Hut Free Cash Flow Yield vs Pb Ratio Analysis
HUT Stock | CAD 38.00 2.78 7.89% |
Hut 8 financial indicator trend analysis is much more than just examining Hut 8 Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hut 8 Mining is a good investment. Please check the relationship between Hut 8 Free Cash Flow Yield and its Pb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Free Cash Flow Yield vs Pb Ratio
Free Cash Flow Yield vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hut 8 Mining Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hut 8's Free Cash Flow Yield and Pb Ratio is 0.28. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Hut 8 Mining, assuming nothing else is changed. The correlation between historical values of Hut 8's Free Cash Flow Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Hut 8 Mining are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Hut 8's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Pb Ratio
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 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Hut 8's Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Sales General And Administrative To Revenue is likely to grow to 1.20, though Tax Provision is likely to grow to (1 M).
Hut 8 fundamental ratios Correlations
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Hut 8 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hut 8 fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 71.2M | 145.2M | 720.7M | 412.9M | 976.9M | 1.0B | |
Total Stockholder Equity | 42.7M | 115.6M | 566.0M | 357.4M | 643.0M | 675.2M | |
Net Debt | 23.1M | 22.9M | (99.4M) | 16.9M | 227.9M | 239.3M | |
Cash | 2.9M | 2.8M | 140.1M | 30.5M | 40.8M | 20.9M | |
Non Current Assets Total | 56.5M | 39.9M | 252.6M | 167.3M | 895.6M | 940.4M | |
Non Currrent Assets Other | 21.5M | 6.0M | 45.7M | 27.2M | 512.6M | 538.2M | |
Cash And Short Term Investments | 2.9M | 2.8M | 140.1M | 30.5M | 47.4M | 49.7M | |
Common Stock Shares Outstanding | 18.1M | 18.8M | 26.8M | 37.6M | 55.3M | 58.0M | |
Liabilities And Stockholders Equity | 71.2M | 145.2M | 720.7M | 412.9M | 976.9M | 1.0B | |
Total Current Assets | 14.7M | 105.3M | 468.1M | 245.6M | 81.3M | 79.9M | |
Common Stock | 170.6M | 178.2M | 636.6M | 767.6M | 1.2M | 1.1M | |
Other Current Liab | 1.9M | 164.2K | (12.3M) | 6.9M | 38.0M | 39.9M | |
Total Current Liabilities | 8.7M | 29.6M | 26.1M | 30.1M | 148.4M | 155.8M | |
Retained Earnings | (134.6M) | (115.5M) | (188.3M) | (431.1M) | (132.2M) | (138.8M) | |
Total Liab | 28.5M | 29.6M | 154.7M | 55.5M | 333.9M | 350.6M | |
Accumulated Other Comprehensive Income | 1.4M | 45.7M | 103.5M | 2.1M | 14.2M | 17.1M | |
Property Plant And Equipment Net | 34.4M | 33.3M | 206.9M | 125.0M | 174.9M | 102.7M | |
Accounts Payable | 563.9K | 3.7M | 7.1M | 6.0M | 19.7M | 20.7M | |
Other Assets | 5.8M | 1.0 | 156.5M | 27.2M | 31.3M | 34.9M | |
Other Current Assets | 10.5M | 75.5M | 323.9M | 203.6M | 29.5M | 28.0M | |
Other Stockholder Equity | 5.3M | (17.5M) | (84.4M) | (79.8M) | 759.8M | 797.8M | |
Short Long Term Debt Total | 26.0M | 25.8M | 40.7M | 47.4M | 268.8M | 282.2M | |
Non Current Liabilities Total | 19.8M | 307K | 128.7M | 31.4M | 185.5M | 194.7M | |
Short Term Debt | 6.2M | 25.8M | 16.5M | 16.2M | 87.2M | 91.5M |
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.Moving together with Hut Stock
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 Mining 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 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 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.Other Information on Investing in Hut Stock
Balance Sheet is a snapshot of the financial position of Hut 8 Mining at a specified time, usually calculated after every quarter, six months, or one year. Hut 8 Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hut 8 and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hut currently owns. An asset can also be divided into two categories, current and non-current.