Cipher Other Assets vs Common Stock Total Equity Analysis

CIFRW Stock  USD 2.10  0.33  18.64%   
Cipher Mining financial indicator trend analysis is way more than just evaluating Cipher Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cipher Mining is a good investment. Please check the relationship between Cipher Mining Other Assets and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.

Other Assets vs Common Stock Total Equity

Other Assets vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cipher Mining Other Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cipher Mining's Other Assets and Common Stock Total Equity is -0.61. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Cipher Mining, assuming nothing else is changed. The correlation between historical values of Cipher Mining's Other Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Cipher Mining are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Assets i.e., Cipher Mining's Other Assets and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Other Assets

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Cipher Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cipher Mining 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 Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.At this time, Cipher Mining's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 25.88 in 2024, whereas Tax Provision is likely to drop slightly above 3 M in 2024.
 2010 2023 2024 (projected)
Tax Provision1.8M3.6M3.0M
Cost Of Revenue4.9K50.3M52.8M

Cipher Mining fundamental ratios Correlations

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-0.61-0.61-0.52-0.61-0.571.00.290.73-0.35-0.38-0.6-0.74-0.61-0.381.0-0.8-0.8-0.581.0-0.61-0.61-0.55-0.61-0.62-0.5
0.970.930.950.95-0.57-0.57-0.41-0.970.870.530.990.960.950.53-0.570.670.920.94-0.570.990.960.950.950.990.71
-0.61-0.61-0.52-0.611.0-0.570.290.73-0.35-0.38-0.6-0.74-0.61-0.381.0-0.8-0.8-0.581.0-0.61-0.61-0.55-0.61-0.62-0.5
-0.58-0.17-0.1-0.640.29-0.410.290.51-0.01-0.99-0.35-0.55-0.66-0.990.29-0.29-0.24-0.140.29-0.42-0.61-0.12-0.64-0.4-0.92
-0.98-0.9-0.88-0.970.73-0.970.730.51-0.76-0.62-0.96-1.0-0.97-0.620.73-0.76-0.95-0.90.73-0.97-0.98-0.89-0.97-0.97-0.78
0.730.810.930.69-0.350.87-0.35-0.01-0.760.130.850.740.720.13-0.350.340.810.86-0.350.80.710.90.690.810.31
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0.970.970.960.94-0.60.99-0.6-0.35-0.960.850.480.950.920.48-0.60.740.940.97-0.61.00.950.970.941.00.68
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0.970.80.80.98-0.610.95-0.61-0.66-0.970.720.760.920.980.76-0.610.620.850.8-0.610.930.980.80.980.930.88
0.690.30.240.74-0.380.53-0.38-0.99-0.620.131.00.480.670.76-0.380.390.370.27-0.380.540.720.260.740.530.97
-0.61-0.61-0.52-0.611.0-0.571.00.290.73-0.35-0.38-0.6-0.74-0.61-0.38-0.8-0.8-0.581.0-0.61-0.61-0.55-0.61-0.62-0.5
0.740.810.650.73-0.80.67-0.8-0.29-0.760.340.390.740.740.620.39-0.80.780.76-0.80.770.730.710.730.770.58
0.880.930.930.86-0.80.92-0.8-0.24-0.950.810.370.940.940.850.37-0.80.780.93-0.80.930.870.930.860.930.57
0.881.00.990.85-0.580.94-0.58-0.14-0.90.860.270.970.870.80.27-0.580.760.93-0.580.950.861.00.850.960.5
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0.980.960.940.97-0.610.99-0.61-0.42-0.970.80.541.00.960.930.54-0.610.770.930.95-0.610.980.950.971.00.73
1.00.880.841.0-0.610.96-0.61-0.61-0.980.710.720.950.980.980.72-0.610.730.870.86-0.610.980.861.00.970.86
0.880.991.00.84-0.550.95-0.55-0.12-0.890.90.260.970.860.80.26-0.550.710.931.0-0.550.950.860.840.960.48
1.00.860.821.0-0.610.95-0.61-0.64-0.970.690.740.940.970.980.74-0.610.730.860.85-0.610.971.00.840.960.88
0.980.970.940.96-0.620.99-0.62-0.4-0.970.810.531.00.960.930.53-0.620.770.930.96-0.621.00.970.960.960.72
0.840.530.460.88-0.50.71-0.5-0.92-0.780.310.970.680.820.880.97-0.50.580.570.5-0.50.730.860.480.880.72
Click cells to compare fundamentals

Cipher Mining Account Relationship Matchups

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Additional Tools for Cipher Stock Analysis

When running Cipher Mining's price analysis, check to measure Cipher Mining's 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 Cipher Mining is operating at the current time. Most of Cipher Mining's value examination focuses on studying past and present price action to predict the probability of Cipher Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipher Mining's price. Additionally, you may evaluate how the addition of Cipher Mining to your portfolios can decrease your overall portfolio volatility.