Composecure Stock Market Value
| CMPO Stock | USD 15.70 0.34 2.12% |
| Symbol | CompoSecure |
CompoSecure Price To Book Ratio
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.
CompoSecure '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 CompoSecure's 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 CompoSecure.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in CompoSecure on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding CompoSecure or generate 0.0% return on investment in CompoSecure over 30 days. CompoSecure is related to or competes with Northwest Pipe, Insteel Industries, Carpenter Technology, ESAB Corp, Gulf Island, Haynes International, and Mueller Industries. CompoSecure, Inc. manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in ... More
CompoSecure 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 CompoSecure's 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 CompoSecure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 20.22 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 4.46 |
CompoSecure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CompoSecure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CompoSecure's standard deviation. In reality, there are many statistical measures that can use CompoSecure historical prices to predict the future CompoSecure's volatility.| Risk Adjusted Performance | 0.1665 | |||
| Jensen Alpha | 0.5086 | |||
| Total Risk Alpha | 0.1194 | |||
| Sortino Ratio | 0.1549 | |||
| Treynor Ratio | 4.5 |
CompoSecure Backtested Returns
CompoSecure appears to be not too volatile, given 3 months investment horizon. CompoSecure secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing CompoSecure's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of CompoSecure's Downside Deviation of 2.6, risk adjusted performance of 0.1665, and Mean Deviation of 1.71 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CompoSecure holds a performance score of 15. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CompoSecure's returns are expected to increase less than the market. However, during the bear market, the loss of holding CompoSecure is expected to be smaller as well. Please check CompoSecure's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether CompoSecure's price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
CompoSecure has modest reverse predictability. Overlapping area represents the amount of predictability between CompoSecure time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 CompoSecure price movement. The serial correlation of -0.41 indicates that just about 41.0% of current CompoSecure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
CompoSecure lagged returns against current returns
Autocorrelation, which is CompoSecure 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 CompoSecure's stock expected returns. We can calculate the autocorrelation of CompoSecure returns to help us make a trade decision. For example, suppose you find that CompoSecure 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 |
CompoSecure 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 CompoSecure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CompoSecure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CompoSecure stock over time.
Current vs Lagged Prices |
| Timeline |
CompoSecure Lagged Returns
When evaluating CompoSecure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CompoSecure stock have on its future price. CompoSecure 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, CompoSecure autocorrelation shows the relationship between CompoSecure stock current value and its past values and can show if there is a momentum factor associated with investing in CompoSecure.
Regressed Prices |
| Timeline |
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
| 0.8 | IIIN | Insteel Industries | PairCorr |
| 0.74 | WOR | Worthington Industries | PairCorr |
| 0.37 | LQMT | Liquidmetal Technologies | PairCorr |
| 0.35 | ATI | Allegheny Technologies | PairCorr |
| 0.33 | AP | Ampco Pittsburgh | 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 CompoSecure Correlation, CompoSecure Volatility and CompoSecure Alpha and Beta module to complement your research on CompoSecure. To learn how to invest in CompoSecure Stock, please use our How to Invest in CompoSecure guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
CompoSecure technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.