Abits Total Operating Expenses vs Total Revenue Analysis
| ABTS Stock | 0.61 0.01 1.61% |
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 Total Operating Expenses and its Total Revenue 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.
Total Operating Expenses vs Total Revenue
Total Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abits Group Total Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Abits' Total Operating Expenses and Total Revenue is 0.31. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Abits Group, assuming nothing else is changed. The correlation between historical values of Abits' Total Operating Expenses and Total Revenue 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 Operating Expenses of Abits Group are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Operating Expenses i.e., Abits' Total Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.31 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Total Revenue
Total revenue comprises all receipts Abits Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.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
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Abits Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Abits Stock Analysis
When running Abits' price analysis, check to measure Abits' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.