Comfort Systems Usa Stock Market Value
| FIX Stock | USD 489.97 13.72 2.88% |
| Symbol | Comfort |
Comfort Systems USA Price To Book Ratio
Is Construction & Engineering 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 Comfort Systems. If investors know Comfort 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 Comfort Systems 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 0.396 | Dividend Share 1.1 | Earnings Share 13.05 | Revenue Per Share 182.422 | Quarterly Revenue Growth 0.315 |
The market value of Comfort Systems USA is measured differently than its book value, which is the value of Comfort that is recorded on the company's balance sheet. Investors also form their own opinion of Comfort Systems' value that differs from its market value or its book value, called intrinsic value, which is Comfort Systems' 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 Comfort Systems' market value can be influenced by many factors that don't directly affect Comfort Systems' 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 Comfort Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comfort Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comfort Systems' 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.
Comfort Systems '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 Comfort Systems' 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 Comfort Systems.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Comfort Systems on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Comfort Systems USA or generate 0.0% return on investment in Comfort Systems over 720 days. Comfort Systems is related to or competes with MYR, Granite Construction, Dycom Industries, MasTec, EMCOR, Primoris Services, and Construction Partners. Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacem... More
Comfort Systems 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 Comfort Systems' 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 Comfort Systems USA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.5 | |||
| Information Ratio | 0.1737 | |||
| Maximum Drawdown | 17.05 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 5.28 |
Comfort Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comfort Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comfort Systems' standard deviation. In reality, there are many statistical measures that can use Comfort Systems historical prices to predict the future Comfort Systems' volatility.| Risk Adjusted Performance | 0.1631 | |||
| Jensen Alpha | 0.4033 | |||
| Total Risk Alpha | 0.2597 | |||
| Sortino Ratio | 0.1434 | |||
| Treynor Ratio | 0.2725 |
Comfort Systems USA Backtested Returns
Comfort Systems appears to be very steady, given 3 months investment horizon. Comfort Systems USA secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Comfort Systems' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Comfort Systems' Risk Adjusted Performance of 0.1631, downside deviation of 3.5, and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comfort Systems holds a performance score of 16. The firm shows a Beta (market volatility) of 2.16, 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, Comfort Systems will likely underperform. Please check Comfort Systems' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Comfort Systems' price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Comfort Systems USA has very good predictability. Overlapping area represents the amount of predictability between Comfort Systems time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Comfort Systems USA price movement. The serial correlation of 0.8 indicates that around 80.0% of current Comfort Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 4521.64 |
Comfort Systems USA lagged returns against current returns
Autocorrelation, which is Comfort Systems 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 Comfort Systems' stock expected returns. We can calculate the autocorrelation of Comfort Systems returns to help us make a trade decision. For example, suppose you find that Comfort Systems 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 |
Comfort Systems 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 Comfort Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comfort Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comfort Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Comfort Systems Lagged Returns
When evaluating Comfort Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comfort Systems stock have on its future price. Comfort Systems 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, Comfort Systems autocorrelation shows the relationship between Comfort Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Comfort Systems USA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Comfort Stock Analysis
When running Comfort Systems' price analysis, check to measure Comfort Systems' 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 Comfort Systems is operating at the current time. Most of Comfort Systems' value examination focuses on studying past and present price action to predict the probability of Comfort Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comfort Systems' price. Additionally, you may evaluate how the addition of Comfort Systems to your portfolios can decrease your overall portfolio volatility.