CompoSecure Correlations

CMPO Stock

USD 11.38 0.50 4.60%

The current 90-days correlation between CompoSecure and Northwest Pipe is 0.31 (i.e., Weak diversification). 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.

CompoSecure Correlation With Market

Good diversification

The correlation between CompoSecure and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompoSecure and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CompoSecure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in CompoSecure Stock, please use our How to Invest in CompoSecure guide.

Moving together with CompoSecure Stock

0.71	TG	Tredegar	Pair Corr
0.68	ATI	Allegheny Technologies	Pair Corr
0.65	MEC	Mayville Engineering	Pair Corr
0.93	CMPOW	CompoSecure	Pair Corr
0.75	NWPX	Northwest Pipe	Pair Corr
0.78	PRLB	Proto Labs	Pair Corr
0.78	R	Ryder System	Pair Corr
0.83	BA	Boeing Buyout Trend	Pair Corr
0.61	CR	Crane Company	Pair Corr
0.67	FA	First Advantage Corp	Pair Corr
0.68	FC	Franklin Covey Earnings Call This Week	Pair Corr

Moving against CompoSecure Stock

0.54	GD	General Dynamics	Pair Corr
0.47	BZ	Kanzhun Ltd ADR	Pair Corr

Related Correlations Analysis

	NWPX	IIIN	CRS	ESAB	GIFI	HAYN	MLI	MEC	ATI	WOR
NWPX		0.47	0.19	0.43	0.75	0.0	0.17	0.85	0.74	0.47	NWPX
IIIN	0.47		0.25	0.69	0.02	0.0	0.16	0.36	0.53	0.78	IIIN
CRS	0.19	0.25		0.37	0.2	0.0	0.18	0.06	0.45	0.46	CRS
ESAB	0.43	0.69	0.37		0.03	0.0	0.56	0.34	0.44	0.76	ESAB
GIFI	0.75	0.02	0.2	0.03		0.0	0.01	0.75	0.45	0.06	GIFI
HAYN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HAYN
MLI	0.17	0.16	0.18	0.56	0.01	0.0		0.17	-0.01	0.34	MLI
MEC	0.85	0.36	0.06	0.34	0.75	0.0	0.17		0.52	0.33	MEC
ATI	0.74	0.53	0.45	0.44	0.45	0.0	-0.01	0.52		0.54	ATI
WOR	0.47	0.78	0.46	0.76	0.06	0.0	0.34	0.33	0.54		WOR
	NWPX	IIIN	CRS	ESAB	GIFI	HAYN	MLI	MEC	ATI	WOR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MEC	+ 0.85	NWPX
WOR	+ 0.78	IIIN
WOR	+ 0.76	ESAB
GIFI	+ 0.75	NWPX
MEC	+ 0.75	GIFI
ATI	+ 0.74	NWPX

High negative correlations

ATI	- 0.01	MLI
WOR	- 0.0	HAYN
ATI	- 0.0	HAYN
MEC	- 0.0	HAYN
MLI	- 0.0	HAYN
HAYN	- 0.0	GIFI

Risk-Adjusted Indicators

There is a big difference between CompoSecure Stock performing well and CompoSecure Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CompoSecure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NWPX	1.81	(0.19)	0.00	1.25	0.00	0.00	3.60	(3.71)	14.98
IIIN	1.79	0.02	0.03	0.00	2.09	(1.80)	3.32	(3.01)	14.41
CRS	2.27	0.17	0.09	(0.30)	3.21	(2.30)	4.31	(5.33)	17.79
ESAB	1.52	0.01	0.05	(0.12)	2.07	(1.47)	3.05	(3.89)	8.87
GIFI	1.47	(0.02)	0.00	(0.24)	0.00	0.00	2.56	(3.45)	8.96
HAYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLI	1.34	0.02	0.06	(0.14)	1.61	(1.34)	2.66	(2.42)	7.81
MEC	1.50	(0.18)	0.00	(1.80)	0.00	0.00	2.85	(3.51)	10.28
ATI	1.84	(0.06)	0.00	0.16	0.00	0.00	3.30	(3.88)	17.56
WOR	1.46	0.01	0.06	(0.12)	1.86	(1.42)	2.92	(3.09)	8.85

CompoSecure Corporate Management

Gregoire Maes	Chief Officer	Profile
Stacey Gutman	Chief Officer	Profile
Steven Esq	General Secretary	Profile
Timothy Fitzsimmons	Chief Officer	Profile
Anthony Piniella	Head Communications	Profile
Amanda Gourbault	Chief Officer	Profile

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