CleanSpark Retained Earnings vs Net Working Capital Analysis
| CLSK Stock | USD 15.36 0.19 1.22% |
CleanSpark financial indicator trend analysis is way more than just evaluating CleanSpark prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CleanSpark is a good investment. Please check the relationship between CleanSpark Retained Earnings and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.
Retained Earnings vs Net Working Capital
Retained Earnings vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CleanSpark Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between CleanSpark's Retained Earnings and Net Working Capital is -0.8. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of CleanSpark, assuming nothing else is changed. The correlation between historical values of CleanSpark's Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of CleanSpark are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., CleanSpark's Retained Earnings and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Working Capital
Most indicators from CleanSpark's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CleanSpark 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 CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.At this time, CleanSpark's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 1 M this year, although Enterprise Value Over EBITDA will most likely fall to (171.62).
CleanSpark fundamental ratios Correlations
Click cells to compare fundamentals
CleanSpark Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CleanSpark fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Short Long Term Debt Total | 572.5K | 2.4M | 22.2M | 16.7M | 19.3M | 20.2M | |
| Other Current Liab | 750K | 1.1M | 1.2M | 1.2M | 1.4M | 1.4M | |
| Total Current Liabilities | 5.4M | 10.1M | 34.0M | 74.1M | 85.2M | 89.4M | |
| Total Stockholder Equity | 16.4M | 305.7M | 404.0M | 677.2M | 778.8M | 817.8M | |
| Net Debt | (2.6M) | (15.7M) | 1.8M | (12.5M) | (11.2M) | (10.7M) | |
| Retained Earnings | (116.4M) | (138.4M) | (196.1M) | (332.6M) | (299.4M) | (284.4M) | |
| Accounts Payable | 4.5M | 8.0M | 24.7M | 65.6M | 75.4M | 79.2M | |
| Common Stock Total Equity | 4.7K | 17.4K | 37.4K | 55.7K | 64.0K | 67.2K | |
| Common Stock Shares Outstanding | 9.6M | 29.4M | 42.6M | 102.7M | 118.1M | 124.0M | |
| Other Stockholder Equity | 132.8M | 444.1M | 599.9M | 1.0B | 1.2B | 1.2B | |
| Total Liab | 5.9M | 11.8M | 48.6M | 84.4M | 97.0M | 101.9M | |
| Short Term Debt | 41.3K | 670.0K | 8.2M | 7.3M | 8.4M | 8.8M | |
| Common Stock | 17.4K | 37.4K | 55.7K | 160K | 184K | 193.2K | |
| Total Assets | 22.3M | 317.5M | 452.6M | 761.6M | 875.8M | 919.6M | |
| Cash | 3.1M | 18.0M | 20.5M | 29.2M | 33.6M | 35.3M | |
| Cash And Short Term Investments | 4.1M | 42.4M | 32.2M | 86.2M | 99.1M | 104.1M | |
| Liabilities And Stockholders Equity | 22.3M | 317.5M | 452.6M | 761.6M | 875.8M | 919.6M | |
| Total Current Assets | 8.3M | 57.7M | 50.8M | 102.2M | 117.5M | 123.4M | |
| Other Current Assets | 4.1T | 10.0M | 27.1M | 12.0M | 13.8M | 13.1M | |
| Net Tangible Assets | 5.5M | 2.5M | 273.9M | 397.5M | 457.2M | 480.0M | |
| Property Plant And Equipment Net | 158.7K | 227.0M | 389.8M | 565.1M | 649.8M | 682.3M | |
| Non Current Assets Total | 14.1M | 259.7M | 401.8M | 659.4M | 758.3M | 796.2M | |
| Non Currrent Assets Other | (14.1M) | 875.5K | 5.5M | 81.7M | 93.9M | 98.6M | |
| Long Term Debt | 3.0M | 531.2K | 13.4M | 8.9M | 10.2M | 10.8M | |
| Non Current Liabilities Total | 531.2K | 1.7M | 14.6M | 10.3M | 11.8M | 12.4M | |
| Property Plant And Equipment Gross | 158.7K | 234.7M | 377.3M | 565.1M | 649.8M | 682.3M | |
| Short Long Term Debt | 909.5K | 67.5K | 7.8M | 7.0M | 8.0M | 8.4M | |
| Intangible Assets | 8.0M | 12.8M | 6.5M | 4.6M | 5.3M | 9.9M | |
| Property Plant Equipment | 145.1K | 158.7K | 137.6M | 376.8M | 433.3M | 455.0M | |
| Net Receivables | 1.1M | 2.6M | 27.0K | 5K | 5.8K | 5.5K | |
| Capital Surpluse | 83.0M | 111.9M | 444.1M | 599.9M | 689.9M | 724.4M | |
| Inventory | (4.1T) | 2.7M | 216.4K | 809K | 728.1K | 764.5K |
Pair Trading with CleanSpark
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 CleanSpark 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 CleanSpark will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CleanSpark could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CleanSpark 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 CleanSpark - 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 CleanSpark to buy it.
The correlation of CleanSpark 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 CleanSpark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanSpark 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 CleanSpark 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 CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for CleanSpark Stock analysis
When running CleanSpark's price analysis, check to measure CleanSpark'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 CleanSpark is operating at the current time. Most of CleanSpark's value examination focuses on studying past and present price action to predict the probability of CleanSpark's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CleanSpark's price. Additionally, you may evaluate how the addition of CleanSpark to your portfolios can decrease your overall portfolio volatility.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Stocks Directory Find actively traded stocks across global markets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Is CleanSpark'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 CleanSpark. If investors know CleanSpark 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 CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.13 | Revenue Per Share 1.74 | Quarterly Revenue Growth 1.628 | Return On Assets 0.0494 | Return On Equity 0.0714 |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark'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 CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark'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 CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark'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.