CompoSecure Correlations

CMPOW Stock

USD 12.15 0.01 0.08%

The current 90-days correlation between CompoSecure and Power Solutions International, is -0.14 (i.e., Good diversification). The correlation of CompoSecure 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CompoSecure Correlation With Market

Good diversification

The correlation between CompoSecure and DJI is -0.04 (i.e., Good 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.

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Moving together with CompoSecure Stock

0.63

601608

CITIC Heavy Industries

Pair Corr

Moving against CompoSecure Stock

0.41	IR	Ingersoll Rand	Pair Corr
0.39	0ACC	Accelleron Industries	Pair Corr
0.36	PL	Planet Labs PBC	Pair Corr
0.32	BRCK	Brickability Group Plc	Pair Corr
0.44	301317	Xinlei Compressor	Pair Corr
0.4	688169	Beijing Roborock Tec	Pair Corr
0.38	688165	EFORT Intelligent	Pair Corr
0.33	300403	Jiangmen iDear Hanyu	Pair Corr
0.53	688003	Suzhou TZTEK Technology	Pair Corr
0.5	300499	Guangzhou Goaland Energy	Pair Corr
0.43	301007	Dalian Demaishi Precision	Pair Corr

Related Correlations Analysis

	PSIX	HUBG	ATKR	AMRC	EPAC	VOYG	HNI	ALG	UPWK	NNE
PSIX		-0.49	-0.12	0.53	0.66	0.8	0.69	0.92	-0.31	0.75	PSIX
HUBG	-0.49		0.07	-0.61	-0.38	-0.28	-0.21	-0.34	0.79	-0.56	HUBG
ATKR	-0.12	0.07		0.42	0.38	0.12	-0.25	-0.09	-0.31	0.15	ATKR
AMRC	0.53	-0.61	0.42		0.62	0.71	0.39	0.48	-0.71	0.82	AMRC
EPAC	0.66	-0.38	0.38	0.62		0.72	0.45	0.72	-0.48	0.63	EPAC
VOYG	0.8	-0.28	0.12	0.71	0.72		0.76	0.86	-0.29	0.85	VOYG
HNI	0.69	-0.21	-0.25	0.39	0.45	0.76		0.83	0.0	0.51	HNI
ALG	0.92	-0.34	-0.09	0.48	0.72	0.86	0.83		-0.23	0.69	ALG
UPWK	-0.31	0.79	-0.31	-0.71	-0.48	-0.29	0.0	-0.23		-0.54	UPWK
NNE	0.75	-0.56	0.15	0.82	0.63	0.85	0.51	0.69	-0.54		NNE
	PSIX	HUBG	ATKR	AMRC	EPAC	VOYG	HNI	ALG	UPWK	NNE

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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

ALG	+ 0.92	PSIX
ALG	+ 0.86	VOYG
NNE	+ 0.85	VOYG
ALG	+ 0.83	HNI
NNE	+ 0.82	AMRC
VOYG	+ 0.8	PSIX

High negative correlations

UPWK	- 0.71	AMRC
AMRC	- 0.61	HUBG
NNE	- 0.56	HUBG
NNE	- 0.54	UPWK
HUBG	- 0.49	PSIX
UPWK	- 0.48	EPAC

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
PSIX	3.89	(0.88)	0.00	(0.30)	0.00	0.00	7.03	(8.26)	29.92
HUBG	1.56	0.33	0.14	1.21	1.65	(1.76)	4.43	(3.05)	10.93
ATKR	1.55	0.00	0.02	0.07	2.64	(1.60)	3.38	(2.59)	16.30
AMRC	2.68	(0.11)	(0.02)	0.00	3.33	(2.87)	7.11	(6.29)	21.09
EPAC	1.34	(0.09)	0.00	(0.01)	0.00	0.00	3.65	(2.01)	13.58
VOYG	4.32	(0.33)	0.00	(0.01)	0.00	0.00	9.43	(8.00)	21.76
HNI	1.14	(0.16)	0.00	(0.10)	0.00	0.00	2.81	(2.09)	10.19
ALG	1.16	(0.24)	0.00	(0.23)	0.00	0.00	2.28	(2.09)	6.93
UPWK	2.86	0.08	0.03	0.15	3.03	(3.21)	7.03	(5.07)	20.70
NNE	4.86	(0.68)	0.00	(0.13)	0.00	0.00	9.26	(9.64)	37.48

CompoSecure Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CompoSecure stock to make a market-neutral strategy. Peer analysis of CompoSecure could also be used in its relative valuation, which is a method of valuing CompoSecure by comparing valuation metrics with similar companies.

Power Solutions International, Hub Group Atkore International Group Ameresco Enerpac Tool Group Voyager Technologies, HNI Corp Alamo Group Upwork Inc Nano Nuclear Energy American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

CompoSecure Corporate Management

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

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