Sharplink Tax Provision from 2010 to 2024
| SBET Stock | USD 0.91 0.08 9.64% |
Tax Provision | First Reported 2010-12-31 | Previous Quarter 52 K | Current Value 54.6 K | Quarterly Volatility 53 K |
Check Sharplink Gaming financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sharplink Gaming's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 M, Interest Expense of 1.6 M or Selling General Administrative of 14.9 M, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0287 or PTB Ratio of 3.71. Sharplink financial statements analysis is a perfect complement when working with Sharplink Gaming Valuation or Volatility modules.
Sharplink | Tax Provision |
Latest Sharplink Gaming's Tax Provision Growth Pattern
Below is the plot of the Tax Provision of Sharplink Gaming over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Sharplink Gaming's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Sharplink Gaming's overall financial position and show how it may be relating to other accounts over time.
| Tax Provision | 10 Years Trend |
|
Tax Provision |
| Timeline |
Sharplink Tax Provision Regression Statistics
| Arithmetic Mean | (44,917) | |
| Geometric Mean | 41,706 | |
| Coefficient Of Variation | (118.07) | |
| Mean Deviation | 46,604 | |
| Median | (79,870) | |
| Standard Deviation | 53,033 | |
| Sample Variance | 2.8B | |
| Range | 134.4K | |
| R-Value | 0.84 | |
| Mean Square Error | 913.9M | |
| R-Squared | 0.70 | |
| Significance | 0.0001 | |
| Slope | 9,909 | |
| Total Sum of Squares | 39.4B |
Sharplink Tax Provision History
About Sharplink Gaming Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Sharplink Gaming income statement, its balance sheet, and the statement of cash flows. Sharplink Gaming investors use historical funamental indicators, such as Sharplink Gaming's Tax Provision, to determine how well the company is positioned to perform in the future. Although Sharplink Gaming investors may use each financial statement separately, they are all related. The changes in Sharplink Gaming's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sharplink Gaming's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Sharplink Gaming Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Sharplink Gaming. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Tax Provision | 52 K | 54.6 K |
Pair Trading with Sharplink Gaming
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 Sharplink Gaming 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 Sharplink Gaming will appreciate offsetting losses from the drop in the long position's value.Moving together with Sharplink Stock
| 0.77 | WYNN | Wynn Resorts Limited | PairCorr |
| 0.88 | CZR | Caesars Entertainment | PairCorr |
| 0.87 | HGV | Hilton Grand Vacations | PairCorr |
| 0.85 | LVS | Las Vegas Sands Buyout Trend | PairCorr |
Moving against Sharplink Stock
| 0.82 | OSW | OneSpaWorld Holdings | PairCorr |
| 0.78 | VSTO | Vista Outdoor | PairCorr |
| 0.75 | JD | JD Inc Adr | PairCorr |
| 0.52 | MLCO | Melco Resorts Entert | PairCorr |
The ability to find closely correlated positions to Sharplink Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sharplink Gaming 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 Sharplink Gaming - 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 Sharplink Gaming to buy it.
The correlation of Sharplink Gaming 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 Sharplink Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sharplink Gaming 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 Sharplink Gaming 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 Sharplink Stock Analysis
When running Sharplink Gaming's price analysis, check to measure Sharplink Gaming'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 Sharplink Gaming is operating at the current time. Most of Sharplink Gaming's value examination focuses on studying past and present price action to predict the probability of Sharplink Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharplink Gaming's price. Additionally, you may evaluate how the addition of Sharplink Gaming to your portfolios can decrease your overall portfolio volatility.