Compass Diversified Holdings Stock Market Value
| CODI Stock | USD 23.53 0.09 0.38% |
| Symbol | Compass |
Compass Diversified Price To Book Ratio
Is Multi-Sector Holdings 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 Diversified. 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 Diversified 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 (0.13) | Dividend Share 1 | Earnings Share (1.89) | Revenue Per Share 29.678 | Quarterly Revenue Growth 0.118 |
The market value of Compass Diversified 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 Diversified's value that differs from its market value or its book value, called intrinsic value, which is Compass Diversified'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 Compass Diversified's market value can be influenced by many factors that don't directly affect Compass Diversified'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 Compass Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Diversified'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.
Compass Diversified '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 Diversified'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 Compass Diversified.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Compass Diversified on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Compass Diversified Holdings or generate 0.0% return on investment in Compass Diversified over 720 days. Compass Diversified is related to or competes with Matthews International, Steel Partners, Valmont Industries, Brookfield Business, Griffon, Tejon Ranch, and MDU Resources. Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recap... More
Compass Diversified 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 Diversified'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 Compass Diversified Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0323 | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 3.27 |
Compass Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compass Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compass Diversified's standard deviation. In reality, there are many statistical measures that can use Compass Diversified historical prices to predict the future Compass Diversified's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0403 | |||
| Treynor Ratio | 0.1382 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compass Diversified's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Compass Diversified Backtested Returns
Compass Diversified is very steady at the moment. Compass Diversified secures Sharpe Ratio (or Efficiency) of 0.0908, which signifies that the company had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Compass Diversified Holdings, which you can use to evaluate the volatility of the firm. Please confirm Compass Diversified's Downside Deviation of 1.45, risk adjusted performance of 0.0861, and Mean Deviation of 1.31 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Compass Diversified has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.3, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Compass Diversified will likely underperform. Compass Diversified right now shows a risk of 1.75%. Please confirm Compass Diversified jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Compass Diversified will be following its price patterns.
Auto-correlation | 0.14 |
Insignificant predictability
Compass Diversified Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Compass Diversified time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Diversified price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Compass Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Compass Diversified lagged returns against current returns
Autocorrelation, which is Compass Diversified 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 Diversified's stock expected returns. We can calculate the autocorrelation of Compass Diversified returns to help us make a trade decision. For example, suppose you find that Compass Diversified 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 Diversified 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 Diversified stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass Diversified stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compass Diversified stock over time.
Current vs Lagged Prices |
| Timeline |
Compass Diversified Lagged Returns
When evaluating Compass Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compass Diversified stock have on its future price. Compass Diversified 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 Diversified autocorrelation shows the relationship between Compass Diversified stock current value and its past values and can show if there is a momentum factor associated with investing in Compass Diversified Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Compass Diversified offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Compass Diversified's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Compass Diversified Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Compass Diversified Holdings Stock:Check out Compass Diversified Correlation, Compass Diversified Volatility and Compass Diversified Alpha and Beta module to complement your research on Compass Diversified. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Compass Diversified 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.