Riot Cash vs Inventory Analysis
RIOT Stock | USD 10.64 0.65 6.51% |
Riot Blockchain financial indicator trend analysis is much more than just breaking down Riot Blockchain prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Riot Blockchain is a good investment. Please check the relationship between Riot Blockchain Cash and its Inventory accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riot Blockchain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Riot Stock please use our How to Invest in Riot Blockchain guide.
Cash vs Inventory
Cash vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Riot Blockchain Cash account and Inventory. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Riot Blockchain's Cash and Inventory is 0.13. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Inventory in the same time period over historical financial statements of Riot Blockchain, assuming nothing else is changed. The correlation between historical values of Riot Blockchain's Cash and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Riot Blockchain are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash i.e., Riot Blockchain's Cash and Inventory go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Riot Blockchain, which is listed under current asset account on Riot Blockchain balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Riot Blockchain customers. The amounts must be unrestricted with restricted cash listed in a different Riot Blockchain account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Inventory
Most indicators from Riot Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Riot Blockchain 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riot Blockchain. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Riot Stock please use our How to Invest in Riot Blockchain guide.At this time, Riot Blockchain's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 90.8 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop (11.49) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 131.2M | 65.5M | 26.3M | 27.7M | Total Revenue | 213.2M | 259.2M | 280.7M | 294.7M |
Riot Blockchain fundamental ratios Correlations
Click cells to compare fundamentals
Riot Blockchain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Riot Blockchain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.4M | 280.1M | 1.5B | 1.3B | 2.1B | 2.2B | |
Short Long Term Debt Total | 1.7M | 368K | 13.4M | 22.3M | 21.3M | 22.4M | |
Other Current Liab | 2.2M | 1.6M | 80.6M | 89.8M | 88.9M | 93.4M | |
Total Current Liabilities | 3.4M | 2.4M | 109.9M | 121.5M | 121.0M | 127.1M | |
Total Stockholder Equity | 26.2M | 277.1M | 1.4B | 1.2B | 1.9B | 2.0B | |
Property Plant And Equipment Net | 6.9M | 43.2M | 542.3M | 737.3M | 899.6M | 944.6M | |
Net Debt | (7.1M) | (223.4M) | (298.9M) | (208.1M) | (575.8M) | (547.0M) | |
Retained Earnings | (217.2M) | (229.9M) | (237.8M) | (756.3M) | (799.8M) | (759.8M) | |
Accounts Payable | 717K | 718K | 20.0M | 18.4M | 23.2M | 24.3M | |
Cash | 7.4M | 223.4M | 312.3M | 230.3M | 597.2M | 627.0M | |
Non Current Assets Total | 17.8M | 43.9M | 957.4M | 876.6M | 1.0B | 1.1B | |
Non Currrent Assets Other | 703K | 33.4M | 51.5M | 107.6M | 116.9M | 122.8M | |
Other Assets | 2.2M | 33.1M | 317.7M | 140.9M | 162.0M | 170.1M | |
Cash And Short Term Investments | 11.3M | 235.0M | 482.7M | 339.7M | 908.3M | 953.8M | |
Common Stock Shares Outstanding | 19.6M | 42.0M | 93.5M | 139.4M | 175.0M | 183.8M | |
Liabilities And Stockholders Equity | 30.4M | 280.1M | 1.5B | 1.3B | 2.1B | 2.2B | |
Non Current Liabilities Total | 776K | 679K | 63.7M | 47.0M | 42.0M | 44.1M | |
Other Current Assets | 5.2M | 12.9M | 235.0M | 32.7M | 29.1M | 16.0M | |
Total Liab | 4.1M | 3.1M | 173.6M | 168.5M | 163.1M | 171.2M | |
Total Current Assets | 12.6M | 236.3M | 573.5M | 443.4M | 1.0B | 1.1B | |
Short Term Debt | 2.7M | 368K | 1.2M | 2.0M | 2.4M | 2.5M | |
Intangible Assets | 459K | 336K | 14.2M | 31.6M | 26.0M | 27.3M | |
Common Stock | 243.5M | 507.0M | 1.6B | 1.9B | 2.7B | 2.8B | |
Property Plant Equipment | 5.1M | 10.1M | 263.0M | 692.6M | 796.4M | 836.3M | |
Other Liab | 776K | 679K | 51.5M | 26.7M | 30.7M | 32.3M | |
Common Stock Total Equity | 243.5M | 507.0M | 1.6B | 1.9B | 2.2B | 2.3B | |
Short Term Investments | 3.8M | 11.6M | 170.3M | 109.4M | 311.2M | 326.7M | |
Other Stockholder Equity | 66.6K | 243.5M | 507.0M | 1.6B | 1.8B | 1.9B | |
Property Plant And Equipment Gross | 5.4M | 10.1M | 572.8M | 859.5M | 1.3B | 1.3B | |
Accumulated Other Comprehensive Income | (243.5M) | (507.0M) | (1.6B) | 0.0 | 150K | 157.5K | |
Net Tangible Assets | 25.8M | 276.7M | 994.1M | 1.1B | 1.3B | 1.4B | |
Retained Earnings Total Equity | (197.2M) | (217.2M) | (237.8M) | (756.3M) | (680.7M) | (646.7M) | |
Deferred Long Term Liab | 1.0M | 776K | 19.8M | 17.9M | 20.5M | 21.6M | |
Preferred Stock Total Equity | 7.7M | 69.1K | 22K | 11K | 12.7K | 12.0K |
Pair Trading with Riot Blockchain
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 Riot Blockchain 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 Riot Blockchain will appreciate offsetting losses from the drop in the long position's value.Moving together with Riot Stock
Moving against Riot Stock
The ability to find closely correlated positions to Riot Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Riot Blockchain 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 Riot Blockchain - 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 Riot Blockchain to buy it.
The correlation of Riot Blockchain 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 Riot Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Riot Blockchain 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 Riot Blockchain 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.Additional Tools for Riot Stock Analysis
When running Riot Blockchain's price analysis, check to measure Riot Blockchain'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 Riot Blockchain is operating at the current time. Most of Riot Blockchain's value examination focuses on studying past and present price action to predict the probability of Riot Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Riot Blockchain's price. Additionally, you may evaluate how the addition of Riot Blockchain to your portfolios can decrease your overall portfolio volatility.