Comerton Corp Stock Market Value
| COCM Stock | USD 0.0001 0.00 0.00% |
| Symbol | Comerton |
Is Industrial Machinery & Supplies & Components 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 Comerton Corp. If investors know Comerton 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 Comerton Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Comerton Corp is measured differently than its book value, which is the value of Comerton that is recorded on the company's balance sheet. Investors also form their own opinion of Comerton Corp's value that differs from its market value or its book value, called intrinsic value, which is Comerton Corp'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 Comerton Corp's market value can be influenced by many factors that don't directly affect Comerton Corp'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 Comerton Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerton Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerton Corp'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.
Comerton Corp '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 Comerton Corp'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 Comerton Corp.
| 07/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Comerton Corp on July 1, 2023 and sell it all today you would earn a total of 0.00 from holding Comerton Corp or generate 0.0% return on investment in Comerton Corp over 570 days. Comerton Corp is related to or competes with Where Food, Wheels Up, AMCON Distributing, Westinghouse Air, Grupo Aeroportuario, Marfrig Global, and Wizz Air. Comerton Corp. provides information technology consulting and outsourcing services to Canadian government and private se... More
Comerton Corp 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 Comerton Corp'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 Comerton Corp upside and downside potential and time the market with a certain degree of confidence.
Comerton Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comerton Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comerton Corp's standard deviation. In reality, there are many statistical measures that can use Comerton Corp historical prices to predict the future Comerton Corp's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comerton Corp'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.
Comerton Corp Backtested Returns
We have found three technical indicators for Comerton Corp, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Comerton Corp are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Comerton Corp has perfect predictability. Overlapping area represents the amount of predictability between Comerton Corp time series from 1st of July 2023 to 11th of April 2024 and 11th of April 2024 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Comerton Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Comerton Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Comerton Corp lagged returns against current returns
Autocorrelation, which is Comerton Corp 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 Comerton Corp's stock expected returns. We can calculate the autocorrelation of Comerton Corp returns to help us make a trade decision. For example, suppose you find that Comerton Corp 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 |
Comerton Corp 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 Comerton Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comerton Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comerton Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Comerton Corp Lagged Returns
When evaluating Comerton Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comerton Corp stock have on its future price. Comerton Corp 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, Comerton Corp autocorrelation shows the relationship between Comerton Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Comerton Corp.
Regressed Prices |
| Timeline |
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Comerton Corp 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.