Comerica Stock Market Value

CMA
 Stock
  

USD 65.41  0.24  0.37%   

Comerica's market value is the price at which a share of Comerica stock trades on a public exchange. It measures the collective expectations of Comerica investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Comerica and determine expected loss or profit from investing in Comerica over a given investment horizon. Continue to Comerica Correlation, Comerica Volatility and Comerica Alpha and Beta module to complement your research on Comerica.
Symbol


Is Comerica's industry 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 YOY
0.368
Market Capitalization
8.7 B
Quarterly Revenue Growth YOY
0.201
Return On Assets
0.0115
Return On Equity
0.1599
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 Comerica value 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.
0.00
10/08/2022
No Change 0.00  0.0 
In 2 months and 2 days
12/07/2022
0.00
If you would invest  0.00  in Comerica on October 8, 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 60 days. Comerica is related to or competes with Regions Financial, Home Depot, Coca Cola, Johnson Johnson, ATT, 3M, and International Business. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Comerica's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Comerica in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
64.3666.8569.34
Details
Intrinsic
Valuation
LowReal ValueHigh
58.8770.6673.15
Details
Naive
Forecast
LowNext ValueHigh
59.9862.4764.96
Details
17 Analysts
Consensus
LowTarget PriceHigh
73.0093.58110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Comerica. Your research has to be compared to or analyzed against Comerica's peers to derive any actionable benefits. When done correctly, Comerica's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Comerica.

Comerica Backtested Returns

Comerica secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had -0.14% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Comerica exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Comerica risk adjusted performance of (0.15), and Mean Deviation of 1.91 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3374, which signifies a somewhat significant risk relative to the market. Let's try to break down what Comerica's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Comerica will likely underperform. Even though it is essential to pay attention to Comerica historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Comerica exposes twenty-one different technical indicators, which can help you to evaluate its performance. Comerica has an expected return of -0.36%. Please be advised to confirm Comerica standard deviation, treynor ratio, downside variance, as well as the relationship between the information ratio and value at risk to decide if Comerica performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.42  

Average predictability

Comerica has average predictability. Overlapping area represents the amount of predictability between Comerica time series from 8th of October 2022 to 7th of November 2022 and 7th of November 2022 to 7th of December 2022. 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 0.42 indicates that just about 42.0% of current Comerica price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.18
Residual Average0.0
Price Variance4.01

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Comerica without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Comerica

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 Comerica 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 Comerica will appreciate offsetting losses from the drop in the long position's value.

Moving together with Comerica

+0.9FRCFirst Republic Bank Fiscal Year End 13th of January 2023 PairCorr
The ability to find closely correlated positions to Comerica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comerica 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 Comerica - 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 Comerica to buy it.
The correlation of Comerica is a statistical measure of how it moves in relation to other equities. 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 Comerica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comerica 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 Comerica 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.
Pair CorrelationCorrelation Matching
Continue to Comerica Correlation, Comerica Volatility and Comerica Alpha and Beta module to complement your research on Comerica. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Comerica price analysis, check to measure Comerica'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 Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Comerica technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Comerica trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...