642.3K	578.1K	549.2K
Net Debt	17.0M	18.6M	21.9M	24.2M	27.8M	29.2M
Retained Earnings	(104.4M)	(107.4M)	(112.9M)	(116.2M)	(104.6M)	(99.3M)
Cash	431.6K	628.5K	58.0K	76.7K	69.0K	65.6K
Non Current Assets Total	5.9M	5.9M	5.7M	5.5M	6.3M	6.0M
Cash And Short Term Investments	431.6K	628.5K	58.0K	76.7K	69.0K	65.6K
Common Stock Shares Outstanding	50.7M	67.0M	82.6M	98.1M	112.8M	118.5M
Liabilities And Stockholders Equity	6.4M	6.5M	5.8M	5.6M	6.5M	6.1M
Other Stockholder Equity	5.5M	5.5M	5.7M	6.1M	5.5M	5.2M
Total Liab	17.8M	19.5M	22.2M	24.5M	28.1M	29.5M
Total Current Assets	454.0K	679.5K	102.5K	116.6K	104.9K	99.7K
Total Current Liabilities	17.8M	19.5M	22.2M	24.5M	28.1M	29.5M
Accounts Payable	173.6K	373.0K	207.2K	244.7K	220.2K	182.9K
Net Receivables	4.8K	25.3K	14.7K	6.2K	5.6K	5.3K
Short Long Term Debt Total	17.5M	19.3M	22.0M	24.2M	27.9M	14.7M
Common Stock	87.4M	88.8M	90.4M	91.1M	104.7M	94.6M
Net Tangible Assets	(9.5M)	(11.5M)	(12.9M)	(16.5M)	(14.8M)	(14.1M)
Long Term Investments	5.6M	5.4M	5.2M	4.9M	4.4M	4.2M
Property Plant Equipment	226.9K	263.0K	432.1K	496.1K	570.6K	599.1K
Net Invested Capital	6.0M	6.3M	5.5M	5.4M	4.9M	4.9M
Net Working Capital	(17.4M)	(18.8M)	(22.1M)	(24.4M)	(21.9M)	(20.8M)
Capital Stock	87.4M	88.8M	90.4M	91.1M	104.7M	97.8M

Pair Trading with Abacus 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 Abacus 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 Abacus Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Abacus Stock

0.61

GOOG

Alphabet CDR

Pair Corr

Moving against Abacus Stock

0.76	PFE	Pfizer Inc CDR	Pair Corr
0.57	IBM	International Business	Pair Corr

The ability to find closely correlated positions to Abacus 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 Abacus 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 Abacus 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 Abacus Mining and to buy it.

The correlation of Abacus 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 Abacus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus 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 Abacus 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.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Mining and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Complementary Tools for Abacus Stock analysis

When running Abacus Mining's price analysis, check to measure Abacus 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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus 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 Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Abacus Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abacus Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abacus Mining'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.

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Abacus Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Abacus Mining fundamental ratios Correlations

Abacus Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Abacus Mining fundamental ratios Accounts

Pair Trading with Abacus Mining

Moving together with Abacus Stock

Moving against Abacus Stock

Complementary Tools for Abacus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Other Current Assets	+ 0.99	Property Plant And Equipment Net
Inventory	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Net Debt
Cash And Short Term Investments	+ 0.99	Cash

Inventory	- 0.97	Short Term Investments
Short Term Investments	- 0.95	Property Plant And Equipment Net
Net Tangible Assets	- 0.94	Net Debt
Net Tangible Assets	- 0.93	Total Liab
Short Term Debt	- 0.92	Retained Earnings
Short Long Term Debt Total	- 0.92	Retained Earnings