Comerica Stock Technical Analysis
CMA Stock | USD 49.82 0.21 0.42% |
As of the 18th of April 2024, Comerica shows the Mean Deviation of 1.48, standard deviation of 1.98, and Risk Adjusted Performance of (0.02). Comerica technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for thirteen technical drivers for Comerica, which can be compared to its peers. Please confirm Comerica maximum drawdown, and the relationship between the information ratio and potential upside to decide if Comerica is priced correctly, providing market reflects its regular price of 49.82 per share. Given that Comerica has information ratio of (0.07), we suggest you to validate Comerica's prevailing market performance to make sure the company can sustain itself at a future point.
Comerica Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Comerica, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ComericaComerica |
Comerica Analyst Consensus
Target Price | Advice | # of Analysts | |
50.05 | Buy | 24 | Odds |
Most Comerica analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Comerica stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Comerica, talking to its executives and customers, or listening to Comerica conference calls.
Comerica 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.
Comerica Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Comerica volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Comerica Trend Analysis
Use this graph to draw trend lines for Comerica. You can use it to identify possible trend reversals for Comerica as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Comerica price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Comerica Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Comerica applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that Comerica will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 4.46, which is the sum of squared deviations for the predicted Comerica price change compared to its average price change.About Comerica Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Comerica on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Comerica based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Comerica price pattern first instead of the macroeconomic environment surrounding Comerica. By analyzing Comerica's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Comerica's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Comerica specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0334 | 0.0429 | 0.0385 | Price To Sales Ratio | 3.96 | 2.48 | 2.34 |
Comerica April 18, 2024 Technical Indicators
Most technical analysis of Comerica help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Comerica from various momentum indicators to cycle indicators. When you analyze Comerica charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.02) | |||
Market Risk Adjusted Performance | (0.05) | |||
Mean Deviation | 1.48 | |||
Coefficient Of Variation | (2,330) | |||
Standard Deviation | 1.98 | |||
Variance | 3.91 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | (0.17) | |||
Total Risk Alpha | (0.24) | |||
Treynor Ratio | (0.06) | |||
Maximum Drawdown | 9.93 | |||
Value At Risk | (3.33) | |||
Potential Upside | 2.56 | |||
Skewness | (0.56) | |||
Kurtosis | 1.13 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Comerica. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Comerica Stock refer to our How to Trade Comerica Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Comerica Stock analysis
When running Comerica's price analysis, check to measure Comerica'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 Comerica is operating at the current time. Most of Comerica's value examination focuses on studying past and present price action to predict the probability of Comerica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comerica's price. Additionally, you may evaluate how the addition of Comerica to your portfolios can decrease your overall portfolio volatility.
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Is Comerica'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 Comerica. If investors know Comerica 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 Comerica 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 (0.92) | Dividend Share 2.84 | Earnings Share 6.33 | Revenue Per Share 26.538 | Quarterly Revenue Growth (0.22) |
The market value of Comerica is measured differently than its book value, which is the value of Comerica that is recorded on the company's balance sheet. Investors also form their own opinion of Comerica's value that differs from its market value or its book value, called intrinsic value, which is Comerica'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 Comerica's market value can be influenced by many factors that don't directly affect Comerica'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 Comerica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comerica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comerica'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.