CoinSmart Historical Income Statement
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Historical analysis of CoinSmart Financial income statement accounts such as Total Revenue of 11.2 M, Total Operating Expenses of 10.7 M or Reconciled Depreciation of 121.1 K can show how well CoinSmart Financial performed in making a profits. Evaluating CoinSmart Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CoinSmart Financial's future profits or losses.
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About CoinSmart Income Statement Analysis
CoinSmart Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CoinSmart Financial shareholders. The income statement also shows CoinSmart investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CoinSmart Financial Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CoinSmart Financial. It is also known as CoinSmart Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from CoinSmart Financial operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CoinSmart Financial is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from CoinSmart Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CoinSmart Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in CoinSmart Financial. 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 present, CoinSmart Financial's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 4.1 M, whereas Tax Provision is projected to grow to (60.2 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 103.9K | 194.9K | 224.2K | 121.1K | Total Operating Expenses | 11.0M | 15.9M | 18.2M | 10.7M |
CoinSmart Financial income statement Correlations
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CoinSmart Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with CoinSmart Financial
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 CoinSmart Financial 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 CoinSmart Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CoinSmart Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoinSmart Financial 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 CoinSmart Financial - 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 CoinSmart Financial to buy it.
The correlation of CoinSmart Financial 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 CoinSmart Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoinSmart Financial 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 CoinSmart Financial 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 CoinSmart Stock
CoinSmart Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CoinSmart Financial shareholders. The income statement also shows CoinSmart investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).