QUALCOMM Historical Income Statement
| QCOM Stock | 21.39 0.10 0.47% |
Historical analysis of QUALCOMM Incorporated income statement accounts such as Total Revenue of 42 B, Gross Profit of 23.8 B, Operating Income of 8.7 B or Net Income From Continuing Ops of 7.9 B can show how well QUALCOMM Incorporated performed in making a profits. Evaluating QUALCOMM Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of QUALCOMM Incorporated's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining QUALCOMM Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether QUALCOMM Incorporated is a good buy for the upcoming year.
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About QUALCOMM Income Statement Analysis
QUALCOMM Incorporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to QUALCOMM Incorporated shareholders. The income statement also shows QUALCOMM investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
QUALCOMM Incorporated Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Gross Profit
Gross profit is a required income statement account that reflects total revenue of QUALCOMM Incorporated minus its cost of goods sold. It is profit before QUALCOMM Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from QUALCOMM Incorporated's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into QUALCOMM Incorporated current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 QUALCOMM Incorporated. 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. For information on how to trade QUALCOMM Stock refer to our How to Trade QUALCOMM Stock guide.At present, QUALCOMM Incorporated's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 42 B, whereas Net Interest Income is forecasted to decline to (23.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 490M | 694M | 697M | 671M | Interest Income | 91M | 313M | 675M | 708.8M |
QUALCOMM Incorporated income statement Correlations
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QUALCOMM Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.67 | WMT | Walmart Inc CDR | PairCorr |
| 0.67 | COST | Costco Wholesale Corp | PairCorr |
| 0.54 | AMZN | Amazon CDR | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | BN | Brookfield | 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in QUALCOMM Incorporated. 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. For information on how to trade QUALCOMM Stock refer to our How to Trade QUALCOMM Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..