Bitfarms Debt Ratio from 2010 to 2024
| BITF Stock | 2.78 0.09 3.14% |
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.01061984 | Current Value 0.0101 | Quarterly Volatility 0.09395673 |
Check Bitfarms financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bitfarms' main balance sheet or income statement drivers, such as Interest Income of 1.3 M, Depreciation And Amortization of 89 M or Selling General Administrative of 23.5 M, as well as many indicators such as Price To Sales Ratio of 5.47, Dividend Yield of 0.0 or PTB Ratio of 3.32. Bitfarms financial statements analysis is a perfect complement when working with Bitfarms Valuation or Volatility modules.
Bitfarms | Debt Ratio |
Pair Trading with Bitfarms
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 Bitfarms 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 Bitfarms will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitfarms Stock
Moving against Bitfarms Stock
The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms 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 Bitfarms - 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 Bitfarms to buy it.
The correlation of Bitfarms 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 Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms 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 Bitfarms 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.Check out the analysis of Bitfarms Correlation against competitors. To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.