Bitdeer Net Invested Capital vs Net Debt Analysis
| BTDR Stock | 14.27 2.04 16.68% |
Bitdeer Technologies financial indicator trend analysis is way more than just evaluating Bitdeer Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitdeer Technologies is a good investment. Please check the relationship between Bitdeer Technologies Net Invested Capital and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitdeer Technologies 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 unemployment.
Net Invested Capital vs Net Debt
Net Invested Capital vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitdeer Technologies Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Bitdeer Technologies' Net Invested Capital and Net Debt is -0.66. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Bitdeer Technologies Group, assuming nothing else is changed. The correlation between historical values of Bitdeer Technologies' Net Invested Capital and Net Debt 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 Invested Capital of Bitdeer Technologies Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Bitdeer Technologies' Net Invested Capital and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.66 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Bitdeer Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitdeer Technologies 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 Bitdeer Technologies 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 unemployment. At this time, Bitdeer Technologies' Tax Provision is relatively stable compared to the past year. As of 11/30/2024, Issuance Of Capital Stock is likely to grow to about 10 M, while Sales General And Administrative To Revenue is likely to drop 0.14.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 63.1M | 65.2M | 72.9M | 79.4M | Interest Income | 2.9M | 4.3M | 8.0M | 8.4M |
Bitdeer Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Bitdeer Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Bitdeer Technologies
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 Bitdeer Technologies 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 Bitdeer Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitdeer Stock
| 0.84 | DJCO | Daily Journal Corp | PairCorr |
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| 0.85 | BL | Blackline | PairCorr |
Moving against Bitdeer Stock
The ability to find closely correlated positions to Bitdeer Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitdeer Technologies 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 Bitdeer Technologies - 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 Bitdeer Technologies Group to buy it.
The correlation of Bitdeer Technologies 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 Bitdeer Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitdeer Technologies 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 Bitdeer Technologies 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.Additional Tools for Bitdeer Stock Analysis
When running Bitdeer Technologies' price analysis, check to measure Bitdeer Technologies' 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 Bitdeer Technologies is operating at the current time. Most of Bitdeer Technologies' value examination focuses on studying past and present price action to predict the probability of Bitdeer Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitdeer Technologies' price. Additionally, you may evaluate how the addition of Bitdeer Technologies to your portfolios can decrease your overall portfolio volatility.