Comerica Stock Price on August 16, 2024
If you're considering investing in Comerica Stock, it is important to understand the factors that can impact its price. At this point, Comerica is very steady. Comerica secures Sharpe Ratio (or Efficiency) of 0.0293, which signifies that the company had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Comerica, which you can use to evaluate the volatility of the firm. Please confirm Comerica's Mean Deviation of 1.46, risk adjusted performance of 0.0297, and Downside Deviation of 1.86 to double-check if the risk estimate we provide is consistent with the expected return of 0.0655%.
Comerica Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Comerica |
Sharpe Ratio = 0.0293
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Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Comerica is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Comerica by adding it to a well-diversified portfolio.
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.
Price Boundaries
Comerica Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
Comerica cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Comerica December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Comerica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Comerica shares will generate the highest return on investment. By undertsting and applying Comerica stock market strength indicators, traders can identify Comerica entry and exit signals to maximize returns
Comerica Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Comerica's price direction in advance. Along with the technical and fundamental analysis of Comerica Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Comerica to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.0066 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0179 | |||
| Treynor Ratio | 0.0252 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Tools for Comerica Stock
When running Comerica's 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 the 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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