Comcast Corp Stock Beta

CMCSA Stock

USD 38.99 0.13 0.33%

Comcast Corp fundamentals help investors to digest information that contributes to Comcast Corp's financial success or failures. It also enables traders to predict the movement of Comcast Stock. The fundamental analysis module provides a way to measure Comcast Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Comcast Corp stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Comcast Corp Company Beta Analysis

Comcast Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Comcast Corp Beta

0.97

Most of Comcast Corp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Comcast Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Comcast Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Comcast Corp is extremely important. It helps to project a fair market value of Comcast Stock properly, considering its historical fundamentals such as Beta. Since Comcast Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Comcast Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Comcast Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Short Term Investments	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Good Will	Treasury Stock	Total Permanent Equity	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.95	0.93	0.96	1.0	0.95	0.26	0.96	0.85	0.76	0.26	0.87	0.88	-0.26	0.83	0.34	0.6	0.43	-0.71	0.86	-0.39	0.51	-0.5	0.82	-0.27	-0.41
Total Stockholder Equity	0.98		0.91	0.96	0.94	0.96	0.94	0.27	0.96	0.84	0.75	0.28	0.85	0.88	-0.23	0.82	0.31	0.61	0.42	-0.65	0.83	-0.36	0.5	-0.52	0.8	-0.23	-0.37
Net Debt	0.95	0.91		0.92	0.95	0.95	0.88	0.3	0.9	0.76	0.61	0.28	0.92	0.85	-0.08	0.88	0.33	0.73	0.29	-0.85	0.94	-0.46	0.55	-0.44	0.87	-0.27	-0.39
Retained Earnings	0.93	0.96	0.92		0.95	0.91	0.9	0.13	0.95	0.69	0.53	0.48	0.86	0.86	0.05	0.87	0.38	0.78	0.37	-0.67	0.91	-0.41	0.64	-0.61	0.9	-0.28	-0.44
Net Receivables	0.96	0.94	0.95	0.95		0.95	0.91	0.2	0.97	0.71	0.63	0.39	0.83	0.86	-0.11	0.78	0.5	0.73	0.42	-0.67	0.88	-0.57	0.56	-0.58	0.85	-0.45	-0.57
Total Liab	1.0	0.96	0.95	0.91	0.95		0.94	0.26	0.95	0.85	0.77	0.23	0.86	0.86	-0.28	0.81	0.36	0.58	0.42	-0.73	0.86	-0.41	0.5	-0.49	0.81	-0.3	-0.42
Total Current Assets	0.95	0.94	0.88	0.9	0.91	0.94		0.27	0.92	0.8	0.68	0.31	0.83	0.82	-0.18	0.81	0.33	0.61	0.5	-0.67	0.83	-0.36	0.52	-0.45	0.81	-0.24	-0.38
Short Term Debt	0.26	0.27	0.3	0.13	0.2	0.26	0.27		0.07	0.5	0.55	-0.61	0.29	0.24	-0.54	0.18	-0.25	0.06	0.17	-0.45	0.15	-0.09	-0.31	0.57	-0.11	0.26	0.3
Accounts Payable	0.96	0.96	0.9	0.95	0.97	0.95	0.92	0.07		0.72	0.63	0.45	0.81	0.87	-0.1	0.79	0.46	0.67	0.49	-0.59	0.85	-0.44	0.59	-0.67	0.86	-0.39	-0.54
Intangible Assets	0.85	0.84	0.76	0.69	0.71	0.85	0.8	0.5	0.72		0.9	-0.1	0.82	0.86	-0.51	0.74	0.05	0.26	0.41	-0.66	0.69	0.01	0.24	-0.27	0.49	0.08	0.06
Common Stock	0.76	0.75	0.61	0.53	0.63	0.77	0.68	0.55	0.63	0.9		-0.3	0.55	0.66	-0.8	0.43	0.1	0.05	0.37	-0.43	0.42	-0.16	0.0	-0.13	0.27	-0.07	-0.1
Short Term Investments	0.26	0.28	0.28	0.48	0.39	0.23	0.31	-0.61	0.45	-0.1	-0.3		0.28	0.29	0.65	0.38	0.39	0.56	0.16	-0.09	0.44	-0.22	0.56	-0.75	0.62	-0.31	-0.48
Long Term Debt	0.87	0.85	0.92	0.86	0.83	0.86	0.83	0.29	0.81	0.82	0.55	0.28		0.92	0.02	0.97	0.2	0.67	0.31	-0.85	0.97	-0.13	0.6	-0.44	0.81	-0.04	-0.09
Property Plant Equipment	0.88	0.88	0.85	0.86	0.86	0.86	0.82	0.24	0.87	0.86	0.66	0.29	0.92		-0.11	0.87	0.37	0.59	0.47	-0.63	0.88	-0.16	0.55	-0.57	0.7	-0.19	-0.19
Current Deferred Revenue	-0.26	-0.23	-0.08	0.05	-0.11	-0.28	-0.18	-0.54	-0.1	-0.51	-0.8	0.65	0.02	-0.11		0.17	0.16	0.45	-0.15	0.02	0.18	0.01	0.47	-0.27	0.29	-0.07	-0.07
Good Will	0.83	0.82	0.88	0.87	0.78	0.81	0.81	0.18	0.79	0.74	0.43	0.38	0.97	0.87	0.17		0.15	0.7	0.32	-0.83	0.95	-0.07	0.65	-0.48	0.86	0.02	-0.05
Treasury Stock	0.34	0.31	0.33	0.38	0.5	0.36	0.33	-0.25	0.46	0.05	0.1	0.39	0.2	0.37	0.16	0.15		0.41	0.23	0.02	0.37	-0.71	0.45	-0.48	0.38	-0.94	-0.77
Total Permanent Equity	0.6	0.61	0.73	0.78	0.73	0.58	0.61	0.06	0.67	0.26	0.05	0.56	0.67	0.59	0.45	0.7	0.41		0.11	-0.54	0.79	-0.5	0.8	-0.35	0.77	-0.35	-0.46
Deferred Long Term Liab	0.43	0.42	0.29	0.37	0.42	0.42	0.5	0.17	0.49	0.41	0.37	0.16	0.31	0.47	-0.15	0.32	0.23	0.11		-0.19	0.29	-0.06	0.01	-0.38	0.27	-0.14	-0.17
Net Tangible Assets	-0.71	-0.65	-0.85	-0.67	-0.67	-0.73	-0.67	-0.45	-0.59	-0.66	-0.43	-0.09	-0.85	-0.63	0.02	-0.83	0.02	-0.54	-0.19		-0.82	0.2	-0.31	0.16	-0.71	-0.07	0.02
Long Term Debt Total	0.86	0.83	0.94	0.91	0.88	0.86	0.83	0.15	0.85	0.69	0.42	0.44	0.97	0.88	0.18	0.95	0.37	0.79	0.29	-0.82		-0.32	0.71	-0.53	0.9	-0.23	-0.29
Capital Surpluse	-0.39	-0.36	-0.46	-0.41	-0.57	-0.41	-0.36	-0.09	-0.44	0.01	-0.16	-0.22	-0.13	-0.16	0.01	-0.07	-0.71	-0.5	-0.06	0.2	-0.32		-0.22	0.17	-0.41	0.83	0.88
Long Term Investments	0.51	0.5	0.55	0.64	0.56	0.5	0.52	-0.31	0.59	0.24	0.0	0.56	0.6	0.55	0.47	0.65	0.45	0.8	0.01	-0.31	0.71	-0.22		-0.48	0.71	-0.33	-0.35
Short Long Term Debt	-0.5	-0.52	-0.44	-0.61	-0.58	-0.49	-0.45	0.57	-0.67	-0.27	-0.13	-0.75	-0.44	-0.57	-0.27	-0.48	-0.48	-0.35	-0.38	0.16	-0.53	0.17	-0.48		-0.63	0.4	0.49
Net Invested Capital	0.82	0.8	0.87	0.9	0.85	0.81	0.81	-0.11	0.86	0.49	0.27	0.62	0.81	0.7	0.29	0.86	0.38	0.77	0.27	-0.71	0.9	-0.41	0.71	-0.63		-0.3	-0.48
Net Working Capital	-0.27	-0.23	-0.27	-0.28	-0.45	-0.3	-0.24	0.26	-0.39	0.08	-0.07	-0.31	-0.04	-0.19	-0.07	0.02	-0.94	-0.35	-0.14	-0.07	-0.23	0.83	-0.33	0.4	-0.3		0.89
Capital Stock	-0.41	-0.37	-0.39	-0.44	-0.57	-0.42	-0.38	0.3	-0.54	0.06	-0.1	-0.48	-0.09	-0.19	-0.07	-0.05	-0.77	-0.46	-0.17	0.02	-0.29	0.88	-0.35	0.49	-0.48	0.89

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Comcast Corp

In accordance with the recently published financial statements, Comcast Corp has a Beta of 0.967. This is 24.45% lower than that of the Media sector and 34.31% higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.

Comcast Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Comcast Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Comcast Corp could also be used in its relative valuation, which is a method of valuing Comcast Corp by comparing valuation metrics of similar companies.

Comcast Corp is currently under evaluation in beta category among related companies.

Comcast Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Comcast Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Comcast Corp's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Comcast Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Comcast Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Comcast Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Comcast Corp's value.

		Shares
Capital Research Global Investors	2023-12-31	61.5 M
Norges Bank	2023-12-31	58 M
Morgan Stanley - Brokerage Accounts	2023-12-31	54.3 M
Ameriprise Financial Inc	2023-12-31	53.6 M
Goldman Sachs Group Inc	2023-12-31	49 M
Northern Trust Corp	2023-12-31	43.5 M
Wells Fargo & Co	2023-12-31	42 M
Amvescap Plc.	2023-12-31	39.1 M
Dimensional Fund Advisors, Inc.	2023-12-31	37.7 M
Vanguard Group Inc	2023-12-31	378 M
Blackrock Inc	2023-12-31	298.2 M

Comcast Corp returns are very sensitive to returns on the market. As the market goes up or down, Comcast Corp is expected to follow.

Comcast Fundamentals

	Return On Equity	0.18
	Return On Asset	0.0558
	Profit Margin	0.13 %
	Operating Margin	0.14 %
	Current Valuation	253.6 B
	Shares Outstanding	3.96 B
	Shares Owned By Insiders	0.76 %
	Shares Owned By Institutions	88.26 %
	Number Of Shares Shorted	46.79 M
	Price To Earning	30.07 X
	Price To Book	1.89 X
	Price To Sales	1.29 X
	Revenue	121.57 B
	Gross Profit	83.21 B
	EBITDA	39.03 B
	Net Income	15.11 B
	Cash And Equivalents	5.7 B
	Cash Per Share	1.32 X
	Total Debt	97.09 B
	Debt To Equity	1.20 %
	Current Ratio	0.84 X
	Book Value Per Share	20.79 X
	Cash Flow From Operations	28.5 B
	Short Ratio	2.22 X
	Earnings Per Share	3.71 X
	Price To Earnings To Growth	0.64 X
	Target Price	50.14
	Number Of Employees	186 K
	Beta	0.97
	Market Capitalization	155.38 B
	Total Asset	264.81 B
	Retained Earnings	52.89 B
	Working Capital	(16.21 B)
	Current Asset	12.3 B
	Current Liabilities	18.18 B
	Annual Yield	0.03 %
	Five Year Return	2.01 %
	Net Asset	264.81 B
	Last Dividend Paid	1.16

About Comcast Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Comcast Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Comcast Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Comcast Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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 together with Comcast Stock

0.71

IPG

Interpublic Group Earnings Call This Week

Pair Corr

Moving against Comcast Stock

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0.5	CTV	Innovid Corp Financial Report 14th of May 2024	Pair Corr
0.5	TSQ	Townsquare Media Financial Report 8th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Comcast

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Is Comcast Stock a good investment?

Details

What is Comcast Corp's Net Worth?

Details

Largest Media & Entertainment Companies

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Largest Communication Services Companies

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Check out Comcast Corp Piotroski F Score and Comcast Corp Altman Z Score analysis.

For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.

You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Comcast Corp Stock Beta

Comcast Corp Company Beta Analysis

Beta

Covariance

Variance

Current Comcast Corp Beta

Comcast Beta Driver Correlations

Comcast Beta Peer Comparison

Comcast Corp ESG Sustainability

Comcast Corp Institutional Holders

Comcast Fundamentals

About Comcast Corp Fundamental Analysis

Pair Trading with Comcast Corp

Moving together with Comcast Stock

Moving against Comcast Stock

Complementary Tools for Comcast Stock analysis

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