Comerica Stock Market Value
| CMA Stock | USD 72.32 0.32 0.44% |
| Symbol | Comerica |
Comerica Price To Book Ratio
Is Regional Banks 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 Comerica. If investors know Comerica 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 Comerica listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 2.84 | Earnings Share 4 | Revenue Per Share 23.812 | Quarterly Revenue Growth (0.1) |
The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica'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 Comerica's market value can be influenced by many factors that don't directly affect Comerica'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 Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica'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.
Comerica '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 Comerica'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 Comerica.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Comerica on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Comerica or generate 0.0% return on investment in Comerica over 720 days. Comerica is related to or competes with Western Alliance, KeyCorp, Truist Financial, Zions Bancorporation, Huntington Bancshares, US Bancorp, and First Horizon. Comerica Incorporated, through its subsidiaries, provides various financial products and services More
Comerica 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 Comerica'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 Comerica upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.1353 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.23 |
Comerica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comerica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comerica's standard deviation. In reality, there are many statistical measures that can use Comerica historical prices to predict the future Comerica's volatility.| Risk Adjusted Performance | 0.1565 | |||
| Jensen Alpha | 0.1748 | |||
| Total Risk Alpha | 0.073 | |||
| Sortino Ratio | 0.1665 | |||
| Treynor Ratio | 0.2099 |
Comerica Backtested Returns
Comerica appears to be very steady, given 3 months investment horizon. Comerica secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Comerica, which you can use to evaluate the volatility of the firm. Please makes use of Comerica's Risk Adjusted Performance of 0.1565, downside deviation of 1.74, and Mean Deviation of 1.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comerica holds a performance score of 15. The firm shows a Beta (market volatility) of 1.95, which signifies 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, Comerica will likely underperform. Please check Comerica's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether Comerica's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Comerica has weak reverse predictability. Overlapping area represents the amount of predictability between Comerica time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Comerica price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Comerica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 34.77 |
Comerica lagged returns against current returns
Autocorrelation, which is Comerica 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 Comerica's stock expected returns. We can calculate the autocorrelation of Comerica returns to help us make a trade decision. For example, suppose you find that Comerica 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 |
Comerica 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 Comerica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comerica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comerica stock over time.
Current vs Lagged Prices |
| Timeline |
Comerica Lagged Returns
When evaluating Comerica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comerica stock have on its future price. Comerica 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, Comerica autocorrelation shows the relationship between Comerica stock current value and its past values and can show if there is a momentum factor associated with investing in Comerica.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Comerica offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comerica's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Comerica Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comerica Stock:Check out Comerica Correlation, Comerica Volatility and Comerica Alpha and Beta module to complement your research on Comerica. For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Comerica technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.