COMERICA INC 4 Market Value
| 200340AT4 | 98.39 3.14 3.30% |
| Symbol | COMERICA |
COMERICA '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 COMERICA's bond 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 COMERICA.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in COMERICA on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding COMERICA INC 4 or generate 0.0% return on investment in COMERICA over 30 days. COMERICA is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
COMERICA 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 COMERICA's bond 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 COMERICA INC 4 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.9 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 3.36 |
COMERICA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COMERICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COMERICA's standard deviation. In reality, there are many statistical measures that can use COMERICA historical prices to predict the future COMERICA's volatility.| Risk Adjusted Performance | 0.0283 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2062 |
COMERICA INC 4 Backtested Returns
COMERICA INC 4 secures Sharpe Ratio (or Efficiency) of -0.0688, which signifies that the bond had a -0.0688% return per unit of risk over the last 3 months. COMERICA INC 4 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COMERICA's mean deviation of 0.9977, and Risk Adjusted Performance of 0.0283 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COMERICA's returns are expected to increase less than the market. However, during the bear market, the loss of holding COMERICA is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
COMERICA INC 4 has poor predictability. Overlapping area represents the amount of predictability between COMERICA 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 COMERICA INC 4 price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current COMERICA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
COMERICA INC 4 lagged returns against current returns
Autocorrelation, which is COMERICA bond'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 COMERICA's bond expected returns. We can calculate the autocorrelation of COMERICA returns to help us make a trade decision. For example, suppose you find that COMERICA has exhibited high autocorrelation historically, and you observe that the bond 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 |
COMERICA 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 COMERICA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COMERICA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COMERICA bond over time.
Current vs Lagged Prices |
| Timeline |
COMERICA Lagged Returns
When evaluating COMERICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COMERICA bond have on its future price. COMERICA 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, COMERICA autocorrelation shows the relationship between COMERICA bond current value and its past values and can show if there is a momentum factor associated with investing in COMERICA INC 4.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in COMERICA Bond
COMERICA financial ratios help investors to determine whether COMERICA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in COMERICA with respect to the benefits of owning COMERICA security.