Quantum Other Current Assets vs Retained Earnings Analysis
QMCO Stock | USD 17.97 0.80 4.66% |
Quantum financial indicator trend analysis is much more than just breaking down Quantum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quantum is a good investment. Please check the relationship between Quantum Other Current Assets and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quantum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Quantum Stock, please use our How to Invest in Quantum guide.
Other Current Assets vs Retained Earnings
Other Current Assets vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quantum Other Current Assets account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Quantum's Other Current Assets and Retained Earnings is 0.38. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Quantum, assuming nothing else is changed. The correlation between historical values of Quantum's Other Current Assets and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Quantum are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Current Assets i.e., Quantum's Other Current Assets and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Quantum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quantum 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Quantum Stock, please use our How to Invest in Quantum guide.At this time, Quantum's Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Tax Provision is likely to grow to about 804.1 K, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 147.0M | 133.9M | 124.9M | 242.5M | Total Revenue | 372.8M | 412.8M | 311.6M | 296.0M |
Quantum fundamental ratios Correlations
Click cells to compare fundamentals
Quantum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quantum fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 166.0M | 194.9M | 201.6M | 213.7M | 187.6M | 178.2M | |
Other Current Liab | 32.5M | 35.4M | 30.0M | 114.3M | 33.9M | 32.2M | |
Total Current Liabilities | 158.3M | 159.1M | 157.8M | 152.6M | 249.9M | 207.6M | |
Total Stockholder Equity | (198.5M) | (112.2M) | (126.7M) | (86.9M) | (121.5M) | (115.4M) | |
Property Plant And Equipment Net | 21.7M | 19.4M | 24.0M | 26.8M | 21.5M | 20.4M | |
Net Debt | 158.6M | 73.3M | 118.0M | 73.7M | 94.3M | 78.1M | |
Retained Earnings | (703.2M) | (738.6M) | (770.9M) | (808.8M) | (827.4M) | (786.0M) | |
Cash | 6.4M | 27.4M | 5.2M | 26.0M | 25.7M | 24.4M | |
Non Current Assets Total | 30.2M | 38.9M | 56.4M | 60.6M | 55.8M | 53.0M | |
Non Currrent Assets Other | 3.4M | 10.9M | 9.9M | 15.8M | 19.7M | 27.0M | |
Cash And Short Term Investments | 6.4M | 27.4M | 5.2M | 26.0M | 25.7M | 24.4M | |
Net Receivables | 70.4M | 73.1M | 69.4M | 72.5M | 67.8M | 64.4M | |
Common Stock Shares Outstanding | 37.6M | 42.9M | 58.9M | 90.3M | 4.8M | 4.5M | |
Liabilities And Stockholders Equity | 166.0M | 194.9M | 201.6M | 213.7M | 187.6M | 178.2M | |
Non Current Liabilities Total | 206.3M | 148.1M | 170.5M | 147.9M | 59.2M | 56.2M | |
Inventory | 49.7M | 47.9M | 57.8M | 44.7M | 27.5M | 26.2M | |
Other Current Assets | 8.5M | 7.6M | 12.8M | 9.9M | 10.8M | 10.2M | |
Other Stockholder Equity | 505.8M | 626.7M | 645.0M | 702.4M | 707.1M | 366.6M | |
Total Liab | 364.5M | 307.2M | 328.3M | 300.5M | 309.1M | 386.1M | |
Total Current Assets | 135.8M | 156.1M | 145.2M | 153.1M | 131.8M | 125.2M | |
Accumulated Other Comprehensive Income | (1.5M) | (856K) | (1.4M) | (1.6M) | (2.2M) | (2.1M) | |
Accounts Payable | 36.9M | 35.2M | 34.2M | 35.7M | 26.1M | 24.8M | |
Short Long Term Debt Total | 165.0M | 100.7M | 123.2M | 99.6M | 120.0M | 199.7M | |
Current Deferred Revenue | 81.5M | 84.0M | 86.5M | 82.5M | 78.5M | 68.5M | |
Common Stock Total Equity | 399K | 570K | 605K | 936K | 842.4K | 800.3K | |
Short Term Debt | 7.3M | 4.4M | 6.1M | 6.4M | 110.4M | 115.9M | |
Common Stock | 399K | 570K | 605K | 936K | 959K | 911.1K | |
Net Tangible Assets | (198.5M) | (120.7M) | (149.2M) | (104.8M) | (94.3M) | (99.0M) | |
Long Term Debt | 146.8M | 90.9M | 17.7M | 16.8M | 15.1M | 14.3M | |
Retained Earnings Total Equity | (703.2M) | (738.6M) | (770.9M) | (808.8M) | (728.0M) | (764.4M) | |
Long Term Debt Total | 146.8M | 90.9M | 17.7M | 16.8M | 15.1M | 14.3M | |
Capital Surpluse | 505.8M | 626.7M | 645.0M | 722.6M | 831.0M | 585.1M | |
Non Current Liabilities Other | 10.8M | 44.1M | 9.9M | 10.2M | 11.4M | 15.3M | |
Property Plant Equipment | 9.0M | 10.1M | 12.9M | 16.6M | 14.9M | 9.8M | |
Other Assets | 8.4M | 10.9M | 9.9M | 15.8M | 1.0 | 0.95 |
Pair Trading with Quantum
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Quantum Stock
Moving against Quantum Stock
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The ability to find closely correlated positions to Quantum 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 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 - 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 to buy it.
The correlation of Quantum 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quantum 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 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Quantum Stock, please use our How to Invest in Quantum guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Technology Hardware, Storage & Peripherals space 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. 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (13.13) | Revenue Per Share 60.743 | Quarterly Revenue Growth (0.23) | Return On Assets (0.12) |
The market value of Quantum 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's value that differs from its market value or its book value, called intrinsic value, which is Quantum'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's market value can be influenced by many factors that don't directly affect Quantum'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quantum'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.