Compass Minerals International Stock Market Value
| CMP Stock | USD 15.07 0.24 1.62% |
| Symbol | Compass |
Compass Minerals Int Price To Book Ratio
Is Diversified Metals & Mining 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 Compass Minerals. If investors know Compass 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 Compass Minerals 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 (0.92) | Dividend Share 2.88 | Earnings Share (3.81) | Revenue Per Share 44.542 | Quarterly Revenue Growth (0.25) |
The market value of Compass Minerals Int is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Minerals' value that differs from its market value or its book value, called intrinsic value, which is Compass Minerals' 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 Compass Minerals' market value can be influenced by many factors that don't directly affect Compass Minerals' 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 Compass Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Minerals' 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.
Compass Minerals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Compass Minerals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Compass Minerals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Compass Minerals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Compass Minerals International or generate 0.0% return on investment in Compass Minerals over 30 days. Compass Minerals is related to or competes with Vale SA, Teck Resources, BHP Group, Glencore PLC, Piedmont Lithium, Sigma Lithium, and Standard Lithium. Compass Minerals International, Inc., produces and sells essential minerals primarily in the United States, Canada, Braz... More
Compass Minerals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Compass Minerals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Compass Minerals International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 27.27 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 10.57 |
Compass Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compass Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compass Minerals' standard deviation. In reality, there are many statistical measures that can use Compass Minerals historical prices to predict the future Compass Minerals' volatility.| Risk Adjusted Performance | 0.13 | |||
| Jensen Alpha | 0.6989 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.2225 | |||
| Treynor Ratio | 0.8351 |
Compass Minerals Int Backtested Returns
Compass Minerals appears to be not too volatile, given 3 months investment horizon. Compass Minerals Int secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Compass Minerals' technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please makes use of Compass Minerals' Mean Deviation of 3.53, risk adjusted performance of 0.13, and Downside Deviation of 3.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Compass Minerals holds a performance score of 14. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Compass Minerals returns are very sensitive to returns on the market. As the market goes up or down, Compass Minerals is expected to follow. Please check Compass Minerals' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Compass Minerals' price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Compass Minerals International has virtually no predictability. Overlapping area represents the amount of predictability between Compass Minerals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Compass Minerals Int price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Compass Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Compass Minerals Int lagged returns against current returns
Autocorrelation, which is Compass Minerals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Compass Minerals' stock expected returns. We can calculate the autocorrelation of Compass Minerals returns to help us make a trade decision. For example, suppose you find that Compass Minerals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Compass Minerals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Compass Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compass Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Compass Minerals Lagged Returns
When evaluating Compass Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compass Minerals stock have on its future price. Compass Minerals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Compass Minerals autocorrelation shows the relationship between Compass Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Compass Minerals International.
Regressed Prices |
| Timeline |
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
| 0.74 | BYU | BAIYU Holdings | PairCorr |
| 0.5 | ELBM | Electra Battery Materials | PairCorr |
| 0.34 | NB | NioCorp Developments | PairCorr |
| 0.31 | NMG | Nouveau Monde Graphite | 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.