CoinSmart Operating Income vs Total Operating Expenses Analysis

SMRT Stock

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CoinSmart Financial financial indicator trend analysis is way more than just evaluating CoinSmart Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CoinSmart Financial is a good investment. Please check the relationship between CoinSmart Financial Operating Income and its Total Operating Expenses accounts. 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.

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoinSmart Financial Operating Income account and Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.

The correlation between CoinSmart Financial's Operating Income and Total Operating Expenses is -0.74. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of CoinSmart Financial, assuming nothing else is changed. The correlation between historical values of CoinSmart Financial's Operating Income and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of CoinSmart Financial are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., CoinSmart Financial's Operating Income and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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 indicators from CoinSmart Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

The current year's Tax Provision is expected to grow to about (60.2 K). In addition to that, Selling General Administrative is expected to decline to about 10.6 M

	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

Reconciled Depreciation Total Operating Expenses

CoinSmart Financial fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Other Liab	Other Stockholder Equity
Other Current Liab		1.0	0.96	-0.71	0.93	-0.37	0.92	1.0	0.91	0.86	0.98	0.94	0.91	0.94	0.91	-0.38	0.93	0.96	0.88	0.98	0.94	0.91	0.97	0.94	-0.37	-0.37
Total Current Liabilities	1.0		0.95	-0.71	0.93	-0.37	0.92	1.0	0.9	0.86	0.97	0.94	0.91	0.94	0.91	-0.38	0.93	0.96	0.88	0.98	0.94	0.9	0.96	0.94	-0.37	-0.37
Net Tangible Assets	0.96	0.95		-0.55	0.85	-0.29	0.84	0.97	0.84	0.73	0.97	0.98	0.79	0.84	0.79	-0.3	0.98	0.89	0.74	0.96	0.98	0.78	0.89	0.98	-0.29	-0.29
Retained Earnings	-0.71	-0.71	-0.55		-0.69	0.68	-0.88	-0.68	-0.89	-0.92	-0.71	-0.59	-0.92	-0.89	-0.92	0.69	-0.56	-0.85	-0.93	-0.74	-0.59	-0.92	-0.86	-0.58	0.68	0.68
Accounts Payable	0.93	0.93	0.85	-0.69		-0.43	0.88	0.93	0.85	0.86	0.89	0.86	0.85	0.88	0.85	-0.43	0.85	0.89	0.83	0.9	0.86	0.85	0.9	0.86	-0.43	-0.43
Net Receivables	-0.37	-0.37	-0.29	0.68	-0.43		-0.68	-0.36	-0.69	-0.73	-0.49	-0.44	-0.55	-0.54	-0.55	1.0	-0.43	-0.58	-0.56	-0.5	-0.44	-0.54	-0.52	-0.43	1.0	1.0
Other Current Assets	0.92	0.92	0.84	-0.88	0.88	-0.68		0.91	0.99	0.98	0.94	0.89	0.95	0.96	0.95	-0.69	0.87	0.98	0.93	0.96	0.89	0.94	0.97	0.88	-0.68	-0.68
Total Current Assets	1.0	1.0	0.97	-0.68	0.93	-0.36	0.91		0.9	0.84	0.98	0.96	0.89	0.92	0.89	-0.37	0.95	0.95	0.85	0.98	0.96	0.89	0.96	0.95	-0.36	-0.36
Common Stock	0.91	0.9	0.84	-0.89	0.85	-0.69	0.99	0.9		0.96	0.95	0.89	0.95	0.96	0.95	-0.69	0.87	0.98	0.93	0.96	0.89	0.94	0.97	0.88	-0.69	-0.69
Property Plant Equipment	0.86	0.86	0.73	-0.92	0.86	-0.73	0.98	0.84	0.96		0.87	0.8	0.94	0.94	0.94	-0.74	0.78	0.94	0.93	0.89	0.8	0.94	0.93	0.79	-0.73	-0.73
Total Assets	0.98	0.97	0.97	-0.71	0.89	-0.49	0.94	0.98	0.95	0.87		0.98	0.89	0.93	0.89	-0.5	0.98	0.97	0.85	1.0	0.98	0.88	0.96	0.98	-0.49	-0.49
Total Stockholder Equity	0.94	0.94	0.98	-0.59	0.86	-0.44	0.89	0.96	0.89	0.8	0.98		0.79	0.85	0.79	-0.44	1.0	0.91	0.75	0.97	1.0	0.79	0.9	1.0	-0.44	-0.44
Property Plant And Equipment Net	0.91	0.91	0.79	-0.92	0.85	-0.55	0.95	0.89	0.95	0.94	0.89	0.79		1.0	1.0	-0.56	0.77	0.97	1.0	0.91	0.79	1.0	0.98	0.78	-0.55	-0.55
Cash	0.94	0.94	0.84	-0.89	0.88	-0.54	0.96	0.92	0.96	0.94	0.93	0.85	1.0		1.0	-0.55	0.82	0.99	0.99	0.94	0.85	0.99	0.99	0.84	-0.54	-0.54
Non Current Assets Total	0.91	0.91	0.79	-0.92	0.85	-0.55	0.95	0.89	0.95	0.94	0.89	0.79	1.0	1.0		-0.56	0.77	0.97	1.0	0.91	0.79	1.0	0.98	0.78	-0.55	-0.55
Common Stock Shares Outstanding	-0.38	-0.38	-0.3	0.69	-0.43	1.0	-0.69	-0.37	-0.69	-0.74	-0.5	-0.44	-0.56	-0.55	-0.56		-0.44	-0.58	-0.57	-0.51	-0.44	-0.55	-0.53	-0.44	1.0	1.0
Short Term Investments	0.93	0.93	0.98	-0.56	0.85	-0.43	0.87	0.95	0.87	0.78	0.98	1.0	0.77	0.82	0.77	-0.44		0.89	0.72	0.96	1.0	0.76	0.88	1.0	-0.43	-0.43
Non Current Liabilities Total	0.96	0.96	0.89	-0.85	0.89	-0.58	0.98	0.95	0.98	0.94	0.97	0.91	0.97	0.99	0.97	-0.58	0.89		0.96	0.98	0.91	0.97	1.0	0.9	-0.58	-0.58
Capital Lease Obligations	0.88	0.88	0.74	-0.93	0.83	-0.56	0.93	0.85	0.93	0.93	0.85	0.75	1.0	0.99	1.0	-0.57	0.72	0.96		0.88	0.75	1.0	0.96	0.74	-0.56	-0.56
Total Liab	0.98	0.98	0.96	-0.74	0.9	-0.5	0.96	0.98	0.96	0.89	1.0	0.97	0.91	0.94	0.91	-0.51	0.96	0.98	0.88		0.97	0.9	0.97	0.97	-0.5	-0.5
Net Invested Capital	0.94	0.94	0.98	-0.59	0.86	-0.44	0.89	0.96	0.89	0.8	0.98	1.0	0.79	0.85	0.79	-0.44	1.0	0.91	0.75	0.97		0.79	0.9	1.0	-0.44	-0.44
Property Plant And Equipment Gross	0.91	0.9	0.78	-0.92	0.85	-0.54	0.94	0.89	0.94	0.94	0.88	0.79	1.0	0.99	1.0	-0.55	0.76	0.97	1.0	0.9	0.79		0.98	0.78	-0.54	-0.54
Capital Stock	0.97	0.96	0.89	-0.86	0.9	-0.52	0.97	0.96	0.97	0.93	0.96	0.9	0.98	0.99	0.98	-0.53	0.88	1.0	0.96	0.97	0.9	0.98		0.89	-0.52	-0.52
Net Working Capital	0.94	0.94	0.98	-0.58	0.86	-0.43	0.88	0.95	0.88	0.79	0.98	1.0	0.78	0.84	0.78	-0.44	1.0	0.9	0.74	0.97	1.0	0.78	0.89		-0.43	-0.43
Other Liab	-0.37	-0.37	-0.29	0.68	-0.43	1.0	-0.68	-0.36	-0.69	-0.73	-0.49	-0.44	-0.55	-0.54	-0.55	1.0	-0.43	-0.58	-0.56	-0.5	-0.44	-0.54	-0.52	-0.43		1.0
Other Stockholder Equity	-0.37	-0.37	-0.29	0.68	-0.43	1.0	-0.68	-0.36	-0.69	-0.73	-0.49	-0.44	-0.55	-0.54	-0.55	1.0	-0.43	-0.58	-0.56	-0.5	-0.44	-0.54	-0.52	-0.43	1.0

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CoinSmart Financial Account Relationship Matchups

CoinSmart Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	1.0M	9.0M	60.5M	42.5M	48.8M	24.9M
Total Current Liabilities	1.4M	12.3M	64.0M	44.9M	51.7M	27.1M
Net Tangible Assets	559.5K	(333.6K)	18.7M	8.3M	9.6M	6.1M
Retained Earnings	(1.0M)	(493.1K)	(2.6M)	(13.5M)	(12.2M)	(11.6M)
Accounts Payable	349.3K	348.1K	661.9K	522.5K	600.8K	429.1K
Total Current Assets	1.9M	13.3M	82.6M	53.0M	60.9M	33.4M
Property Plant Equipment	13.4K	162.9K	324.8K	452.7K	520.6K	546.6K

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.

Pair Correlation Correlation Matching

Other Information on Investing in CoinSmart Stock

Balance Sheet is a snapshot of the financial position of CoinSmart Financial at a specified time, usually calculated after every quarter, six months, or one year. CoinSmart Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CoinSmart Financial 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 CoinSmart currently owns. An asset can also be divided into two categories, current and non-current.

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CoinSmart Operating Income vs Total Operating Expenses Analysis

Operating Income vs Total Operating Expenses

Operating Income vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Operating Income

Total Operating Expenses

CoinSmart Financial fundamental ratios Correlations

CoinSmart Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CoinSmart Financial fundamental ratios Accounts

Pair Trading with CoinSmart Financial

Other Information on Investing in CoinSmart Stock

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Total Current Liabilities	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Current Liabilities
Common Stock Shares Outstanding	+ 1.0	Net Receivables
Other Liab	+ 1.0	Net Receivables
Other Stockholder Equity	+ 1.0	Net Receivables

Capital Lease Obligations	- 0.93	Retained Earnings
Property Plant And Equipment Gross	- 0.92	Retained Earnings
Non Current Assets Total	- 0.92	Retained Earnings
Property Plant And Equipment Net	- 0.92	Retained Earnings
Property Plant Equipment	- 0.92	Retained Earnings
Cash	- 0.89	Retained Earnings