Comcast Corp Stock Market Value

CMCSA Stock  USD 43.35  0.28  0.65%   
Comcast Corp's market value is the price at which a share of Comcast Corp trades on a public exchange. It measures the collective expectations of Comcast Corp investors about its performance. Comcast Corp is trading at 43.35 as of the 29th of March 2024, a 0.65% increase since the beginning of the trading day. The stock's open price was 43.07.
With this module, you can estimate the performance of a buy and hold strategy of Comcast Corp and determine expected loss or profit from investing in Comcast Corp over a given investment horizon. Check out Comcast Corp Correlation, Comcast Corp Volatility and Comcast Corp Alpha and Beta module to complement your research on Comcast Corp.
For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.
Symbol

Comcast Corp Price To Book Ratio

Is Comcast Corp's industry 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 Comcast Corp. If investors know Comcast 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 Comcast Corp 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
0.144
Dividend Share
1.16
Earnings Share
3.71
Revenue Per Share
29.493
Quarterly Revenue Growth
0.023
The market value of Comcast Corp is measured differently than its book value, which is the value of Comcast that is recorded on the company's balance sheet. Investors also form their own opinion of Comcast Corp's value that differs from its market value or its book value, called intrinsic value, which is Comcast 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 Comcast Corp's market value can be influenced by many factors that don't directly affect Comcast 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 Comcast Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comcast Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comcast 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.

Comcast 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 Comcast 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 Comcast Corp.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Comcast Corp on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Comcast Corp or generate 0.0% return on investment in Comcast Corp over 720 days. Comcast Corp is related to or competes with Shoe Carnival, Skechers USA, Tandy Leather, JJill, Boot Barn, Merit Medical, and Silo Pharma. Comcast Corporation operates as a media and technology company worldwide More

Comcast 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 Comcast 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 Comcast Corp upside and downside potential and time the market with a certain degree of confidence.

Comcast Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Comcast Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comcast Corp's standard deviation. In reality, there are many statistical measures that can use Comcast Corp historical prices to predict the future Comcast 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 Comcast 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.
Hype
Prediction
LowEstimatedHigh
42.0043.3544.70
Details
Intrinsic
Valuation
LowRealHigh
39.0246.4747.82
Details
Naive
Forecast
LowNextHigh
39.8241.1742.51
Details
31 Analysts
Consensus
LowTargetHigh
44.8449.2754.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Comcast Corp. Your research has to be compared to or analyzed against Comcast Corp's peers to derive any actionable benefits. When done correctly, Comcast Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Comcast Corp.

Comcast Corp Backtested Returns

Comcast Corp secures Sharpe Ratio (or Efficiency) of -0.0022, which signifies that the company had a -0.0022% return per unit of risk over the last 3 months. Comcast Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Comcast Corp's Standard Deviation of 1.31, risk adjusted performance of 0.004, and Mean Deviation of 0.9419 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Comcast Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Comcast Corp is expected to be smaller as well. Comcast Corp has an expected return of -0.0029%. Please make sure to confirm Comcast Corp total risk alpha, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Comcast Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.53  

Good reverse predictability

Comcast Corp has good reverse predictability. Overlapping area represents the amount of predictability between Comcast Corp time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Comcast Corp price movement. The serial correlation of -0.53 indicates that about 53.0% of current Comcast Corp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test0.0
Residual Average0.0
Price Variance5.57

Comcast Corp lagged returns against current returns

Autocorrelation, which is Comcast 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 Comcast Corp's stock expected returns. We can calculate the autocorrelation of Comcast Corp returns to help us make a trade decision. For example, suppose you find that Comcast 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  

Comcast 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 Comcast Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comcast Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comcast Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

Comcast Corp Lagged Returns

When evaluating Comcast Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comcast Corp stock have on its future price. Comcast 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, Comcast Corp autocorrelation shows the relationship between Comcast Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Comcast Corp.
   Regressed Prices   
       Timeline  

Comcast Corp Investors Sentiment

The influence of Comcast Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comcast. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Comcast Corp's public news can be used to forecast risks associated with an investment in Comcast. The trend in average sentiment can be used to explain how an investor holding Comcast can time the market purely based on public headlines and social activities around Comcast Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Comcast Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comcast Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comcast Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comcast Corp.

Comcast Corp Implied Volatility

    
  23.02  
Comcast Corp's implied volatility exposes the market's sentiment of Comcast Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Comcast Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Comcast Corp stock will not fluctuate a lot when Comcast Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comcast Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comcast Corp's short interest history, or implied volatility extrapolated from Comcast Corp options trading.

Pair Trading with Comcast Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comcast Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comcast Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Comcast Stock

  0.58WIMI WiMi Hologram Cloud Report 11th of April 2024 PairCorr
  0.47DIS Walt Disney Aggressive PushPairCorr
The ability to find closely correlated positions to Comcast Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comcast Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comcast Corp to buy it.
The correlation of Comcast Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comcast Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comcast Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comcast Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Comcast Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Comcast Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Comcast Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Comcast Corp Stock:
Check out Comcast Corp Correlation, Comcast Corp Volatility and Comcast Corp Alpha and Beta module to complement your research on Comcast Corp.
For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Comcast Stock analysis

When running Comcast Corp's price analysis, check to measure Comcast Corp's 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 Comcast Corp is operating at the current time. Most of Comcast Corp's value examination focuses on studying past and present price action to predict the probability of Comcast Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comcast Corp's price. Additionally, you may evaluate how the addition of Comcast Corp to your portfolios can decrease your overall portfolio volatility.
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Comcast 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.
A focus of Comcast Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Comcast Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...