Hut Price To Sales Ratio vs Capex To Depreciation Analysis

HUT Stock

CAD 35.26 0.98 2.70%

Hut 8 financial indicator trend analysis is much more than just examining Hut 8 Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hut 8 Mining is a good investment. Please check the relationship between Hut 8 Price To Sales Ratio and its Capex To Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 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 board of governors.

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hut 8 Mining Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hut 8's Price To Sales Ratio and Capex To Depreciation is 0.47. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Hut 8 Mining, assuming nothing else is changed. The correlation between historical values of Hut 8's Price To Sales Ratio and Capex To 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 Price To Sales Ratio of Hut 8 Mining are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Price To Sales Ratio i.e., Hut 8's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Hut 8 Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hut 8 sales, a figure that is much harder to manipulate than other Hut 8 Mining multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Hut 8's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hut 8 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 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 board of governors.

At this time, Hut 8's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.20, though Tax Provision is likely to grow to (1 M).

Hut 8 fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Retained Earnings	Net Receivables	Total Liab	Property Plant And Equipment Net	Accounts Payable	Other Assets	Short Term Investments	Other Current Assets	Other Stockholder Equity	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Intangible Assets	Net Tangible Assets
Total Assets		0.99	0.67	0.61	0.94	0.89	0.73	0.71	0.57	0.3	0.73	0.91	-0.53	0.89	0.97	0.87	0.72	0.62	0.37	0.47	0.79	0.86	0.95	0.9	0.9	0.86
Total Stockholder Equity	0.99		0.6	0.67	0.89	0.83	0.78	0.68	0.65	0.4	0.66	0.86	-0.59	0.85	0.93	0.9	0.66	0.68	0.47	0.57	0.71	0.8	0.92	0.85	0.86	0.91
Net Debt	0.67	0.6		-0.16	0.88	0.92	0.0	0.58	-0.2	-0.31	0.98	0.91	-0.17	0.9	0.81	0.29	0.79	-0.14	-0.3	-0.28	0.95	0.93	0.7	0.91	0.91	0.24
Cash	0.61	0.67	-0.16		0.33	0.21	0.98	0.34	0.92	0.65	-0.07	0.25	-0.43	0.24	0.44	0.85	0.16	0.98	0.73	0.87	0.06	0.17	0.54	0.23	0.25	0.88
Non Current Assets Total	0.94	0.89	0.88	0.33		0.99	0.48	0.69	0.25	-0.01	0.91	0.99	-0.33	0.97	0.99	0.67	0.83	0.34	0.04	0.14	0.95	0.98	0.95	0.98	0.99	0.64
Non Currrent Assets Other	0.89	0.83	0.92	0.21	0.99		0.38	0.66	0.12	-0.12	0.94	0.99	-0.26	0.96	0.97	0.58	0.84	0.23	-0.07	0.02	0.98	0.99	0.92	0.98	1.0	0.54
Cash And Short Term Investments	0.73	0.78	0.0	0.98	0.48	0.38		0.44	0.9	0.59	0.1	0.41	-0.45	0.39	0.59	0.88	0.3	0.97	0.68	0.83	0.23	0.34	0.68	0.39	0.41	0.92
Common Stock Shares Outstanding	0.71	0.68	0.58	0.34	0.69	0.66	0.44		0.3	0.28	0.62	0.73	-0.56	0.81	0.72	0.6	0.75	0.27	0.22	0.23	0.59	0.63	0.61	0.65	0.65	0.52
Total Current Assets	0.57	0.65	-0.2	0.92	0.25	0.12	0.9	0.3		0.85	-0.12	0.2	-0.66	0.19	0.35	0.82	0.04	0.92	0.93	0.99	-0.06	0.08	0.39	0.19	0.17	0.89
Common Stock	0.3	0.4	-0.31	0.65	-0.01	-0.12	0.59	0.28	0.85		-0.25	-0.03	-0.86	0.03	0.07	0.62	-0.14	0.63	0.97	0.91	-0.31	-0.17	0.04	-0.07	-0.08	0.66
Other Current Liab	0.73	0.66	0.98	-0.07	0.91	0.94	0.1	0.62	-0.12	-0.25		0.93	-0.2	0.94	0.84	0.36	0.79	-0.07	-0.24	-0.21	0.97	0.96	0.76	0.93	0.94	0.32
Total Current Liabilities	0.91	0.86	0.91	0.25	0.99	0.99	0.41	0.73	0.2	-0.03	0.93		-0.35	0.98	0.97	0.62	0.84	0.26	0.02	0.09	0.95	0.98	0.9	0.99	0.99	0.59
Retained Earnings	-0.53	-0.59	-0.17	-0.43	-0.33	-0.26	-0.45	-0.56	-0.66	-0.86	-0.2	-0.35		-0.43	-0.37	-0.67	-0.2	-0.42	-0.8	-0.7	-0.09	-0.21	-0.26	-0.3	-0.28	-0.66
Net Receivables	0.89	0.85	0.9	0.24	0.97	0.96	0.39	0.81	0.19	0.03	0.94	0.98	-0.43		0.95	0.62	0.82	0.22	0.04	0.09	0.92	0.95	0.86	0.95	0.96	0.57
Total Liab	0.97	0.93	0.81	0.44	0.99	0.97	0.59	0.72	0.35	0.07	0.84	0.97	-0.37	0.95		0.75	0.83	0.46	0.13	0.25	0.91	0.95	0.97	0.96	0.97	0.72
Property Plant And Equipment Net	0.87	0.9	0.29	0.85	0.67	0.58	0.88	0.6	0.82	0.62	0.36	0.62	-0.67	0.62	0.75		0.51	0.83	0.67	0.77	0.42	0.54	0.76	0.59	0.61	0.98
Accounts Payable	0.72	0.66	0.79	0.16	0.83	0.84	0.3	0.75	0.04	-0.14	0.79	0.84	-0.2	0.82	0.83	0.51		0.16	-0.13	-0.05	0.83	0.84	0.78	0.79	0.82	0.41
Other Assets	0.62	0.68	-0.14	0.98	0.34	0.23	0.97	0.27	0.92	0.63	-0.07	0.26	-0.42	0.22	0.46	0.83	0.16		0.72	0.87	0.07	0.19	0.56	0.25	0.26	0.87
Short Term Investments	0.37	0.47	-0.3	0.73	0.04	-0.07	0.68	0.22	0.93	0.97	-0.24	0.02	-0.8	0.04	0.13	0.67	-0.13	0.72		0.97	-0.26	-0.12	0.12	0.01	-0.03	0.74
Other Current Assets	0.47	0.57	-0.28	0.87	0.14	0.02	0.83	0.23	0.99	0.91	-0.21	0.09	-0.7	0.09	0.25	0.77	-0.05	0.87	0.97		-0.17	-0.03	0.28	0.08	0.06	0.83
Other Stockholder Equity	0.79	0.71	0.95	0.06	0.95	0.98	0.23	0.59	-0.06	-0.31	0.97	0.95	-0.09	0.92	0.91	0.42	0.83	0.07	-0.26	-0.17		0.99	0.86	0.95	0.97	0.38
Short Long Term Debt Total	0.86	0.8	0.93	0.17	0.98	0.99	0.34	0.63	0.08	-0.17	0.96	0.98	-0.21	0.95	0.95	0.54	0.84	0.19	-0.12	-0.03	0.99		0.91	0.98	1.0	0.51
Non Current Liabilities Total	0.95	0.92	0.7	0.54	0.95	0.92	0.68	0.61	0.39	0.04	0.76	0.9	-0.26	0.86	0.97	0.76	0.78	0.56	0.12	0.28	0.86	0.91		0.89	0.93	0.74
Short Term Debt	0.9	0.85	0.91	0.23	0.98	0.98	0.39	0.65	0.19	-0.07	0.93	0.99	-0.3	0.95	0.96	0.59	0.79	0.25	0.01	0.08	0.95	0.98	0.89		0.98	0.58
Intangible Assets	0.9	0.86	0.91	0.25	0.99	1.0	0.41	0.65	0.17	-0.08	0.94	0.99	-0.28	0.96	0.97	0.61	0.82	0.26	-0.03	0.06	0.97	1.0	0.93	0.98		0.58
Net Tangible Assets	0.86	0.91	0.24	0.88	0.64	0.54	0.92	0.52	0.89	0.66	0.32	0.59	-0.66	0.57	0.72	0.98	0.41	0.87	0.74	0.83	0.38	0.51	0.74	0.58	0.58

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Hut 8 Account Relationship Matchups

Hut 8 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.2M	145.2M	720.7M	412.9M	976.9M	1.0B
Total Stockholder Equity	42.7M	115.6M	566.0M	357.4M	643.0M	675.2M
Net Debt	23.1M	22.9M	(99.4M)	16.9M	227.9M	239.3M
Cash	2.9M	2.8M	140.1M	30.5M	40.8M	20.9M
Non Current Assets Total	56.5M	39.9M	252.6M	167.3M	895.6M	940.4M
Non Currrent Assets Other	21.5M	6.0M	45.7M	27.2M	512.6M	538.2M
Cash And Short Term Investments	2.9M	2.8M	140.1M	30.5M	47.4M	49.7M
Common Stock Shares Outstanding	18.1M	18.8M	26.8M	37.6M	55.3M	58.0M
Liabilities And Stockholders Equity	71.2M	145.2M	720.7M	412.9M	976.9M	1.0B
Total Current Assets	14.7M	105.3M	468.1M	245.6M	81.3M	79.9M
Common Stock	170.6M	178.2M	636.6M	767.6M	1.2M	1.1M
Other Current Liab	1.9M	164.2K	(12.3M)	6.9M	38.0M	39.9M
Total Current Liabilities	8.7M	29.6M	26.1M	30.1M	148.4M	155.8M
Retained Earnings	(134.6M)	(115.5M)	(188.3M)	(431.1M)	(132.2M)	(138.8M)
Total Liab	28.5M	29.6M	154.7M	55.5M	333.9M	350.6M
Accumulated Other Comprehensive Income	1.4M	45.7M	103.5M	2.1M	14.2M	17.1M
Property Plant And Equipment Net	34.4M	33.3M	206.9M	125.0M	174.9M	102.7M
Accounts Payable	563.9K	3.7M	7.1M	6.0M	19.7M	20.7M
Other Assets	5.8M	1.0	156.5M	27.2M	31.3M	34.9M
Other Current Assets	10.5M	75.5M	323.9M	203.6M	29.5M	28.0M
Other Stockholder Equity	5.3M	(17.5M)	(84.4M)	(79.8M)	759.8M	797.8M
Short Long Term Debt Total	26.0M	25.8M	40.7M	47.4M	268.8M	282.2M
Non Current Liabilities Total	19.8M	307K	128.7M	31.4M	185.5M	194.7M
Short Term Debt	6.2M	25.8M	16.5M	16.2M	87.2M	91.5M

Pair Trading with Hut 8

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 Hut 8 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 Hut 8 will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hut Stock

0.91

RBA

Ritchie Bros Auctioneers

Pair Corr

Moving against Hut Stock

0.67

PNC-B

Postmedia Network Canada

Pair Corr

The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 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 Hut 8 - 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 Hut 8 Mining to buy it.

The correlation of Hut 8 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 Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Mining 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 Hut 8 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.

Pair Correlation Correlation Matching

Other Information on Investing in Hut Stock

Balance Sheet is a snapshot of the financial position of Hut 8 Mining at a specified time, usually calculated after every quarter, six months, or one year. Hut 8 Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hut 8 and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hut currently owns. An asset can also be divided into two categories, current and non-current.

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Hut Price To Sales Ratio vs Capex To Depreciation Analysis

Price To Sales Ratio vs Capex To Depreciation

Price To Sales Ratio vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Capex To Depreciation

Hut 8 fundamental ratios Correlations

Hut 8 Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hut 8 fundamental ratios Accounts

Pair Trading with Hut 8

Moving together with Hut Stock

Moving against Hut Stock

Other Information on Investing in Hut Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Intangible Assets	+ 1.0	Non Currrent Assets Other
Intangible Assets	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Total Current Liabilities	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Assets Total

Retained Earnings	- 0.86	Common Stock
Short Term Investments	- 0.8	Retained Earnings
Other Current Assets	- 0.7	Retained Earnings
Property Plant And Equipment Net	- 0.67	Retained Earnings
Net Tangible Assets	- 0.66	Retained Earnings
Retained Earnings	- 0.66	Total Current Assets