Compass Diversified Preferred Stock Market Value
| CODI-PB Preferred Stock | USD 23.61 0.01 0.04% |
| 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.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Compass Diversified on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Compass Diversified or generate 0.0% return on investment in Compass Diversified over 300 days. Compass Diversified is related to or competes with Steel Partners, Steel Partners, Tejon Ranch, Brookfield Business, Matthews International, Seaboard, and Valmont Industries. Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation,... 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 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 2.07 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.5467 |
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 | (0.11) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 1.24 |
Compass Diversified Backtested Returns
Compass Diversified secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of risk over the last 3 months. Compass Diversified exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compass Diversified's Mean Deviation of 0.2807, standard deviation of 0.3901, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.05, 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. At this point, Compass Diversified has a negative expected return of -0.0558%. Please make sure to confirm Compass Diversified's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Compass Diversified performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Compass Diversified has very weak predictability. Overlapping area represents the amount of predictability between Compass Diversified time series from 31st of January 2024 to 29th of June 2024 and 29th of June 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 Diversified price movement. The serial correlation of 0.16 indicates that over 16.0% of current Compass Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
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.
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.Other Information on Investing in Compass Preferred Stock
Compass Diversified financial ratios help investors to determine whether Compass Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Compass with respect to the benefits of owning Compass Diversified security.