Ionq Inc Stock Market Value
| IONQ Stock | USD 31.80 0.98 2.99% |
| Symbol | IONQ |
IONQ Inc Price To Book Ratio
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 IONQ. If investors know IONQ 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 IONQ listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.82) | Revenue Per Share 0.179 | Quarterly Revenue Growth 1.021 | Return On Assets (0.25) | Return On Equity (0.37) |
The market value of IONQ Inc is measured differently than its book value, which is the value of IONQ that is recorded on the company's balance sheet. Investors also form their own opinion of IONQ's value that differs from its market value or its book value, called intrinsic value, which is IONQ'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 IONQ's market value can be influenced by many factors that don't directly affect IONQ'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 IONQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if IONQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IONQ'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.
IONQ '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'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.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in IONQ on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding IONQ Inc or generate 0.0% return on investment in IONQ over 540 days. IONQ is related to or competes with D Wave, Rigetti Computing, Cricut, Quantum Computing, Pure Storage, Dell Technologies, and Desktop Metal. IonQ, Inc. engages in the development of general-purpose quantum computing systems More
IONQ 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'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 Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.51 | |||
| Information Ratio | 0.3096 | |||
| Maximum Drawdown | 47.83 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 16.3 |
IONQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IONQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IONQ's standard deviation. In reality, there are many statistical measures that can use IONQ historical prices to predict the future IONQ's volatility.| Risk Adjusted Performance | 0.2594 | |||
| Jensen Alpha | 2.22 | |||
| Total Risk Alpha | 1.3 | |||
| Sortino Ratio | 0.4348 | |||
| Treynor Ratio | 1.02 |
IONQ Inc Backtested Returns
IONQ is somewhat reliable given 3 months investment horizon. IONQ Inc holds Efficiency (Sharpe) Ratio of 0.33, which attests that the entity had a 0.33% return per unit of volatility over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 2.61% are justified by taking the suggested risk. Use IONQ Inc risk adjusted performance of 0.2594, and Market Risk Adjusted Performance of 1.03 to evaluate company specific risk that cannot be diversified away. IONQ holds a performance score of 26 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.46, 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 will likely underperform. Use IONQ Inc semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on IONQ Inc.
Auto-correlation | -0.39 |
Poor reverse predictability
IONQ Inc has poor reverse predictability. Overlapping area represents the amount of predictability between IONQ time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th of November 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 Inc price movement. The serial correlation of -0.39 indicates that just about 39.0% of current IONQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 22.38 |
IONQ Inc lagged returns against current returns
Autocorrelation, which is IONQ 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's stock expected returns. We can calculate the autocorrelation of IONQ returns to help us make a trade decision. For example, suppose you find that IONQ 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IONQ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IONQ stock over time.
Current vs Lagged Prices |
| Timeline |
IONQ Lagged Returns
When evaluating IONQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IONQ stock have on its future price. IONQ 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 autocorrelation shows the relationship between IONQ stock current value and its past values and can show if there is a momentum factor associated with investing in IONQ Inc.
Regressed Prices |
| Timeline |
Pair Trading with IONQ
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 IONQ 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 IONQ will appreciate offsetting losses from the drop in the long position's value.Moving together with IONQ Stock
| 0.89 | EHGO | Eshallgo Class A | PairCorr |
| 0.65 | ERIC | Telefonaktiebolaget Fiscal Year End 28th of January 2025 | PairCorr |
Moving against IONQ Stock
| 0.87 | CDW | CDW Corp | PairCorr |
| 0.73 | SMCI | Super Micro Computer Trending | PairCorr |
| 0.64 | JNPR | Juniper Networks | PairCorr |
| 0.59 | NTIP | Network 1 Technologies | PairCorr |
| 0.31 | NNDM | Nano Dimension | PairCorr |
The ability to find closely correlated positions to IONQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IONQ 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 IONQ - 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 IONQ Inc to buy it.
The correlation of IONQ 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 IONQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IONQ Inc 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 IONQ 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.Additional Tools for IONQ Stock Analysis
When running IONQ's price analysis, check to measure IONQ'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 is operating at the current time. Most of IONQ's value examination focuses on studying past and present price action to predict the probability of IONQ'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's price. Additionally, you may evaluate how the addition of IONQ to your portfolios can decrease your overall portfolio volatility.