Compass Diversified's market value is the price at which a share of Compass Diversified trades on a public exchange. It measures the collective expectations of Compass Diversified Holdings investors about its performance. Compass Diversified is trading at 24.31 as of the 12th of January 2025, a 0.16% down since the beginning of the trading day. The preferred stock's open price was 24.35. With this module, you can estimate the performance of a buy and hold strategy of Compass Diversified Holdings and determine expected loss or profit from investing in Compass Diversified over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Compass
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 preferred 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.
0.00
12/13/2024
No Change 0.00
0.0
In 31 days
01/12/2025
0.00
If you would invest 0.00 in Compass Diversified on December 13, 2024 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 30 days.
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 preferred 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.
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.
Compass Diversified secures Sharpe Ratio (or Efficiency) of 0.019, which signifies that the company had a 0.019% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Compass Diversified Holdings, which you can use to evaluate the volatility of the firm. Please confirm Compass Diversified's Risk Adjusted Performance of 0.0205, downside deviation of 0.6823, and Mean Deviation of 0.548 to double-check if the risk estimate we provide is consistent with the expected return of 0.0151%. Compass Diversified has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0725, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Compass Diversified are expected to decrease at a much lower rate. During the bear market, Compass Diversified is likely to outperform the market. Compass Diversified right now shows a risk of 0.8%. Please confirm Compass Diversified jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Compass Diversified will be following its price patterns.
Auto-correlation
-0.75
Almost perfect reverse predictability
Compass Diversified Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Compass Diversified time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th of January 2025. 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 -0.75 indicates that around 75.0% of current Compass Diversified price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.75
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
0.18
Compass Diversified lagged returns against current returns
Autocorrelation, which is Compass Diversified preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass Diversified preferred 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 preferred 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 preferred 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 preferred 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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.