Quantum Total Stockholder Equity vs Net Tangible Assets Analysis
| QUBT Stock | USD 0.79 0.05 5.95% |
Quantum ComputingInc financial indicator trend analysis is much more than just breaking down Quantum ComputingInc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quantum ComputingInc is a good investment. Please check the relationship between Quantum ComputingInc Total Stockholder Equity and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum ComputingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Quantum Stock please use our How to Invest in Quantum ComputingInc guide.
Total Stockholder Equity vs Net Tangible Assets
Total Stockholder Equity vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quantum ComputingInc Total Stockholder Equity account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Quantum ComputingInc's Total Stockholder Equity and Net Tangible Assets is -0.4. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Quantum ComputingInc, assuming nothing else is changed. The correlation between historical values of Quantum ComputingInc's Total Stockholder Equity and Net Tangible Assets 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 Stockholder Equity of Quantum ComputingInc are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Stockholder Equity i.e., Quantum ComputingInc's Total Stockholder Equity and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.4 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Quantum ComputingInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quantum ComputingInc 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum ComputingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Quantum Stock please use our How to Invest in Quantum ComputingInc guide.Selling General Administrative is likely to drop to about 9.6 M in 2024. Issuance Of Capital Stock is likely to drop to about 13.6 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 16.9M | 36.7M | 27.6M | 16.9M | Research Development | 2.6M | 4.6M | 6.4M | 6.8M |
Quantum ComputingInc fundamental ratios Correlations
Click cells to compare fundamentals
Quantum ComputingInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quantum ComputingInc fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 148.2K | 15.3M | 17.3M | 89.3M | 78.7M | 82.7M | |
| Other Current Liab | 980.7K | 108.1K | 3.4K | 3.8M | 661.2K | 893.0K | |
| Total Current Liabilities | 3.0M | 693.2K | 1.1M | 6.5M | 4.6M | 2.5M | |
| Total Stockholder Equity | (2.8M) | 14.6M | 16.2M | 74.9M | 73.3M | 76.9M | |
| Net Tangible Assets | (2.8M) | 14.6M | 16.2M | (6.5M) | (7.4M) | (7.0M) | |
| Retained Earnings | (28.8M) | (53.5M) | (81.4M) | (120.0M) | (149.7M) | (142.2M) | |
| Accounts Payable | 218.3K | 366.7K | 464.9K | 871.9K | 1.5M | 1.5M | |
| Cash | 101.1K | 15.2M | 16.7M | 3.8M | 2.1M | 2.0M | |
| Total Liab | 3.0M | 693.2K | 1.1M | 14.4M | 5.5M | 3.4M | |
| Total Current Assets | 122.6K | 15.2M | 17.2M | 4.1M | 3.2M | 5.0M | |
| Short Term Debt | 1.6M | 218.4K | 18.1K | 1.9M | 2.5M | 2.6M | |
| Common Stock | 736.0 | 2.8K | 2.9K | 5.6K | 7.7K | 7.4K | |
| Property Plant Equipment | 25.6K | 31.0K | 41.3K | 975.2K | 1.1M | 1.2M | |
| Common Stock Total Equity | 470.0 | 740.0 | 2.8 | 5.6K | 6.4K | 6.8K | |
| Common Stock Shares Outstanding | 7.4M | 28.0M | 29.2M | 56.0M | 77.5M | 81.3M | |
| Other Stockholder Equity | 16.9M | 47.7M | 67.4M | 151.2M | 167.9M | 176.3M | |
| Short Long Term Debt Total | 1.6M | 218.4K | 18.1K | 9.5M | 3.3M | 3.3M | |
| Property Plant And Equipment Net | 25.6K | 31.0K | 41.3K | 2.3M | 3.7M | 3.9M | |
| Net Debt | 1.5M | (15.0M) | (16.7M) | 5.7M | 1.3M | 1.3M | |
| Non Current Assets Total | 25.6K | 31.0K | 41.3K | 83.7M | 75.5M | 79.3M | |
| Cash And Short Term Investments | 101.1K | 15.2M | 16.7M | 3.8M | 2.1M | 2.0M | |
| Liabilities And Stockholders Equity | 148.2K | 15.3M | 17.3M | 89.3M | 78.7M | 82.7M | |
| Non Current Liabilities Total | 2.7B | 585.1K | 483.0K | 7.9M | 840.1K | 798.1K | |
| Other Current Assets | 21.5K | 40.8K | 18.1K | 42.1K | 427.6K | 449.0K | |
| Property Plant And Equipment Gross | 25.6K | 30.96 | 59.7K | 2.3M | 3.9M | 4.1M | |
| Accumulated Other Comprehensive Income | 9.0M | 20.3M | 30.2M | 43.7M | 55.0M | 29.0M |
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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum ComputingInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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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.