Comcast (Brazil) Market Value
| CMCS34 Stock | BRL 47.64 0.21 0.44% |
| Symbol | Comcast |
Comcast '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 Comcast'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 Comcast.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Comcast on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Comcast or generate 0.0% return on investment in Comcast over 30 days. Comcast is related to or competes with Verizon Communications, Take Two, BIONTECH, MAHLE Metal, British American, and Metalrgica Riosulense. Comcast Corporation operates as a media and technology company worldwide More
Comcast 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 Comcast'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 Comcast upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0078 | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 3.05 |
Comcast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comcast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comcast's standard deviation. In reality, there are many statistical measures that can use Comcast historical prices to predict the future Comcast's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.1503 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0069 | |||
| Treynor Ratio | (0.71) |
Comcast Backtested Returns
At this point, Comcast is very steady. Comcast secures Sharpe Ratio (or Efficiency) of 0.0806, which signifies that the company had a 0.0806% return per unit of risk over the last 3 months. We have found thirty technical indicators for Comcast, which you can use to evaluate the volatility of the firm. Please confirm Comcast's Risk Adjusted Performance of 0.0582, downside deviation of 2.19, and Mean Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Comcast has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Comcast are expected to decrease at a much lower rate. During the bear market, Comcast is likely to outperform the market. Comcast right now shows a risk of 1.98%. Please confirm Comcast coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Comcast will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Comcast has very weak reverse predictability. Overlapping area represents the amount of predictability between Comcast time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Comcast price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Comcast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
Comcast lagged returns against current returns
Autocorrelation, which is Comcast 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 Comcast's stock expected returns. We can calculate the autocorrelation of Comcast returns to help us make a trade decision. For example, suppose you find that Comcast 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 |
Comcast 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 Comcast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comcast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comcast stock over time.
Current vs Lagged Prices |
| Timeline |
Comcast Lagged Returns
When evaluating Comcast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comcast stock have on its future price. Comcast 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, Comcast autocorrelation shows the relationship between Comcast stock current value and its past values and can show if there is a momentum factor associated with investing in Comcast.
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.Other Information on Investing in Comcast Stock
Comcast financial ratios help investors to determine whether Comcast Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Comcast with respect to the benefits of owning Comcast security.