CoinSmart Total Assets vs Net Working Capital Analysis
| SMRT Stock | 0.22 0.00 0.00% |
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 Total Assets and its Net Working Capital 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.
Total Assets vs Net Working Capital
Total Assets vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CoinSmart Financial Total Assets account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.
The correlation between CoinSmart Financial's Total Assets and Net Working Capital is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Working Capital 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 Total Assets and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of CoinSmart Financial are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Assets i.e., CoinSmart Financial's Total Assets and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.98 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of CoinSmart Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in CoinSmart Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Working Capital
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 |
CoinSmart Financial fundamental ratios Correlations
Click cells to compare fundamentals
CoinSmart Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.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.