BTCS Total Liab vs Net Working Capital Analysis
| BTCS Stock | USD 1.53 0.09 6.25% |
BTCS financial indicator trend analysis is way more than just evaluating BTCS Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BTCS Inc is a good investment. Please check the relationship between BTCS Total Liab and its Net Working Capital accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Total Liab vs Net Working Capital
Total Liab vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BTCS Inc Total Liab account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between BTCS's Total Liab and Net Working Capital is -0.11. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Working Capital 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 Total Liab and Net Working Capital 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 Liab of BTCS Inc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Liab i.e., BTCS's Total Liab and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Working Capital
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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Enterprise Value is likely to gain to about 22.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 712.7K | 611.8K | 687.3K | 565.7K | Reconciled Depreciation | 939.0 | 4.0K | 5.0K | 5.3K |
BTCS fundamental ratios Correlations
Click cells to compare fundamentals
BTCS Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BTCS fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 421.4K | 1.6M | 14.1M | 9.9M | 27.1M | 28.5M | |
| Other Current Liab | 445.3K | 376.7K | 1.9M | 509.7K | 925.8K | 879.6K | |
| Total Current Liabilities | 605.1K | 508.6K | 2.0M | 586.4K | 980.9K | 931.9K | |
| Total Stockholder Equity | (183.8K) | 1.0M | 12.1M | 9.3M | 26.2M | 27.5M | |
| Net Debt | 16.8K | (392.2K) | (1.4M) | (2.1M) | (1.5M) | (1.4M) | |
| Retained Earnings | (117.0M) | (119.5M) | (135.6M) | (151.5M) | (138.7M) | (131.7M) | |
| Cash | 143.1K | 524.1K | 1.4M | 2.1M | 1.5M | 1.5M | |
| Cash And Short Term Investments | 396.0K | 1.5M | 5.1M | 4.1M | 26.7M | 28.0M | |
| Common Stock Shares Outstanding | 1.6M | 3.0M | 6.8M | 12.7M | 14.1M | 14.8M | |
| Liabilities And Stockholders Equity | 421.4K | 1.6M | 14.1M | 9.9M | 27.1M | 28.5M | |
| Other Stockholder Equity | 116.8M | 120.5M | 147.7M | 160.8M | 164.8M | 84.7M | |
| Total Liab | 605.1K | 508.6K | 2.0M | 586.4K | 980.9K | 931.9K | |
| Total Current Assets | 420.0K | 1.6M | 5.5M | 4.2M | 27.0M | 28.4M | |
| Common Stock | 19.8K | 42.0K | 10.5K | 13.1K | 15.3K | 14.6K | |
| Property Plant And Equipment Net | 1.3K | 230.0 | 9.8K | 11.2K | 10.5K | 10.0K | |
| Accounts Payable | 28.3K | 26.3K | 138.7K | 76.7K | 55.1K | 52.3K | |
| Non Current Assets Total | 1.3K | 230.0 | 8.6M | 5.7M | 110.5K | 105.0K | |
| Non Currrent Assets Other | (1.3K) | (230.0) | 8.6M | 5.7M | 6.6M | 6.9M | |
| Other Current Assets | 24.0K | 31.9K | 324.6K | 2.0M | 62.5K | 59.3K | |
| Short Term Debt | 0.0 | 200K | 159.9K | 131.9K | 118.7K | 112.8K | |
| Net Tangible Assets | (256.0K) | (183.8K) | 1.0M | 12.1M | 13.9M | 14.6M | |
| Short Long Term Debt | 0.0 | 200K | 159.9K | 131.9K | 118.7K | 112.8K | |
| Property Plant Equipment | 2.7K | 1.3K | 230.0 | 9.8K | 8.8K | 8.4K | |
| Short Term Investments | 252.9K | 995.7K | 3.7M | 1.9M | 25.2M | 26.5M | |
| Net Invested Capital | (23.9K) | 1.2M | 12.1M | 9.3M | 23.6M | 24.8M | |
| Net Working Capital | (185.1K) | 1.0M | 3.5M | 3.6M | 26.1M | 27.4M | |
| Capital Stock | 19.9K | 42.0K | 10.5K | 13.1K | 2.6M | 2.7M |
Pair Trading with BTCS
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 BTCS 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 BTCS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BTCS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTCS 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 BTCS - 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 BTCS Inc to buy it.
The correlation of BTCS 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 BTCS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BTCS Inc 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 BTCS 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.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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the BTCS Inc information on this page should be used as a complementary analysis to other BTCS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for BTCS Stock analysis
When running BTCS's price analysis, check to measure BTCS'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 BTCS is operating at the current time. Most of BTCS's value examination focuses on studying past and present price action to predict the probability of BTCS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BTCS's price. Additionally, you may evaluate how the addition of BTCS to your portfolios can decrease your overall portfolio volatility.
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Is BTCS's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BTCS. If investors know BTCS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BTCS listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.55 | Revenue Per Share 0.095 | Quarterly Revenue Growth 0.204 | Return On Assets (0.13) | Return On Equity 0.4405 |
The market value of BTCS Inc is measured differently than its book value, which is the value of BTCS that is recorded on the company's balance sheet. Investors also form their own opinion of BTCS's value that differs from its market value or its book value, called intrinsic value, which is BTCS's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BTCS's market value can be influenced by many factors that don't directly affect BTCS's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BTCS's value and its price as these two are different measures arrived at by different means. Investors typically determine if BTCS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BTCS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.