Abits Cash vs Common Stock Shares Outstanding 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 Cash and its Common Stock Shares Outstanding 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.

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abits Group Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Abits' Cash and Common Stock Shares Outstanding is -0.53. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Abits Group, assuming nothing else is changed. The correlation between historical values of Abits' Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Abits Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Abits' Cash and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

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Cash

Cash refers to the most liquid asset of Abits Group, which is listed under current asset account on Abits Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Abits customers. The amounts must be unrestricted with restricted cash listed in a different Abits account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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 Cash vs Common Stock Shares Outstanding Analysis

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Cash

Common Stock Shares Outstanding

Abits fundamental ratios Correlations

Abits Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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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