Compass Price To Free Cash Flows Ratio from 2010 to 2024
| CMP Stock | USD 14.83 0.13 0.88% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 19.11313575 | Current Value 20.07 | Quarterly Volatility 109.41877612 |
Check Compass Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Compass Minerals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 103.5 M, Interest Expense of 45.6 M or Selling General Administrative of 105 M, as well as many indicators such as Price To Sales Ratio of 1.26, Dividend Yield of 0.068 or PTB Ratio of 6.22. Compass financial statements analysis is a perfect complement when working with Compass Minerals Valuation or Volatility modules.
Compass | Price To Free Cash Flows Ratio |
Latest Compass Minerals' Price To Free Cash Flows Ratio Growth Pattern
Below is the plot of the Price To Free Cash Flows Ratio of Compass Minerals International over the last few years. It is Compass Minerals' Price To Free Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Compass Minerals' overall financial position and show how it may be relating to other accounts over time.
| Price To Free Cash Flows Ratio | 10 Years Trend |
|
Price To Free Cash Flows Ratio |
| Timeline |
Compass Price To Free Cash Flows Ratio Regression Statistics
| Arithmetic Mean | 0.89 | |
| Coefficient Of Variation | 12,299 | |
| Mean Deviation | 57.44 | |
| Median | 20.07 | |
| Standard Deviation | 109.42 | |
| Sample Variance | 11,972 | |
| Range | 492 | |
| R-Value | (0.06) | |
| Mean Square Error | 12,842 | |
| R-Squared | 0 | |
| Significance | 0.82 | |
| Slope | (1.54) | |
| Total Sum of Squares | 167,615 |
Compass Price To Free Cash Flows Ratio History
About Compass Minerals Financial Statements
Compass Minerals shareholders use historical fundamental indicators, such as Price To Free Cash Flows Ratio, to determine how well the company is positioned to perform in the future. Although Compass Minerals investors may analyze each financial statement separately, they are all interrelated. The changes in Compass Minerals' assets and liabilities, for example, are also reflected in the revenues and expenses on on Compass Minerals' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Free Cash Flows Ratio | 19.11 | 20.07 |
Pair Trading with Compass Minerals
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 Compass Minerals 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 Compass Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
Moving against Compass Stock
| 0.71 | BYU | BAIYU Holdings | PairCorr |
| 0.44 | ELBM | Electra Battery Materials | PairCorr |
| 0.37 | NB | NioCorp Developments | PairCorr |
The ability to find closely correlated positions to Compass Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compass Minerals 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 Compass Minerals - 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 Compass Minerals International to buy it.
The correlation of Compass Minerals 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 Compass Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Minerals Int 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 Compass Minerals 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.Additional Tools for Compass Stock Analysis
When running Compass Minerals' price analysis, check to measure Compass Minerals' 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 Compass Minerals is operating at the current time. Most of Compass Minerals' value examination focuses on studying past and present price action to predict the probability of Compass Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Minerals' price. Additionally, you may evaluate how the addition of Compass Minerals to your portfolios can decrease your overall portfolio volatility.