IONQ Total Revenue vs Other Operating Expenses Analysis

IONQ Stock  USD 15.03  1.84  10.91%   
IONQ financial indicator trend analysis is infinitely more than just investigating IONQ Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IONQ Inc is a good investment. Please check the relationship between IONQ Total Revenue and its Other Operating Expenses accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IONQ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IONQ Inc Total Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have totally related.
The correlation between IONQ's Total Revenue and Other Operating Expenses is 1.0. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of IONQ Inc, assuming nothing else is changed. The correlation between historical values of IONQ's Total Revenue and Other Operating Expenses 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 Revenue of IONQ Inc are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Revenue i.e., IONQ's Total Revenue and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Revenue

Total revenue comprises all receipts IONQ Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of IONQ Inc. It is also known as IONQ overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from IONQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IONQ 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IONQ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, IONQ's Selling General Administrative is relatively stable compared to the past year. As of 10/31/2024, Tax Provision is likely to grow to about 41 K, though Enterprise Value Multiple is likely to grow to (18.40).
 2021 2022 2023 2024 (projected)
Total Operating Expenses39.7M93.9M171.7M180.3M
Cost Of Revenue1.0M2.9M8.1M8.5M

IONQ fundamental ratios Correlations

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0.920.960.780.830.910.90.99-0.19-0.870.830.210.940.981.00.850.720.990.810.60.830.850.850.870.860.96
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IONQ Account Relationship Matchups

Pair Trading with IONQ

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 IONQ 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 IONQ will appreciate offsetting losses from the drop in the long position's value.

Moving together with IONQ Stock

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Moving against IONQ Stock

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The ability to find closely correlated positions to IONQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IONQ 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 IONQ - 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 IONQ Inc to buy it.
The correlation of IONQ 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 IONQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IONQ 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 IONQ 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.
Pair CorrelationCorrelation Matching

Additional Tools for IONQ Stock Analysis

When running IONQ's price analysis, check to measure IONQ'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 IONQ is operating at the current time. Most of IONQ's value examination focuses on studying past and present price action to predict the probability of IONQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IONQ's price. Additionally, you may evaluate how the addition of IONQ to your portfolios can decrease your overall portfolio volatility.