0I1P Stock | | | 66.39 0.51 0.76% |
Comerica financial indicator trend analysis is way more than just evaluating Comerica prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comerica is a good investment. Please check the relationship between Comerica Good Will and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Comerica Stock please use our
How to Invest in Comerica guide.
Good Will vs Net Debt
Good Will vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Comerica Good Will account and
Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Comerica's Good Will and Net Debt is -0.05. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt in the same time period over historical financial statements of Comerica, assuming nothing else is changed. The correlation between historical values of Comerica's Good Will and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Comerica are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., Comerica's Good Will and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Comerica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comerica current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Comerica Stock please use our
How to Invest in Comerica guide.
Selling General Administrative is likely to drop to about 921
M in 2024.
Tax Provision is likely to drop to about 235.5
M in 2024
Comerica fundamental ratios Correlations
Click cells to compare fundamentals
Comerica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Comerica fundamental ratios Accounts
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Additional Tools for Comerica Stock Analysis
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.