Quantum Other Current Assets from 2010 to 2024
| QUBT Stock | USD 0.84 0 0.24% |
Other Current Assets | First Reported 2019-03-31 | Previous Quarter 289.1 K | Current Value 427.6 K | Quarterly Volatility 297.3 K |
Check Quantum ComputingInc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quantum main balance sheet or income statement drivers, such as Interest Expense of 3.1 M, Selling General Administrative of 9.6 M or Total Revenue of 340.1 K, as well as many exotic indicators such as Price To Sales Ratio of 188, Dividend Yield of 0.0 or PTB Ratio of 1.01. Quantum financial statements analysis is a perfect complement when working with Quantum ComputingInc Valuation or Volatility modules.
Quantum | Other Current Assets |
Latest Quantum ComputingInc's Other Current Assets Growth Pattern
Below is the plot of the Other Current Assets of Quantum ComputingInc over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Quantum ComputingInc's Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Quantum ComputingInc's overall financial position and show how it may be relating to other accounts over time.
| Other Current Assets | 10 Years Trend |
|
Other Current Assets |
| Timeline |
Quantum Other Current Assets Regression Statistics
| Arithmetic Mean | 80,511 | |
| Geometric Mean | 36,278 | |
| Coefficient Of Variation | 180.67 | |
| Mean Deviation | 95,401 | |
| Median | 23,180 | |
| Standard Deviation | 145,459 | |
| Sample Variance | 21.2B | |
| Range | 430.9K | |
| R-Value | 0.61 | |
| Mean Square Error | 14.4B | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | 19,752 | |
| Total Sum of Squares | 296.2B |
Quantum Other Current Assets History
About Quantum ComputingInc Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Quantum ComputingInc income statement, its balance sheet, and the statement of cash flows. Quantum ComputingInc investors use historical funamental indicators, such as Quantum ComputingInc's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Quantum ComputingInc investors may use each financial statement separately, they are all related. The changes in Quantum ComputingInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Quantum ComputingInc'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 Quantum ComputingInc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Quantum ComputingInc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Assets | 427.6 K | 449 K |
Pair Trading with Quantum ComputingInc
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 Quantum ComputingInc 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 Quantum ComputingInc will appreciate offsetting losses from the drop in the long position's value.Moving together with Quantum Stock
| 0.61 | HPQ | HP Inc Financial Report 4th of June 2024 | PairCorr |
Moving against Quantum Stock
| 0.66 | RELL | Richardson Electronics Financial Report 17th of July 2024 | PairCorr |
| 0.54 | NSYS | Nortech Systems | PairCorr |
| 0.44 | SPCB | Supercom | PairCorr |
The ability to find closely correlated positions to Quantum ComputingInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quantum ComputingInc 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 Quantum ComputingInc - 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 Quantum ComputingInc to buy it.
The correlation of Quantum ComputingInc 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 Quantum ComputingInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quantum ComputingInc 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 Quantum ComputingInc 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 the analysis of Quantum ComputingInc Correlation against competitors. For more information on how to buy Quantum Stock please use our How to Invest in Quantum ComputingInc guide.Note that the Quantum ComputingInc information on this page should be used as a complementary analysis to other Quantum ComputingInc'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Quantum Stock analysis
When running Quantum ComputingInc's price analysis, check to measure Quantum ComputingInc'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 Quantum ComputingInc is operating at the current time. Most of Quantum ComputingInc's value examination focuses on studying past and present price action to predict the probability of Quantum ComputingInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quantum ComputingInc's price. Additionally, you may evaluate how the addition of Quantum ComputingInc to your portfolios can decrease your overall portfolio volatility.
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Is Quantum ComputingInc'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 Quantum ComputingInc. If investors know Quantum 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 Quantum ComputingInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.005 | Quarterly Revenue Growth 57.602 | Return On Assets (0.20) | Return On Equity (0.40) |
The market value of Quantum ComputingInc is measured differently than its book value, which is the value of Quantum that is recorded on the company's balance sheet. Investors also form their own opinion of Quantum ComputingInc's value that differs from its market value or its book value, called intrinsic value, which is Quantum ComputingInc'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 Quantum ComputingInc's market value can be influenced by many factors that don't directly affect Quantum ComputingInc'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 Quantum ComputingInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quantum ComputingInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quantum ComputingInc'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.