Compass Digital Acquisition Probability of Future Stock Price Finishing Over 10.99
| CDAQDelisted Stock | USD 10.74 0.00 0.00% |
Compass |
Compass Digital Target Price Odds to finish over 10.99
The tendency of Compass Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 10.99 or more in 90 days |
| 10.74 | 90 days | 10.99 | near 1 |
Based on a normal probability distribution, the odds of Compass Digital to move over $ 10.99 or more in 90 days from now is near 1 (This Compass Digital Acquisition probability density function shows the probability of Compass Stock to fall within a particular range of prices over 90 days) . Probability of Compass Digital Acqu price to stay between its current price of $ 10.74 and $ 10.99 at the end of the 90-day period is about 89.08 .
Given the investment horizon of 90 days Compass Digital has a beta of 0.0468 suggesting as returns on the market go up, Compass Digital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Compass Digital Acquisition will be expected to be much smaller as well. Additionally Compass Digital Acquisition has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Compass Digital Price Density |
| Price |
Predictive Modules for Compass Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compass Digital Acqu. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Compass Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Compass Digital is not an exception. The market had few large corrections towards the Compass Digital's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Compass Digital Acquisition, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Compass Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.3 |
Compass Digital Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Compass Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Compass Digital Acqu can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Compass Digital Acqu is not yet fully synchronised with the market data | |
| Compass Digital Acqu generated a negative expected return over the last 90 days | |
| Compass Digital Acqu has a very high chance of going through financial distress in the upcoming years | |
| Compass Digital Acquisition currently holds about 1.23 M in cash with (1.18 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Over 92.0% of the company shares are held by institutions such as insurance companies |
Compass Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Compass Stock often depends not only on the future outlook of the current and potential Compass Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Compass Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 23.1 M | |
| Cash And Short Term Investments | 44 K |
Compass Digital Technical Analysis
Compass Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Compass Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Compass Digital Acquisition. In general, you should focus on analyzing Compass Stock price patterns and their correlations with different microeconomic environments and drivers.
Compass Digital Predictive Forecast Models
Compass Digital's time-series forecasting models is one of many Compass Digital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Compass Digital's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Compass Digital Acqu
Checking the ongoing alerts about Compass Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Compass Digital Acqu help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Compass Digital Acqu is not yet fully synchronised with the market data | |
| Compass Digital Acqu generated a negative expected return over the last 90 days | |
| Compass Digital Acqu has a very high chance of going through financial distress in the upcoming years | |
| Compass Digital Acquisition currently holds about 1.23 M in cash with (1.18 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Over 92.0% of the company shares are held by institutions such as insurance companies |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Compass Stock
If you are still planning to invest in Compass Digital Acqu check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Compass Digital's history and understand the potential risks before investing.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |