Comstock Resources Stock Market Value
| CRK Stock | USD 15.16 0.07 0.46% |
| Symbol | Comstock |
Comstock Resources Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Comstock Resources. If investors know Comstock 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 Comstock Resources 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 (0.79) | Dividend Share 0.125 | Earnings Share (0.18) | Revenue Per Share 4.574 | Quarterly Revenue Growth (0.19) |
The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' 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 Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' 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 Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' 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.
Comstock Resources '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 Comstock Resources' 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 Comstock Resources.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Comstock Resources on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Comstock Resources or generate 0.0% return on investment in Comstock Resources over 30 days. Comstock Resources is related to or competes with Range Resources, Permian Resources, EQT, Vital Energy, Magnolia Oil, Obsidian Energy, and Antero Resources. Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and produ... More
Comstock Resources 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 Comstock Resources' 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 Comstock Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.134 | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 6.81 |
Comstock Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comstock Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comstock Resources' standard deviation. In reality, there are many statistical measures that can use Comstock Resources historical prices to predict the future Comstock Resources' volatility.| Risk Adjusted Performance | 0.1402 | |||
| Jensen Alpha | 0.3623 | |||
| Total Risk Alpha | 0.0416 | |||
| Sortino Ratio | 0.1472 | |||
| Treynor Ratio | 0.3281 |
Comstock Resources Backtested Returns
Comstock Resources appears to be not too volatile, given 3 months investment horizon. Comstock Resources secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Comstock Resources' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Comstock Resources' Mean Deviation of 2.49, downside deviation of 3.08, and Risk Adjusted Performance of 0.1402 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comstock Resources holds a performance score of 13. The firm shows a Beta (market volatility) of 1.75, 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, Comstock Resources will likely underperform. Please check Comstock Resources' total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Comstock Resources' price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Comstock Resources has very good predictability. Overlapping area represents the amount of predictability between Comstock Resources 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 Comstock Resources price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Comstock Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Comstock Resources lagged returns against current returns
Autocorrelation, which is Comstock Resources 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 Comstock Resources' stock expected returns. We can calculate the autocorrelation of Comstock Resources returns to help us make a trade decision. For example, suppose you find that Comstock Resources 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 |
Comstock Resources 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 Comstock Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comstock Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comstock Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Comstock Resources Lagged Returns
When evaluating Comstock Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comstock Resources stock have on its future price. Comstock Resources 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, Comstock Resources autocorrelation shows the relationship between Comstock Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Comstock Resources.
Regressed Prices |
| Timeline |
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Comstock Resources 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.