First Bitcoin Capital Stock Beneish M Score
| BITCF Stock | USD 0.0006 0.00 0.00% |
First | Beneish M Score |
At this time, it appears that First BITCoin Capital is a possible manipulator. The earnings manipulation may begin if First BITCoin's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by First BITCoin executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of First BITCoin's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-1.32
Beneish M Score - Possible Manipulator
First BITCoin Beneish M-Score Indicator Trends
The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if First BITCoin's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Receivables | 147.6 K | 193.5 K |
|
| |||||
| Total Assets | 612.4 K | 420.2 K |
|
| |||||
| Total Current Assets | 223.2 K | 212.6 K |
|
| |||||
| Property Plant Equipment | 68.9 K | 72.6 K |
|
| |||||
| Selling General Administrative | 179.4 K | 290.6 K |
|
| |||||
| Total Current Liabilities | 202 K | 297.4 K |
|
| |||||
| Short Term Debt | 147.9 K | 201.7 K |
|
| |||||
| Long Term Investments | 81.9 K | 86.2 K |
|
| |||||
| Gross Profit Margin | 0.0516 | 0.0581 |
|
|
First BITCoin Capital Beneish M-Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between First BITCoin's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards First BITCoin in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find First BITCoin's degree of accounting gimmicks and manipulations.
Click cells to compare fundamentals
About First BITCoin Beneish M Score
M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.
Depreciation |
|
About First BITCoin Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First BITCoin Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First BITCoin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First BITCoin Capital based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First BITCoin
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 First BITCoin 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 First BITCoin will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First BITCoin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First BITCoin 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 First BITCoin - 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 First BITCoin Capital to buy it.
The correlation of First BITCoin 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 First BITCoin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First BITCoin Capital 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 First BITCoin 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 First BITCoin Piotroski F Score and First BITCoin Altman Z Score analysis. Note that the First BITCoin Capital information on this page should be used as a complementary analysis to other First BITCoin'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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for First Stock analysis
When running First BITCoin's price analysis, check to measure First BITCoin'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 First BITCoin is operating at the current time. Most of First BITCoin's value examination focuses on studying past and present price action to predict the probability of First BITCoin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First BITCoin's price. Additionally, you may evaluate how the addition of First BITCoin to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Stocks Directory Find actively traded stocks across global markets |
Is First BITCoin'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 First BITCoin. If investors know First 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 First BITCoin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.043 | Earnings Share (0) |
The market value of First BITCoin Capital is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First BITCoin's value that differs from its market value or its book value, called intrinsic value, which is First BITCoin'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 First BITCoin's market value can be influenced by many factors that don't directly affect First BITCoin'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 First BITCoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if First BITCoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First BITCoin'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.