HIVE Stock | | | CAD 5.48 0.12 2.14% |
HIVE Blockchain financial indicator trend analysis is much more than just examining HIVE Blockchain Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HIVE Blockchain Tech is a good investment. Please check the relationship between HIVE Blockchain Net Current Asset Value and its Free Cash Flow Per Share accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Net Current Asset Value vs Free Cash Flow Per Share
Net Current Asset Value vs Free Cash Flow Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HIVE Blockchain Tech Net Current Asset Value account and
Free Cash Flow Per Share. At this time, the significance of the direction appears to have very week relationship.
The correlation between HIVE Blockchain's Net Current Asset Value and Free Cash Flow Per Share is 0.22. Overlapping area represents the amount of variation of Net Current Asset Value that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of HIVE Blockchain Technologies, assuming nothing else is changed. The correlation between historical values of HIVE Blockchain's Net Current Asset Value and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Current Asset Value of HIVE Blockchain Technologies are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Net Current Asset Value i.e., HIVE Blockchain's Net Current Asset Value and Free Cash Flow Per Share go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Current Asset Value
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from HIVE Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HIVE Blockchain Tech 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 HIVE Blockchain Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, HIVE Blockchain's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to climb to about 6.5
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 29
M in 2024.
HIVE Blockchain fundamental ratios Correlations
Click cells to compare fundamentals
HIVE Blockchain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HIVE Blockchain fundamental ratios Accounts
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Additional Tools for HIVE Stock Analysis
When running HIVE Blockchain's price analysis, check to
measure HIVE 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 HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to
predict the probability of HIVE 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 HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.