Hut Historical Financial Ratios
| HUT Stock | CAD 21.33 0.52 2.50% |
Hut 8 is recently reporting on over 90 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.21 or Days Sales Outstanding of 18.55 will help investors to properly organize and evaluate Hut 8 Mining financial condition quickly.
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About Hut Financial Ratios Analysis
Hut 8 MiningFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hut 8 investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hut financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hut 8 history.
Hut 8 Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Hut 8 Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hut 8 sales, a figure that is much harder to manipulate than other Hut 8 Mining multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from Hut 8's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, 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 Cash Per Share is very stable compared to the past year. As of the 2nd of March 2025, ROE is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 9.55.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 3.85 | 19.63 | 17.67 | 18.55 | PTB Ratio | 11.56 | 1.11 | 1.28 | 1.21 |
Hut 8 fundamentals Correlations
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Hut 8 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hut 8 fundamentals Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Ptb Ratio | 26.42 | 0.52 | 11.56 | 1.11 | 1.28 | 1.21 | |
| Book Value Per Share | 1.02 | 16.73 | 1.9 | 11.39 | 10.25 | 10.77 | |
| Free Cash Flow Yield | (0.002327) | (0.57) | (0.043) | (0.0382) | (0.0439) | (0.0461) | |
| Operating Cash Flow Per Share | (0.0114) | (2.37) | (0.56) | (0.47) | (0.54) | (0.51) | |
| Pb Ratio | 26.42 | 0.52 | 11.56 | 1.11 | 1.28 | 1.21 | |
| Free Cash Flow Per Share | (0.0625) | (4.93) | (0.95) | (0.48) | (0.56) | (0.58) | |
| Roic | 0.0477 | (0.24) | 0.0742 | (0.0155) | (0.014) | (0.0147) | |
| Net Income Per Share | (0.17) | (1.21) | (1.29) | 0.29 | 0.34 | 0.35 | |
| Cash Per Share | 0.69 | 10.25 | 1.25 | 0.84 | 0.76 | 0.87 | |
| Pocfratio | (2.4K) | (3.67) | (39.33) | (26.99) | (24.29) | (25.51) | |
| Pfcf Ratio | (429.81) | (1.77) | (23.24) | (26.19) | (23.57) | (24.75) | |
| Income Quality | (0.0679) | 1.1 | 0.43 | (3.16) | (3.63) | (3.45) | |
| Roe | (0.17) | (0.0723) | (0.68) | 0.0256 | 0.023 | 0.0242 | |
| Ev To Operating Cash Flow | (2.4K) | (2.43) | (39.49) | (35.6) | (32.04) | (33.64) | |
| Pe Ratio | (158.13) | (7.19) | (17.01) | 43.45 | 39.11 | 41.06 | |
| Return On Tangible Assets | (0.13) | (0.0568) | (0.61) | 0.0187 | 0.0169 | 0.0177 | |
| Ev To Free Cash Flow | (433.04) | (1.17) | (23.34) | (34.54) | (31.08) | (32.64) | |
| Earnings Yield | (0.006324) | (0.14) | (0.0588) | 0.023 | 0.0265 | 0.0278 | |
| Net Debt To E B I T D A | (9.6) | (1.33) | 4.74 | 168.21 | 151.39 | 158.95 | |
| Current Ratio | 3.55 | 17.96 | 8.15 | 0.55 | 0.63 | 0.6 | |
| Tangible Book Value Per Share | 1.01 | 16.73 | 1.82 | 9.64 | 8.67 | 9.11 | |
| Graham Number | 1.97 | 21.34 | 7.44 | 8.64 | 7.78 | 8.17 | |
| Shareholders Equity Per Share | 1.02 | 16.73 | 1.9 | 11.39 | 10.25 | 10.77 |
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 against Hut Stock
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| 0.66 | BEP-PM | Brookfield Renewable | PairCorr |
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
Hut 8 MiningFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hut 8 investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hut financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hut 8 history.