Comtech Telecommunications Corp Stock Market Value
| CMTL Stock | USD 1.76 0.09 4.86% |
| Symbol | Comtech |
Comtech Telecommunicatio Price To Book Ratio
Is Comtech Telecommunicatio'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 Comtech Telecommunicatio. If investors know Comtech 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 Comtech Telecommunicatio 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 5.87 | Earnings Share (1.70) | Revenue Per Share 20.109 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0083 |
The market value of Comtech Telecommunicatio is measured differently than its book value, which is the value of Comtech that is recorded on the company's balance sheet. Investors also form their own opinion of Comtech Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Comtech Telecommunicatio'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 Comtech Telecommunicatio's market value can be influenced by many factors that don't directly affect Comtech Telecommunicatio'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 Comtech Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comtech Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comtech Telecommunicatio'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.
Comtech Telecommunicatio '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 Comtech Telecommunicatio'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 Comtech Telecommunicatio.
| 01/29/2023 |
| 04/23/2024 |
If you would invest 0.00 in Comtech Telecommunicatio on January 29, 2023 and sell it all today you would earn a total of 0.00 from holding Comtech Telecommunications Corp or generate 0.0% return on investment in Comtech Telecommunicatio over 450 days. Comtech Telecommunicatio is related to or competes with Desktop Metal, Fabrinet, Kimball Electronics, Knowles Cor, Deswell Industries, AmpliTech, and Via OptronicsAg. Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, sys... More
Comtech Telecommunicatio 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 Comtech Telecommunicatio'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 Comtech Telecommunications Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 42.56 | |||
| Value At Risk | (12.41) | |||
| Potential Upside | 8.59 |
Comtech Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comtech Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comtech Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Comtech Telecommunicatio historical prices to predict the future Comtech Telecommunicatio's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.99) | |||
| Total Risk Alpha | (2.62) | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comtech Telecommunicatio'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.
Comtech Telecommunicatio Backtested Returns
Comtech Telecommunicatio secures Sharpe Ratio (or Efficiency) of -0.32, which signifies that the company had a -0.32% return per unit of risk over the last 3 months. Comtech Telecommunications Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Comtech Telecommunicatio's Standard Deviation of 6.54, mean deviation of 4.13, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.39, 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, Comtech Telecommunicatio will likely underperform. Comtech Telecommunicatio has an expected return of -2.01%. Please make sure to confirm Comtech Telecommunicatio maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Comtech Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Comtech Telecommunications Corp has average predictability. Overlapping area represents the amount of predictability between Comtech Telecommunicatio time series from 29th of January 2023 to 11th of September 2023 and 11th of September 2023 to 23rd of April 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 Comtech Telecommunicatio price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Comtech Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 9.0 |
Comtech Telecommunicatio lagged returns against current returns
Autocorrelation, which is Comtech Telecommunicatio 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 Comtech Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Comtech Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Comtech Telecommunicatio 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 |
Comtech Telecommunicatio 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 Comtech Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comtech Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comtech Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Comtech Telecommunicatio Lagged Returns
When evaluating Comtech Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comtech Telecommunicatio stock have on its future price. Comtech Telecommunicatio 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, Comtech Telecommunicatio autocorrelation shows the relationship between Comtech Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Comtech Telecommunications Corp.
Regressed Prices |
| Timeline |
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 Comtech Telecommunicatio 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, Comtech Telecommunicatio's short interest history, or implied volatility extrapolated from Comtech Telecommunicatio options trading.
Pair Trading with Comtech Telecommunicatio
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 Comtech Telecommunicatio 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 Comtech Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving together with Comtech Stock
| 0.78 | INTC | Intel Earnings Call This Week | PairCorr |
Moving against Comtech Stock
| 0.94 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.91 | GE | GE Aerospace Earnings Call Today | PairCorr |
| 0.88 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.85 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.78 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Comtech Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comtech Telecommunicatio 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 Comtech Telecommunicatio - 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 Comtech Telecommunications Corp to buy it.
The correlation of Comtech Telecommunicatio 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 Comtech Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comtech Telecommunicatio 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 Comtech Telecommunicatio 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.Check out Comtech Telecommunicatio Correlation, Comtech Telecommunicatio Volatility and Comtech Telecommunicatio Alpha and Beta module to complement your research on Comtech Telecommunicatio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Comtech Stock analysis
When running Comtech Telecommunicatio's price analysis, check to measure Comtech Telecommunicatio'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 Comtech Telecommunicatio is operating at the current time. Most of Comtech Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Comtech Telecommunicatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comtech Telecommunicatio's price. Additionally, you may evaluate how the addition of Comtech Telecommunicatio to your portfolios can decrease your overall portfolio volatility.
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Comtech Telecommunicatio 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.