QUALCOMM Net Invested Capital vs Inventory Analysis
| QCOM Stock | 21.39 0.10 0.47% |
QUALCOMM Incorporated financial indicator trend analysis is much more than just breaking down QUALCOMM Incorporated prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether QUALCOMM Incorporated is a good investment. Please check the relationship between QUALCOMM Incorporated Net Invested Capital and its Inventory accounts. 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.
Net Invested Capital vs Inventory
Net Invested Capital vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of QUALCOMM Incorporated Net Invested Capital account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between QUALCOMM Incorporated's Net Invested Capital and Inventory is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Inventory in the same time period over historical financial statements of QUALCOMM Incorporated, assuming nothing else is changed. The correlation between historical values of QUALCOMM Incorporated's Net Invested Capital and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of QUALCOMM Incorporated are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Invested Capital i.e., QUALCOMM Incorporated's Net Invested Capital and Inventory go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Inventory
Most indicators from QUALCOMM Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 490M | 694M | 697M | 671M | Interest Income | 91M | 313M | 675M | 708.8M |
QUALCOMM Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
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
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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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.