Abits Capital Stock vs Common Stock Analysis

ABTS Stock

0.62 0.03 5.08%

Abits financial indicator trend analysis is way more than just evaluating Abits Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abits Group is a good investment. Please check the relationship between Abits Capital Stock and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abits Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Capital Stock vs Common Stock

Capital Stock vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abits Group Capital Stock account and Common Stock. At this time, the significance of the direction appears to have totally related.

The correlation between Abits' Capital Stock and Common Stock is 0.99. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Common Stock in the same time period over historical financial statements of Abits Group, assuming nothing else is changed. The correlation between historical values of Abits' Capital Stock and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Abits Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Capital Stock i.e., Abits' Capital Stock and Common Stock go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Common Stock

Most indicators from Abits' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abits Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Abits Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Selling General Administrative is likely to drop to about 1.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Abits fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Net Invested Capital	Capital Stock	Net Working Capital	Non Currrent Assets Other	Inventory	Other Current Assets	Intangible Assets
Total Assets		-0.71	-0.93	-0.9	1.0	-0.83	-0.75	0.81	0.81	-0.24	-0.38	0.87	-0.9	-0.71	0.73	-0.71	0.87	1.0	0.88	0.89	-0.97	0.87	-0.86	-0.05
Short Long Term Debt Total	-0.71		0.91	0.93	-0.73	0.69	0.77	-0.63	-0.63	0.6	0.85	-0.77	0.93	1.0	-0.23	1.0	-0.77	-0.73	-0.82	-0.48	0.68	-0.75	0.75	0.45
Other Current Liab	-0.93	0.91		1.0	-0.94	0.85	0.83	-0.82	-0.82	0.49	0.67	-0.87	1.0	0.91	-0.54	0.91	-0.87	-0.94	-0.91	-0.75	0.89	-0.88	0.87	0.28
Total Current Liabilities	-0.9	0.93	1.0		-0.92	0.87	0.82	-0.83	-0.83	0.56	0.69	-0.87	1.0	0.93	-0.49	0.93	-0.87	-0.92	-0.91	-0.73	0.85	-0.85	0.85	0.3
Total Stockholder Equity	1.0	-0.73	-0.94	-0.92		-0.84	-0.75	0.81	0.81	-0.27	-0.41	0.88	-0.92	-0.73	0.71	-0.73	0.87	1.0	0.89	0.89	-0.96	0.87	-0.86	-0.07
Net Debt	-0.83	0.69	0.85	0.87	-0.84		0.53	-0.99	-0.99	0.58	0.56	-0.65	0.87	0.69	-0.62	0.69	-0.64	-0.83	-0.71	-0.82	0.68	-0.59	0.58	-0.02
Retained Earnings	-0.75	0.77	0.83	0.82	-0.75	0.53		-0.5	-0.5	0.47	0.42	-0.89	0.82	0.77	-0.26	0.77	-0.89	-0.79	-0.92	-0.38	0.83	-0.97	0.98	0.69
Cash	0.81	-0.63	-0.82	-0.83	0.81	-0.99	-0.5		1.0	-0.55	-0.53	0.58	-0.83	-0.63	0.67	-0.63	0.57	0.81	0.65	0.82	-0.66	0.56	-0.55	0.05
Cash And Short Term Investments	0.81	-0.63	-0.82	-0.83	0.81	-0.99	-0.5	1.0		-0.55	-0.53	0.58	-0.83	-0.63	0.67	-0.63	0.57	0.81	0.65	0.82	-0.66	0.56	-0.55	0.05
Net Receivables	-0.24	0.6	0.49	0.56	-0.27	0.58	0.47	-0.55	-0.55		0.57	-0.43	0.56	0.6	0.24	0.6	-0.42	-0.27	-0.51	-0.03	0.14	-0.32	0.34	0.59
Common Stock Shares Outstanding	-0.38	0.85	0.67	0.69	-0.41	0.56	0.42	-0.53	-0.53	0.57		-0.33	0.69	0.85	-0.16	0.85	-0.32	-0.42	-0.41	-0.3	0.3	-0.36	0.36	0.27
Other Stockholder Equity	0.87	-0.77	-0.87	-0.87	0.88	-0.65	-0.89	0.58	0.58	-0.43	-0.33		-0.87	-0.77	0.31	-0.77	1.0	0.87	0.99	0.59	-0.89	0.94	-0.94	-0.44
Total Liab	-0.9	0.93	1.0	1.0	-0.92	0.87	0.82	-0.83	-0.83	0.56	0.69	-0.87		0.93	-0.49	0.93	-0.87	-0.92	-0.91	-0.73	0.85	-0.85	0.85	0.3
Short Long Term Debt	-0.71	1.0	0.91	0.93	-0.73	0.69	0.77	-0.63	-0.63	0.6	0.85	-0.77	0.93		-0.23	1.0	-0.77	-0.73	-0.82	-0.48	0.68	-0.75	0.75	0.45
Total Current Assets	0.73	-0.23	-0.54	-0.49	0.71	-0.62	-0.26	0.67	0.67	0.24	-0.16	0.31	-0.49	-0.23		-0.23	0.31	0.72	0.33	0.88	-0.68	0.43	-0.41	0.47
Short Term Debt	-0.71	1.0	0.91	0.93	-0.73	0.69	0.77	-0.63	-0.63	0.6	0.85	-0.77	0.93	1.0	-0.23		-0.77	-0.73	-0.82	-0.48	0.68	-0.75	0.75	0.45
Common Stock	0.87	-0.77	-0.87	-0.87	0.87	-0.64	-0.89	0.57	0.57	-0.42	-0.32	1.0	-0.87	-0.77	0.31	-0.77		0.87	0.99	0.58	-0.89	0.94	-0.94	-0.44
Net Invested Capital	1.0	-0.73	-0.94	-0.92	1.0	-0.83	-0.79	0.81	0.81	-0.27	-0.42	0.87	-0.92	-0.73	0.72	-0.73	0.87		0.89	0.87	-0.97	0.89	-0.88	-0.11
Capital Stock	0.88	-0.82	-0.91	-0.91	0.89	-0.71	-0.92	0.65	0.65	-0.51	-0.41	0.99	-0.91	-0.82	0.33	-0.82	0.99	0.89		0.59	-0.89	0.95	-0.95	-0.47
Net Working Capital	0.89	-0.48	-0.75	-0.73	0.89	-0.82	-0.38	0.82	0.82	-0.03	-0.3	0.59	-0.73	-0.48	0.88	-0.48	0.58	0.87	0.59		-0.79	0.56	-0.54	0.39
Non Currrent Assets Other	-0.97	0.68	0.89	0.85	-0.96	0.68	0.83	-0.66	-0.66	0.14	0.3	-0.89	0.85	0.68	-0.68	0.68	-0.89	-0.97	-0.89	-0.79		-0.94	0.93	0.18
Inventory	0.87	-0.75	-0.88	-0.85	0.87	-0.59	-0.97	0.56	0.56	-0.32	-0.36	0.94	-0.85	-0.75	0.43	-0.75	0.94	0.89	0.95	0.56	-0.94		-1.0	-0.5
Other Current Assets	-0.86	0.75	0.87	0.85	-0.86	0.58	0.98	-0.55	-0.55	0.34	0.36	-0.94	0.85	0.75	-0.41	0.75	-0.94	-0.88	-0.95	-0.54	0.93	-1.0		0.52
Intangible Assets	-0.05	0.45	0.28	0.3	-0.07	-0.02	0.69	0.05	0.05	0.59	0.27	-0.44	0.3	0.45	0.47	0.45	-0.44	-0.11	-0.47	0.39	0.18	-0.5	0.52

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Abits Capital Stock vs Common Stock Analysis

Capital Stock vs Common Stock

Capital Stock vs Common Stock Correlation Analysis

Correlation Coefficient

Capital Stock

Common Stock

Abits fundamental ratios Correlations

Abits Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

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Additional Tools for Abits Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Short Long Term Debt	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab

Other Current Assets	- 1.0	Inventory
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Non Currrent Assets Other	- 0.97	Net Invested Capital
Inventory	- 0.97	Retained Earnings
Non Currrent Assets Other	- 0.97	Total Assets