Compass Total Other Income Expense Net from 2010 to 2025

CMP Stock  USD 10.03  0.41  3.93%   
Compass Minerals Total Other Income Expense Net yearly trend continues to be relatively stable with very little volatility. Total Other Income Expense Net is likely to grow to about 4.8 M this year. During the period from 2010 to 2025, Compass Minerals Total Other Income Expense Net destribution of quarterly values had range of 481.4 M from its regression line and mean deviation of  49,143,984. View All Fundamentals
 
Total Other Income Expense Net  
First Reported
2001-03-31
Previous Quarter
-19.7 M
Current Value
2.1 M
Quarterly Volatility
15.9 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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 119.1 M, Interest Expense of 45.8 M or Selling General Administrative of 106 M, as well as many indicators such as Price To Sales Ratio of 1.26, Dividend Yield of 0.068 or PTB Ratio of 5.6. Compass financial statements analysis is a perfect complement when working with Compass Minerals Valuation or Volatility modules.
  
Check out the analysis of Compass Minerals Correlation against competitors.

Latest Compass Minerals' Total Other Income Expense Net Growth Pattern

Below is the plot of the Total Other Income Expense Net of Compass Minerals International over the last few years. It is Compass Minerals' Total Other Income Expense Net 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.
Total Other Income Expense Net10 Years Trend
Slightly volatile
   Total Other Income Expense Net   
       Timeline  

Compass Total Other Income Expense Net Regression Statistics

Arithmetic Mean(14,848,125)
Geometric Mean7,514,778
Coefficient Of Variation(721.62)
Mean Deviation49,143,984
Median4,600,000
Standard Deviation107,146,591
Sample Variance11480.4T
Range481.4M
R-Value0.43
Mean Square Error9983.1T
R-Squared0.19
Significance0.09
Slope9,768,309
Total Sum of Squares172205.9T

Compass Total Other Income Expense Net History

20254.8 M
20244.6 M
2023M
202273.4 M
2021200 K
2020-10.6 M

About Compass Minerals Financial Statements

Compass Minerals shareholders use historical fundamental indicators, such as Total Other Income Expense Net, 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 ReportedProjected for Next Year
Total Other Income Expense Net4.6 M4.8 M

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 against Compass Stock

  0.45NAK Northern Dynasty MineralsPairCorr
  0.42NB NioCorp DevelopmentsPairCorr
  0.39TMC TMC the metalsPairCorr
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.
Pair CorrelationCorrelation Matching

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.