Ionq Wt Stock Market Value
| IONQ-WT Stock | 22.29 3.83 20.75% |
| Symbol | IONQ |
IONQ WT Price To Book Ratio
IONQ WT 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to IONQ WT's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of IONQ WT.
| 12/22/2023 |
| 12/16/2024 |
If you would invest 0.00 in IONQ WT on December 22, 2023 and sell it all today you would earn a total of 0.00 from holding IONQ WT or generate 0.0% return on investment in IONQ WT over 360 days. IONQ WT is related to or competes with Arqit Quantum, Rigetti Computing, and EVgo Equity. IONQ WT is entity of United States. It is traded as Stock on US exchange. More
IONQ WT Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure IONQ WT's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess IONQ WT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0014 | |||
| Maximum Drawdown | 11.17 | |||
| Value At Risk | (11.17) | |||
| Potential Upside | 20.75 |
IONQ WT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IONQ WT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IONQ WT's standard deviation. In reality, there are many statistical measures that can use IONQ WT historical prices to predict the future IONQ WT's volatility.| Risk Adjusted Performance | 0.0164 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (1.42) | |||
| Treynor Ratio | 0.0729 |
IONQ WT Backtested Returns
Currently, IONQ WT is slightly risky. IONQ WT holds Efficiency (Sharpe) Ratio of 0.009, which attests that the entity had a 0.009% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for IONQ WT, which you can use to evaluate the volatility of the firm. Please check out IONQ WT's market risk adjusted performance of 0.0829, and Risk Adjusted Performance of 0.0164 to validate if the risk estimate we provide is consistent with the expected return of 0.0982%. The company retains a Market Volatility (i.e., Beta) of 1.48, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IONQ WT will likely underperform. IONQ WT currently retains a risk of 10.96%. Please check out IONQ WT total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if IONQ WT will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
IONQ WT has no correlation between past and present. Overlapping area represents the amount of predictability between IONQ WT time series from 22nd of December 2023 to 19th of June 2024 and 19th of June 2024 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IONQ WT price movement. The serial correlation of 0.0 indicates that just 0.0% of current IONQ WT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
IONQ WT lagged returns against current returns
Autocorrelation, which is IONQ WT stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting IONQ WT's stock expected returns. We can calculate the autocorrelation of IONQ WT returns to help us make a trade decision. For example, suppose you find that IONQ WT has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
IONQ WT regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If IONQ WT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IONQ WT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IONQ WT stock over time.
Current vs Lagged Prices |
| Timeline |
IONQ WT Lagged Returns
When evaluating IONQ WT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IONQ WT stock have on its future price. IONQ WT autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, IONQ WT autocorrelation shows the relationship between IONQ WT stock current value and its past values and can show if there is a momentum factor associated with investing in IONQ WT.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for IONQ Stock Analysis
When running IONQ WT's price analysis, check to measure IONQ WT'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 WT is operating at the current time. Most of IONQ WT's value examination focuses on studying past and present price action to predict the probability of IONQ WT'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 WT's price. Additionally, you may evaluate how the addition of IONQ WT to your portfolios can decrease your overall portfolio volatility.