Comstock Resources Stock Market Value
| CRK Stock | USD 9.98 0.12 1.22% |
| Symbol | Comstock |
Comstock Resources Price To Book Ratio
Is Comstock Resources' 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 Comstock Resources. If investors know Comstock 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 Comstock Resources 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 (0.79) | Dividend Share 0.375 | Earnings Share 0.22 | Revenue Per Share 5.092 | Quarterly Revenue Growth (0.31) |
The market value of Comstock Resources is measured differently than its book value, which is the value of Comstock that is recorded on the company's balance sheet. Investors also form their own opinion of Comstock Resources' value that differs from its market value or its book value, called intrinsic value, which is Comstock Resources' 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 Comstock Resources' market value can be influenced by many factors that don't directly affect Comstock Resources' 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 Comstock Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Comstock Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comstock Resources' 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.
Comstock Resources '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 Comstock Resources' 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 Comstock Resources.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Comstock Resources on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Comstock Resources or generate 0.0% return on investment in Comstock Resources over 30 days. Comstock Resources is related to or competes with Vaalco Energy, PHX Minerals, Granite Ridge, SilverBow Resources, North European, GeoPark, and Crescent Energy. Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and produ... More
Comstock Resources 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 Comstock Resources' 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 Comstock Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1303 | |||
| Maximum Drawdown | 14.69 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.78 |
Comstock Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Comstock Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Comstock Resources' standard deviation. In reality, there are many statistical measures that can use Comstock Resources historical prices to predict the future Comstock Resources' volatility.| Risk Adjusted Performance | 0.11 | |||
| Jensen Alpha | 0.3183 | |||
| Total Risk Alpha | 0.1197 | |||
| Sortino Ratio | 0.155 | |||
| Treynor Ratio | 0.3703 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Comstock Resources' 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.
Comstock Resources Backtested Returns
Comstock Resources appears to be not too volatile, given 3 months investment horizon. Comstock Resources secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Comstock Resources' technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Comstock Resources' Risk Adjusted Performance of 0.11, downside deviation of 2.08, and Mean Deviation of 1.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Comstock Resources holds a performance score of 15. The firm shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Comstock Resources returns are very sensitive to returns on the market. As the market goes up or down, Comstock Resources is expected to follow. Please check Comstock Resources' total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Comstock Resources' price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Comstock Resources has very good predictability. Overlapping area represents the amount of predictability between Comstock Resources time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Comstock Resources price movement. The serial correlation of 0.84 indicates that around 84.0% of current Comstock Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Comstock Resources lagged returns against current returns
Autocorrelation, which is Comstock Resources 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 Comstock Resources' stock expected returns. We can calculate the autocorrelation of Comstock Resources returns to help us make a trade decision. For example, suppose you find that Comstock Resources 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 |
Comstock Resources 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 Comstock Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Comstock Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Comstock Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Comstock Resources Lagged Returns
When evaluating Comstock Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Comstock Resources stock have on its future price. Comstock Resources 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, Comstock Resources autocorrelation shows the relationship between Comstock Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Comstock Resources.
Regressed Prices |
| Timeline |
Comstock Resources Investors Sentiment
The influence of Comstock Resources' 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 Comstock. 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 Comstock Resources' public news can be used to forecast risks associated with an investment in Comstock. The trend in average sentiment can be used to explain how an investor holding Comstock can time the market purely based on public headlines and social activities around Comstock Resources. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Comstock Resources' 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 Comstock Resources' 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 Comstock Resources' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comstock Resources.
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 Comstock Resources 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, Comstock Resources' short interest history, or implied volatility extrapolated from Comstock Resources options trading.
Pair Trading with Comstock Resources
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 Comstock Resources 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 Comstock Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Comstock Stock
| 0.95 | AR | Antero Resources Corp | PairCorr |
| 0.81 | PR | Permian Resources Earnings Call This Week | PairCorr |
| 0.79 | SD | SandRidge Energy | PairCorr |
| 0.84 | SM | SM Energy | PairCorr |
Moving against Comstock Stock
| 0.7 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Comstock Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comstock Resources 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 Comstock Resources - 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 Comstock Resources to buy it.
The correlation of Comstock Resources 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 Comstock Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comstock Resources 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 Comstock Resources 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 Comstock Resources Correlation, Comstock Resources Volatility and Comstock Resources Alpha and Beta module to complement your research on Comstock Resources. For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Comstock Stock analysis
When running Comstock Resources' price analysis, check to measure Comstock Resources' 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 Comstock Resources is operating at the current time. Most of Comstock Resources' value examination focuses on studying past and present price action to predict the probability of Comstock Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comstock Resources' price. Additionally, you may evaluate how the addition of Comstock Resources to your portfolios can decrease your overall portfolio volatility.
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Comstock Resources 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.