Abacus Non Currrent Assets Other vs Total Current Liabilities Analysis

AME Stock  CAD 0.04  0.01  12.50%   
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 Non Currrent Assets Other and its Total Current Liabilities 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.

Non Currrent Assets Other vs Total Current Liabilities

Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abacus Mining Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
The correlation between Abacus Mining's Non Currrent Assets Other and Total Current Liabilities is 0.05. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities 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 Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Abacus Mining and are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Abacus Mining's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.05
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Liabilities

Total Current Liabilities is an item on Abacus Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Abacus Mining and are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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.
At this time, Abacus Mining's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 394.3 K in 2024.

Abacus Mining fundamental ratios Correlations

0.97-0.28-0.770.690.511.00.390.58-0.48-0.330.63-0.760.68-0.61-0.050.60.09-0.62-0.63-0.170.15-0.490.860.580.89
0.97-0.11-0.90.830.610.960.360.68-0.65-0.170.64-0.890.77-0.74-0.040.57-0.11-0.76-0.760.020.22-0.640.940.70.9
-0.28-0.11-0.20.460.37-0.3-0.220.36-0.280.99-0.14-0.210.29-0.070.1-0.18-0.93-0.39-0.390.990.26-0.170.210.350.11
-0.77-0.9-0.2-0.93-0.69-0.75-0.18-0.750.88-0.12-0.60.99-0.830.85-0.1-0.530.460.880.88-0.35-0.40.82-0.95-0.81-0.8
0.690.830.46-0.930.760.680.140.81-0.790.390.49-0.930.86-0.750.040.42-0.64-0.93-0.930.580.38-0.720.950.810.86
0.510.610.37-0.690.760.49-0.040.99-0.650.31-0.04-0.70.95-0.61-0.190.23-0.52-0.7-0.710.460.09-0.550.690.350.73
1.00.96-0.3-0.750.680.490.40.55-0.46-0.350.63-0.750.66-0.6-0.060.60.12-0.6-0.61-0.190.15-0.470.850.570.87
0.390.36-0.22-0.180.14-0.040.40.010.11-0.210.59-0.230.010.05-0.220.040.23-0.03-0.04-0.22-0.350.110.230.430.1
0.580.680.36-0.750.810.990.550.01-0.680.30.04-0.760.96-0.65-0.220.22-0.53-0.75-0.760.470.07-0.580.750.410.78
-0.48-0.65-0.280.88-0.79-0.65-0.460.11-0.68-0.18-0.330.88-0.710.91-0.05-0.320.590.810.8-0.43-0.350.91-0.72-0.57-0.58
-0.33-0.170.99-0.120.390.31-0.35-0.210.3-0.18-0.18-0.120.230.030.09-0.22-0.9-0.29-0.30.960.23-0.090.140.30.05
0.630.64-0.14-0.60.49-0.040.630.590.04-0.33-0.18-0.570.23-0.350.390.650.02-0.43-0.44-0.070.45-0.390.630.830.4
-0.76-0.89-0.210.99-0.93-0.7-0.75-0.23-0.760.88-0.12-0.57-0.810.860.01-0.430.470.870.87-0.35-0.30.81-0.93-0.79-0.78
0.680.770.29-0.830.860.950.660.010.96-0.710.230.23-0.81-0.660.030.5-0.47-0.8-0.80.40.32-0.650.840.540.85
-0.61-0.74-0.070.85-0.75-0.61-0.60.05-0.650.910.03-0.350.86-0.660.17-0.290.360.780.76-0.23-0.180.8-0.73-0.49-0.64
-0.05-0.040.1-0.10.04-0.19-0.06-0.22-0.22-0.050.090.390.010.030.170.69-0.1-0.05-0.050.090.89-0.170.10.34-0.04
0.60.57-0.18-0.530.420.230.60.040.22-0.32-0.220.65-0.430.5-0.290.690.06-0.41-0.41-0.120.77-0.430.590.540.54
0.09-0.11-0.930.46-0.64-0.520.120.23-0.530.59-0.90.020.47-0.470.36-0.10.060.560.56-0.97-0.320.48-0.4-0.47-0.26
-0.62-0.76-0.390.88-0.93-0.7-0.6-0.03-0.750.81-0.29-0.430.87-0.80.78-0.05-0.410.561.0-0.51-0.390.83-0.87-0.72-0.8
-0.63-0.76-0.390.88-0.93-0.71-0.61-0.04-0.760.8-0.3-0.440.87-0.80.76-0.05-0.410.561.0-0.51-0.390.82-0.88-0.72-0.81
-0.170.020.99-0.350.580.46-0.19-0.220.47-0.430.96-0.07-0.350.4-0.230.09-0.12-0.97-0.51-0.510.3-0.320.330.430.21
0.150.220.26-0.40.380.090.15-0.350.07-0.350.230.45-0.30.32-0.180.890.77-0.32-0.39-0.390.3-0.430.410.530.27
-0.49-0.64-0.170.82-0.72-0.55-0.470.11-0.580.91-0.09-0.390.81-0.650.8-0.17-0.430.480.830.82-0.32-0.43-0.68-0.55-0.57
0.860.940.21-0.950.950.690.850.230.75-0.720.140.63-0.930.84-0.730.10.59-0.4-0.87-0.880.330.41-0.680.820.92
0.580.70.35-0.810.810.350.570.430.41-0.570.30.83-0.790.54-0.490.340.54-0.47-0.72-0.720.430.53-0.550.820.57
0.890.90.11-0.80.860.730.870.10.78-0.580.050.4-0.780.85-0.64-0.040.54-0.26-0.8-0.810.210.27-0.570.920.57
Click cells to compare fundamentals

Abacus Mining Account Relationship Matchups

Abacus Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4M6.5M5.8M5.6M7.9M7.5M
Total Stockholder Equity(11.5M)(12.9M)(16.5M)(18.8M)(19.9M)(18.9M)
Property Plant And Equipment Net263.0K432.1K496.1K642.3K873.5K829.9K
Net Debt17.0M18.6M21.9M24.2M27.5M28.9M
Retained Earnings(104.4M)(107.4M)(112.9M)(116.2M)(117.9M)(112.0M)
Cash431.6K628.5K58.0K76.7K64.9K61.6K
Non Current Assets Total5.9M5.9M5.7M5.5M7.8M7.4M
Cash And Short Term Investments431.6K628.5K58.0K76.7K69.0K65.6K
Common Stock Shares Outstanding50.7M67.0M82.6M98.1M120.8M126.9M
Liabilities And Stockholders Equity6.4M6.5M5.8M5.6M6.5M6.1M
Other Stockholder Equity5.5M5.5M5.7M6.1M5.5M5.2M
Total Liab17.8M19.5M22.2M24.5M27.8M29.2M
Total Current Assets454.0K679.5K102.5K116.6K99.5K94.6K
Total Current Liabilities17.8M19.5M22.2M24.5M27.8M29.2M
Accounts Payable173.6K373.0K207.2K244.7K220.2K182.9K
Net Receivables4.8K25.3K14.7K6.2K5.6K5.3K
Short Long Term Debt Total17.5M19.3M22.0M24.2M27.9M14.7M
Common Stock87.4M88.8M90.4M91.1M104.7M94.6M
Net Tangible Assets(9.5M)(11.5M)(12.9M)(16.5M)(14.8M)(14.1M)
Long Term Investments5.6M5.4M5.2M4.9M6.9M12.6M
Property Plant Equipment226.9K263.0K432.1K496.1K570.6K599.1K
Net Invested Capital6.0M6.3M5.5M5.4M7.7M5.1M
Net Working Capital(17.4M)(18.8M)(22.1M)(24.4M)(27.7M)(26.3M)
Capital Stock87.4M88.8M90.4M91.1M91.7M98.3M

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

  0.63IE Ivanhoe EnergyPairCorr
  0.76FDY Faraday Copper CorpPairCorr
  0.67ARA Aclara ResourcesPairCorr

Moving against Abacus Stock

  0.6RCI-A Rogers CommunicationsPairCorr
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 CorrelationCorrelation 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 Global Correlations module to find global opportunities by holding instruments from different markets.

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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.