Comtech Telecommunications Corp Stock Market Value
| CMTL Stock | USD 3.29 0.13 4.11% |
| Symbol | Comtech |
Is Communications Equipment space 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 Comtech Telecommunicatio. If investors know Comtech 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 Comtech Telecommunicatio 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 5.87 | Earnings Share (4.70) | Revenue Per Share 18.765 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0008 |
The market value of Comtech Telecommunicatio is measured differently than its book value, which is the value of Comtech that is recorded on the company's balance sheet. Investors also form their own opinion of Comtech Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Comtech Telecommunicatio'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 Comtech Telecommunicatio's market value can be influenced by many factors that don't directly affect Comtech Telecommunicatio'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 Comtech Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comtech Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comtech Telecommunicatio'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.
Comtech Telecommunicatio '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 Comtech Telecommunicatio'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 Comtech Telecommunicatio.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Comtech Telecommunicatio on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Comtech Telecommunications Corp or generate 0.0% return on investment in Comtech Telecommunicatio over 30 days. Comtech Telecommunicatio is related to or competes with Ichor Holdings, Fabrinet, Hello, and Ultra Clean. Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, sys... More
Comtech Telecommunicatio 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 Comtech Telecommunicatio'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 Comtech Telecommunications Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.01 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 40.77 | |||
| Value At Risk | (7.40) | |||
| Potential Upside | 12.63 |
Comtech Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comtech Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comtech Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Comtech Telecommunicatio historical prices to predict the future Comtech Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0363 | |||
| Jensen Alpha | 0.0326 | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0156 | |||
| Treynor Ratio | 0.1407 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comtech Telecommunicatio'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.
Comtech Telecommunicatio Backtested Returns
Comtech Telecommunicatio appears to be unstable, given 3 months investment horizon. Comtech Telecommunicatio secures Sharpe Ratio (or Efficiency) of 0.0456, which signifies that the company had a 0.0456% return per unit of risk over the last 3 months. We have found thirty technical indicators for Comtech Telecommunications Corp, which you can use to evaluate the volatility of the firm. Please makes use of Comtech Telecommunicatio's Downside Deviation of 7.01, mean deviation of 4.44, and Risk Adjusted Performance of 0.0363 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comtech Telecommunicatio holds a performance score of 3. The firm shows a Beta (market volatility) of 1.64, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Comtech Telecommunicatio will likely underperform. Please check Comtech Telecommunicatio's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Comtech Telecommunicatio's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Comtech Telecommunications Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Comtech Telecommunicatio time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Comtech Telecommunicatio price movement. The serial correlation of -0.69 indicates that around 69.0% of current Comtech Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Comtech Telecommunicatio lagged returns against current returns
Autocorrelation, which is Comtech Telecommunicatio 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 Comtech Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Comtech Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Comtech Telecommunicatio 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 |
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Comtech Telecommunicatio 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 Comtech Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comtech Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comtech Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Comtech Telecommunicatio Lagged Returns
When evaluating Comtech Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comtech Telecommunicatio stock have on its future price. Comtech Telecommunicatio 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, Comtech Telecommunicatio autocorrelation shows the relationship between Comtech Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Comtech Telecommunications Corp.
Regressed Prices |
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Comtech Telecommunicatio 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.