Compass Minerals International Stock Probability of Future Stock Price Finishing Over 9.05
| CMP Stock | USD 15.70 0.93 6.30% |
Compass |
Compass Minerals Target Price Odds to finish over 9.05
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 stay above $ 9.05 in 90 days |
| 15.70 | 90 days | 9.05 | about 92.05 |
Based on a normal probability distribution, the odds of Compass Minerals to stay above $ 9.05 in 90 days from now is about 92.05 (This Compass Minerals International probability density function shows the probability of Compass Stock to fall within a particular range of prices over 90 days) . Probability of Compass Minerals Int price to stay between $ 9.05 and its current price of $15.7 at the end of the 90-day period is about 88.36 .
Considering the 90-day investment horizon Compass Minerals has a beta of 0.97 suggesting Compass Minerals International market returns are sensible to returns on the market. As the market goes up or down, Compass Minerals is expected to follow. Additionally Compass Minerals International has an alpha of 0.8441, implying that it can generate a 0.84 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Compass Minerals Price Density |
| Price |
Predictive Modules for Compass Minerals
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 Minerals Int. 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 Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Compass Minerals is not an exception. The market had few large corrections towards the Compass Minerals' 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 Minerals International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Compass Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.84 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 2.08 | |
Ir | Information ratio | 0.16 |
Compass Minerals 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 Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Compass Minerals Int 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 Minerals Int is way too risky over 90 days horizon | |
| Compass Minerals Int appears to be risky and price may revert if volatility continues | |
| Over 86.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 1554 shares by Dunn B. Gordon of Compass Minerals subject to Rule 16b-3 |
Compass Minerals 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 Minerals' 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 Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.8 M | |
| Cash And Short Term Investments | 38.7 M |
Compass Minerals Technical Analysis
Compass Minerals' 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 Minerals International. In general, you should focus on analyzing Compass Stock price patterns and their correlations with different microeconomic environments and drivers.
Compass Minerals Predictive Forecast Models
Compass Minerals' time-series forecasting models is one of many Compass Minerals' 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 Minerals' 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 Minerals Int
Checking the ongoing alerts about Compass Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Compass Minerals Int help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Compass Minerals Int is way too risky over 90 days horizon | |
| Compass Minerals Int appears to be risky and price may revert if volatility continues | |
| Over 86.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 1554 shares by Dunn B. Gordon of Compass Minerals subject to Rule 16b-3 |
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.