Hut Total Stockholder Equity vs Capital Stock Analysis

HUT Stock

USD 9.16 0.24 2.69%

Hut 8 financial indicator trend analysis is much more than just examining Hut 8 Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hut 8 Corp is a good investment. Please check the relationship between Hut 8 Total Stockholder Equity and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

Total Stockholder Equity vs Capital Stock

Total Stockholder Equity vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hut 8 Corp Total Stockholder Equity account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hut 8's Total Stockholder Equity and Capital Stock is 0.92. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Hut 8 Corp, assuming nothing else is changed. The correlation between historical values of Hut 8's Total Stockholder Equity and Capital Stock 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 Hut 8 Corp are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Stockholder Equity i.e., Hut 8's Total Stockholder Equity and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Hut 8's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hut 8 Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

At this time, Hut 8's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 686.7 M in 2024, despite the fact that Tax Provision is likely to grow to (1.4 M).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	23.3M	94.5M	17.7M	16.8M
Cost Of Revenue	85.0M	175.6M	36.5M	34.7M

Reconciled Depreciation Cost Of Revenue

Hut 8 fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Retained Earnings	Net Receivables	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Net Tangible Assets	Accounts Payable	Other Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Long Term Debt
Total Assets		1.0	-0.47	0.84	0.98	-0.44	0.84	0.73	0.85	0.91	0.99	0.92	-0.1	0.83	-0.81	0.74	-0.96	0.97	0.95	0.95	0.02	0.84	0.88	0.7	0.91	-0.71
Total Stockholder Equity	1.0		-0.44	0.81	0.96	-0.5	0.81	0.71	0.87	0.87	0.99	0.94	-0.05	0.83	-0.83	0.76	-0.98	0.96	0.94	0.95	-0.02	0.81	0.9	0.73	0.9	-0.74
Net Debt	-0.47	-0.44		-0.84	-0.34	-0.39	-0.84	0.11	0.04	-0.53	-0.53	-0.14	0.84	0.02	-0.06	0.17	0.39	-0.5	-0.65	-0.59	0.0	-0.85	-0.08	-0.18	-0.68	-0.14
Cash	0.84	0.81	-0.84		0.77	0.06	1.0	0.43	0.44	0.89	0.86	0.57	-0.6	0.47	-0.41	0.31	-0.75	0.87	0.92	0.9	0.07	0.99	0.51	0.48	0.91	-0.3
Non Current Assets Total	0.98	0.96	-0.34	0.77		-0.47	0.77	0.82	0.89	0.93	0.94	0.93	-0.01	0.86	-0.84	0.8	-0.92	0.93	0.88	0.9	0.1	0.77	0.9	0.71	0.86	-0.73
Non Currrent Assets Other	-0.44	-0.5	-0.39	0.06	-0.47		0.06	-0.44	-0.77	-0.12	-0.42	-0.74	-0.79	-0.62	0.81	-0.78	0.61	-0.39	-0.3	-0.36	0.12	0.06	-0.76	-0.68	-0.28	0.82
Cash And Short Term Investments	0.84	0.81	-0.84	1.0	0.77	0.06		0.43	0.44	0.89	0.86	0.57	-0.6	0.47	-0.41	0.31	-0.75	0.87	0.92	0.9	0.07	0.99	0.51	0.48	0.91	-0.3
Common Stock Total Equity	0.73	0.71	0.11	0.43	0.82	-0.44	0.43		0.85	0.76	0.67	0.76	0.21	0.91	-0.78	0.81	-0.65	0.7	0.57	0.6	0.06	0.42	0.73	0.39	0.45	-0.73
Common Stock Shares Outstanding	0.85	0.87	0.04	0.44	0.89	-0.77	0.44	0.85		0.67	0.81	0.98	0.41	0.92	-0.97	0.95	-0.87	0.79	0.7	0.74	-0.07	0.45	0.96	0.71	0.63	-0.93
Total Liab	0.91	0.87	-0.53	0.89	0.93	-0.12	0.89	0.76	0.67		0.89	0.72	-0.35	0.73	-0.61	0.56	-0.79	0.9	0.87	0.87	0.19	0.89	0.68	0.5	0.84	-0.47
Total Current Assets	0.99	0.99	-0.53	0.86	0.94	-0.42	0.86	0.67	0.81	0.89		0.89	-0.16	0.79	-0.77	0.68	-0.97	0.96	0.96	0.96	-0.03	0.86	0.84	0.69	0.92	-0.67
Common Stock	0.92	0.94	-0.14	0.57	0.93	-0.74	0.57	0.76	0.98	0.72	0.89		0.29	0.89	-0.96	0.92	-0.94	0.86	0.79	0.83	-0.01	0.57	0.99	0.79	0.76	-0.89
Other Current Liab	-0.1	-0.05	0.84	-0.6	-0.01	-0.79	-0.6	0.21	0.41	-0.35	-0.16	0.29		0.25	-0.45	0.51	-0.05	-0.17	-0.29	-0.22	-0.11	-0.6	0.35	0.28	-0.29	-0.53
Total Current Liabilities	0.83	0.83	0.02	0.47	0.86	-0.62	0.47	0.91	0.92	0.73	0.79	0.89	0.25		-0.89	0.88	-0.81	0.79	0.69	0.72	0.14	0.46	0.87	0.57	0.57	-0.78
Retained Earnings	-0.81	-0.83	-0.06	-0.41	-0.84	0.81	-0.41	-0.78	-0.97	-0.61	-0.77	-0.96	-0.45	-0.89		-0.97	0.86	-0.77	-0.68	-0.73	-0.02	-0.4	-0.96	-0.75	-0.62	0.94
Net Receivables	0.74	0.76	0.17	0.31	0.8	-0.78	0.31	0.81	0.95	0.56	0.68	0.92	0.51	0.88	-0.97		-0.75	0.67	0.56	0.61	0.06	0.31	0.94	0.66	0.51	-0.92
Other Stockholder Equity	-0.96	-0.98	0.39	-0.75	-0.92	0.61	-0.75	-0.65	-0.87	-0.79	-0.97	-0.94	-0.05	-0.81	0.86	-0.75		-0.94	-0.92	-0.94	0.02	-0.74	-0.91	-0.8	-0.89	0.77
Net Invested Capital	0.97	0.96	-0.5	0.87	0.93	-0.39	0.87	0.7	0.79	0.9	0.96	0.86	-0.17	0.79	-0.77	0.67	-0.94		0.98	0.99	0.02	0.85	0.81	0.74	0.93	-0.7
Net Working Capital	0.95	0.94	-0.65	0.92	0.88	-0.3	0.92	0.57	0.7	0.87	0.96	0.79	-0.29	0.69	-0.68	0.56	-0.92	0.98		1.0	-0.03	0.91	0.74	0.7	0.95	-0.6
Net Tangible Assets	0.95	0.95	-0.59	0.9	0.9	-0.36	0.9	0.6	0.74	0.87	0.96	0.83	-0.22	0.72	-0.73	0.61	-0.94	0.99	1.0		-0.01	0.88	0.78	0.76	0.96	-0.65
Accounts Payable	0.02	-0.02	0.0	0.07	0.1	0.12	0.07	0.06	-0.07	0.19	-0.03	-0.01	-0.11	0.14	-0.02	0.06	0.02	0.02	-0.03	-0.01		0.04	0.09	0.11	0.12	0.26
Other Assets	0.84	0.81	-0.85	0.99	0.77	0.06	0.99	0.42	0.45	0.89	0.86	0.57	-0.6	0.46	-0.4	0.31	-0.74	0.85	0.91	0.88	0.04		0.52	0.44	0.9	-0.29
Property Plant Equipment	0.88	0.9	-0.08	0.51	0.9	-0.76	0.51	0.73	0.96	0.68	0.84	0.99	0.35	0.87	-0.96	0.94	-0.91	0.81	0.74	0.78	0.09	0.52		0.81	0.73	-0.87
Short Long Term Debt Total	0.7	0.73	-0.18	0.48	0.71	-0.68	0.48	0.39	0.71	0.5	0.69	0.79	0.28	0.57	-0.75	0.66	-0.8	0.74	0.7	0.76	0.11	0.44	0.81		0.79	-0.71
Property Plant And Equipment Net	0.91	0.9	-0.68	0.91	0.86	-0.28	0.91	0.45	0.63	0.84	0.92	0.76	-0.29	0.57	-0.62	0.51	-0.89	0.93	0.95	0.96	0.12	0.9	0.73	0.79		-0.51
Long Term Debt	-0.71	-0.74	-0.14	-0.3	-0.73	0.82	-0.3	-0.73	-0.93	-0.47	-0.67	-0.89	-0.53	-0.78	0.94	-0.92	0.77	-0.7	-0.6	-0.65	0.26	-0.29	-0.87	-0.71	-0.51

Click cells to compare fundamentals

Hut 8 Account Relationship Matchups

Hut 8 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.2M	145.2M	720.7M	412.9M	474.9M	498.6M
Total Stockholder Equity	42.7M	115.6M	566.0M	357.4M	411.0M	431.5M
Net Debt	23.1M	22.9M	(99.4M)	16.9M	15.2M	16.0M
Cash	2.9M	2.8M	140.1M	30.5M	35.1M	18.3M
Non Current Assets Total	56.5M	39.9M	252.6M	167.3M	192.4M	202.0M
Non Currrent Assets Other	21.5M	3.9M	45.7M	(66.4M)	(59.7M)	(56.7M)
Cash And Short Term Investments	2.9M	2.8M	140.1M	30.5M	35.1M	18.3M
Common Stock Shares Outstanding	90.6M	94.2M	137.6M	220.5M	253.6M	266.3M
Liabilities And Stockholders Equity	71.2M	145.2M	720.7M	412.9M	474.9M	498.6M
Total Liab	28.5M	29.6M	154.7M	55.5M	63.9M	67.1M
Total Current Assets	14.7M	105.3M	468.1M	245.6M	282.5M	296.6M
Common Stock	170.6M	178.2M	636.6M	767.6M	882.8M	926.9M
Other Current Liab	1.9M	164.2K	(12.3M)	6.9M	6.2M	6.5M
Total Current Liabilities	8.7M	29.6M	26.1M	30.1M	34.7M	36.4M
Retained Earnings	(134.6M)	(115.5M)	(188.3M)	(431.1M)	(388.0M)	(368.6M)
Accumulated Other Comprehensive Income	(80.2M)	45.7M	103.5M	(98.5M)	(88.7M)	(84.2M)
Non Current Liabilities Total	19.8M	307K	128.7M	31.4M	36.1M	38.2M
Other Stockholder Equity	6.7M	(17.5M)	(84.4M)	(77.7M)	(69.9M)	(66.4M)
Net Invested Capital	68.7M	141.0M	606.7M	377.5M	434.1M	230.8M
Net Working Capital	6.0M	75.7M	442.0M	215.5M	247.8M	132.2M
Net Tangible Assets	42.7M	115.6M	566.0M	336.3M	386.7M	207.1M
Accounts Payable	563.9K	3.7M	7.1M	6.0M	5.4M	5.3M
Other Assets	5.8M	1.0	156.5M	27.2M	31.3M	34.9M
Property Plant Equipment	34.9M	32.5M	96.1M	125.0M	143.7M	150.9M
Short Long Term Debt Total	26.0M	25.8M	40.7M	47.4M	54.5M	37.9M
Property Plant And Equipment Net	34.4M	33.3M	206.9M	125.0M	143.7M	100.7M
Other Current Assets	10.5M	75.5M	323.9M	203.6M	234.2M	135.0M
Property Plant And Equipment Gross	34.4M	39.3M	331.7M	457.5M	526.1M	552.4M
Short Long Term Debt	6.2M	25.5M	16.5M	11.9M	13.7M	14.1M
Capital Stock	170.6M	178.2M	636.6M	767.6M	882.8M	926.9M
Short Term Debt	6.2M	25.8M	16.5M	16.2M	18.6M	15.1M

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.

Pair Correlation Correlation Matching

When determining whether Hut 8 Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hut Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hut 8 Corp Stock. Highlighted below are key reports to facilitate an investment decision about Hut 8 Corp Stock:

How To Invest In Hut

Details

Is Hut Stock a good investment?

Details

What is Hut 8's Net Worth?

Details

Largest Financial Exchanges & Data Companies

View

Largest Financial Services Companies

View

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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.

	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Money Managers Screen money managers from public funds and ETFs managed around the world
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Hut Total Stockholder Equity vs Capital Stock Analysis

Total Stockholder Equity vs Capital Stock

Total Stockholder Equity vs Capital Stock Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Capital Stock

Hut 8 fundamental ratios Correlations

Hut 8 Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hut 8 fundamental ratios Accounts

Pair Trading with Hut 8

Complementary Tools for Hut Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 1.0	Net Working Capital
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Other Assets	+ 0.99	Cash

Other Stockholder Equity	- 0.98	Total Stockholder Equity
Net Receivables	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.97	Total Current Assets
Retained Earnings	- 0.97	Common Stock Shares Outstanding
Property Plant Equipment	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Common Stock