Comfort Systems Usa Stock Market Value
| FIX Stock | USD 308.69 0.22 0.07% |
| Symbol | Comfort |
Comfort Systems USA Price To Book Ratio
Is Comfort Systems' 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 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 0.657 | Dividend Share 0.85 | Earnings Share 9.01 | Revenue Per Share 145.432 | Quarterly Revenue Growth 0.215 |
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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Comfort Systems on March 26, 2024 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 30 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 | 1.95 | |||
| Information Ratio | 0.2164 | |||
| Maximum Drawdown | 17.56 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 4.15 |
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 | 0.1654 | |||
| Jensen Alpha | 0.4759 | |||
| Total Risk Alpha | 0.2917 | |||
| Sortino Ratio | 0.2878 | |||
| Treynor Ratio | 0.323 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comfort Systems' 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.
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 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. By analyzing Comfort Systems' technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please makes use of Comfort Systems' Risk Adjusted Performance of 0.1654, mean deviation of 1.94, and Downside Deviation of 1.95 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 20. The firm shows a Beta (market volatility) of 2.0, 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 | -0.49 |
Modest reverse predictability
Comfort Systems USA has modest reverse predictability. Overlapping area represents the amount of predictability between Comfort Systems time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Comfort Systems USA price movement. The serial correlation of -0.49 indicates that about 49.0% of current Comfort Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 42.46 |
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 |
Comfort Systems Investors Sentiment
The influence of Comfort Systems' 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 Comfort. 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 Comfort Systems' public news can be used to forecast risks associated with an investment in Comfort. The trend in average sentiment can be used to explain how an investor holding Comfort can time the market purely based on public headlines and social activities around Comfort Systems USA. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Comfort Systems' 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 Comfort Systems' 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 Comfort Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comfort Systems.
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 Comfort Systems 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, Comfort Systems' short interest history, or implied volatility extrapolated from Comfort Systems options trading.
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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.
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Comfort Systems 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.