CompoSecure Stock Forecast - Daily Balance Of Power
| CMPO Stock | USD 15.95 0.22 1.36% |
CompoSecure Stock Forecast is based on your current time horizon. Although CompoSecure's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of CompoSecure's systematic risk associated with finding meaningful patterns of CompoSecure fundamentals over time.
CompoSecure |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.42) | 0.0833 |
| Check CompoSecure Volatility | Backtest CompoSecure | Trend Details |
CompoSecure Trading Date Momentum
| On May 28 2024 CompoSecure was traded for 6.54 at the closing time. The top price for the day was 6.64 and the lowest listed price was 6.48 . The trading volume for the day was 118.2 K. The trading history from May 28, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.15% . The overall trading delta against the current closing price is 1.53% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare CompoSecure to competition |
Other Forecasting Options for CompoSecure
For every potential investor in CompoSecure, whether a beginner or expert, CompoSecure's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CompoSecure Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CompoSecure. Basic forecasting techniques help filter out the noise by identifying CompoSecure's price trends.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.
| Risk & Return | Correlation |
CompoSecure Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of CompoSecure's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of CompoSecure's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
CompoSecure Market Strength Events
Market strength indicators help investors to evaluate how CompoSecure stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CompoSecure shares will generate the highest return on investment. By undertsting and applying CompoSecure stock market strength indicators, traders can identify CompoSecure entry and exit signals to maximize returns.
| Accumulation Distribution | 6123.57 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 16.04 | |||
| Day Typical Price | 16.01 | |||
| Price Action Indicator | (0.20) | |||
| Period Momentum Indicator | (0.22) | |||
| Relative Strength Index | 34.09 |
CompoSecure Risk Indicators
The analysis of CompoSecure's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in CompoSecure's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting composecure stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.78 | |||
| Semi Deviation | 2.23 | |||
| Standard Deviation | 2.6 | |||
| Variance | 6.77 | |||
| Downside Variance | 6.46 | |||
| Semi Variance | 4.99 | |||
| Expected Short fall | (2.15) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with CompoSecure
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 CompoSecure 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 CompoSecure will appreciate offsetting losses from the drop in the long position's value.Moving together with CompoSecure Stock
Moving against CompoSecure Stock
| 0.69 | IIIN | Insteel Industries | PairCorr |
| 0.68 | WOR | Worthington Industries | PairCorr |
| 0.44 | LQMT | Liquidmetal Technologies | PairCorr |
The ability to find closely correlated positions to CompoSecure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CompoSecure 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 CompoSecure - 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 CompoSecure to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CompoSecure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CompoSecure 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 CompoSecure 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.Check out Historical Fundamental Analysis of CompoSecure to cross-verify your projections. To learn how to invest in CompoSecure Stock, please use our How to Invest in CompoSecure guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CompoSecure. If investors know CompoSecure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CompoSecure listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.105 | Earnings Share (0.41) | Revenue Per Share 16.184 | Quarterly Revenue Growth 0.106 | Return On Assets 0.2705 |
The market value of CompoSecure is measured differently than its book value, which is the value of CompoSecure that is recorded on the company's balance sheet. Investors also form their own opinion of CompoSecure's value that differs from its market value or its book value, called intrinsic value, which is CompoSecure's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CompoSecure's market value can be influenced by many factors that don't directly affect CompoSecure's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CompoSecure's value and its price as these two are different measures arrived at by different means. Investors typically determine if CompoSecure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CompoSecure's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.