CompoSecure Correlations

CMPO Stock

USD 16.04 0.52 3.35%

The current 90-days correlation between CompoSecure and Dave Warrants is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CompoSecure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CompoSecure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CompoSecure Correlation With Market

Significant diversification

The correlation between CompoSecure and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompoSecure and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CompoSecure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in CompoSecure Stock, please use our How to Invest in CompoSecure guide.

Moving together with CompoSecure Stock

0.86	TG	Tredegar	Pair Corr
0.7	ESAB	ESAB Corp	Pair Corr
0.75	CRS	Carpenter Technology	Pair Corr
0.66	MLI	Mueller Industries	Pair Corr
0.69	RYI	Ryerson Holding Corp	Pair Corr
1.0	CMPOW	CompoSecure Trending	Pair Corr
0.85	B	Barnes Group	Pair Corr
0.81	J	Jacobs Solutions	Pair Corr
0.75	AZ	A2Z Smart Technologies	Pair Corr
0.86	BW	Babcock Wilcox Enter	Pair Corr
0.83	CW	Curtiss Wright	Pair Corr
0.77	DE	Deere Company Fiscal Year End 27th of November 2024	Pair Corr
0.61	EH	Ehang Holdings	Pair Corr

Moving against CompoSecure Stock

0.8	IIIN	Insteel Industries	Pair Corr
0.74	WOR	Worthington Industries	Pair Corr
0.37	LQMT	Liquidmetal Technologies	Pair Corr
0.35	ATI	Allegheny Technologies	Pair Corr
0.33	AP	Ampco Pittsburgh	Pair Corr
0.67	TRSG	Tungray Technologies	Pair Corr
0.67	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.62	CP	Canadian Pacific Railway	Pair Corr
0.36	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	DAVEW	EVLVW	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX
DAVEW		-0.45	0.0	0.23	0.24	0.48	-0.89	0.63	0.31	DAVEW
EVLVW	-0.45		0.0	-0.35	0.18	-0.49	0.51	-0.49	-0.18	EVLVW
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.23	-0.35	0.0		0.29	0.69	0.02	-0.11	0.87	MSTSX
ABHYX	0.24	0.18	0.0	0.29		0.59	-0.03	-0.21	0.43	ABHYX
LBHIX	0.48	-0.49	0.0	0.69	0.59		-0.26	0.15	0.72	LBHIX
SCAXF	-0.89	0.51	0.0	0.02	-0.03	-0.26		-0.78	-0.05	SCAXF
VIASP	0.63	-0.49	0.0	-0.11	-0.21	0.15	-0.78		0.0	VIASP
RRTLX	0.31	-0.18	0.0	0.87	0.43	0.72	-0.05	0.0		RRTLX
	DAVEW	EVLVW	AQUI	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	RRTLX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RRTLX	+ 0.87	MSTSX
RRTLX	+ 0.72	LBHIX
LBHIX	+ 0.69	MSTSX
VIASP	+ 0.63	DAVEW
LBHIX	+ 0.59	ABHYX
SCAXF	+ 0.51	EVLVW

High negative correlations

SCAXF	- 0.89	DAVEW
VIASP	- 0.78	SCAXF
VIASP	- 0.49	EVLVW
LBHIX	- 0.49	EVLVW
EVLVW	- 0.45	DAVEW
MSTSX	- 0.35	EVLVW

Risk-Adjusted Indicators

There is a big difference between CompoSecure Stock performing well and CompoSecure Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CompoSecure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DAVEW	12.23	3.58	0.34	0.91	9.23	(16.90)	27.68	(17.20)	219.63
EVLVW	6.56	(1.09)	0.00	(0.23)	0.00	0.00	11.76	(11.76)	61.95
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18
RRTLX	0.24	(0.02)	(0.31)	0.05	0.24	(0.27)	0.56	(0.56)	1.37

CompoSecure Corporate Management

Gregoire Maes	Chief Officer	Profile
Stacey Gutman	Chief Officer	Profile
Steven Esq	General Secretary	Profile
Timothy Fitzsimmons	Chief Officer	Profile
Anthony Piniella	Head Communications	Profile
Amanda Gourbault	Chief Officer	Profile

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