The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BTCS Inc Net Income From Continuing Ops account and
Reconciled Depreciation. At this time, the significance of the direction appears to have weak relationship.
The correlation between BTCS's Net Income From Continuing Ops and Reconciled Depreciation is 0.32. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of BTCS Inc, assuming nothing else is changed. The correlation between historical values of BTCS's Net Income From Continuing Ops and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of BTCS Inc are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Net Income From Continuing Ops i.e., BTCS's Net Income From Continuing Ops and Reconciled Depreciation go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Most indicators from BTCS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTCS Inc 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 BTCS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Enterprise Value is likely to gain to about 20.3
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 4
M in 2025.
| 2022 | 2023 | 2024 | 2025 (projected) |
Research Development | 611.8K | 687.3K | 790.4K | 565.7K | Reconciled Depreciation | 4.0K | 5.0K | 5.8K | 6.1K |
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