Comcast (Mexico) Market Value
| CMCSA Stock | MXN 799.50 0.50 0.06% |
| 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.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Comcast on November 14, 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 Disney, Netflix, and Megacable Holdings. 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 | 2.53 | |||
| Information Ratio | 0.0117 | |||
| Maximum Drawdown | 11.01 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.7 |
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 | 0.0455 | |||
| Jensen Alpha | 0.0797 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0112 | |||
| Treynor Ratio | 0.2762 |
Comcast Backtested Returns
As of now, Comcast Stock is very steady. Comcast secures Sharpe Ratio (or Efficiency) of 0.0615, which signifies that the company had a 0.0615% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Comcast, which you can use to evaluate the volatility of the firm. Please confirm Comcast's Risk Adjusted Performance of 0.0455, mean deviation of 1.86, and Downside Deviation of 2.53 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Comcast has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Comcast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Comcast is expected to be smaller as well. Comcast right now shows a risk of 2.82%. Please confirm Comcast jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Comcast will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
Comcast has modest reverse predictability. Overlapping area represents the amount of predictability between Comcast time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 -0.47 indicates that about 47.0% of current Comcast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1270.08 |
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.