QUALCOMM Revenue Per Share from 2010 to 2024
| QCOM Stock | 20.75 0.37 1.82% |
Check QUALCOMM Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among QUALCOMM Incorporated's main balance sheet or income statement drivers, such as Tax Provision of 214.7 M, Interest Income of 708.8 M or Interest Expense of 671 M, as well as many indicators such as . QUALCOMM financial statements analysis is a perfect complement when working with QUALCOMM Incorporated Valuation or Volatility modules.
QUALCOMM | Revenue Per Share |
Pair Trading with QUALCOMM Incorporated
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 QUALCOMM Incorporated 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 QUALCOMM Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving together with QUALCOMM Stock
Moving against QUALCOMM Stock
| 0.8 | TCS | TECSYS Inc | PairCorr |
| 0.79 | ENS-PA | E Split Corp | PairCorr |
| 0.77 | ECN | ECN Capital Corp | PairCorr |
| 0.71 | NOA | North American Const | PairCorr |
| 0.68 | GRN | Greenlane Renewables | PairCorr |
The ability to find closely correlated positions to QUALCOMM Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace QUALCOMM Incorporated 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 QUALCOMM Incorporated - 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 QUALCOMM Incorporated to buy it.
The correlation of QUALCOMM Incorporated 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 QUALCOMM Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QUALCOMM Incorporated 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 QUALCOMM Incorporated 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 QUALCOMM Incorporated Correlation against competitors. For information on how to trade QUALCOMM Stock refer to our How to Trade QUALCOMM Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.