COMPASS PATHW (Germany) Market Value
| 5Y6 Stock | EUR 3.66 0.32 9.58% |
| Symbol | COMPASS |
COMPASS PATHW '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 PATHW'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 PATHW.
| 07/27/2024 |
| 01/23/2025 |
If you would invest 0.00 in COMPASS PATHW on July 27, 2024 and sell it all today you would earn a total of 0.00 from holding COMPASS PATHW SPADR or generate 0.0% return on investment in COMPASS PATHW over 180 days. COMPASS PATHW is related to or competes with CarsalesCom, Telecom Argentina, Fast Retailing, Bank of America, Chunghwa Telecom, SIDETRADE, and Cairo Communication. COMPASS Pathways plc operates as a mental health care company in the United Kingdom and the United States More
COMPASS PATHW 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 PATHW'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 PATHW SPADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 32.86 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 9.26 |
COMPASS PATHW Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COMPASS PATHW's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COMPASS PATHW's standard deviation. In reality, there are many statistical measures that can use COMPASS PATHW historical prices to predict the future COMPASS PATHW's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.65) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | 1.46 |
COMPASS PATHW SPADR Backtested Returns
COMPASS PATHW SPADR secures Sharpe Ratio (or Efficiency) of -0.0817, which signifies that the company had a -0.0817 % return per unit of risk over the last 3 months. COMPASS PATHW SPADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COMPASS PATHW's mean deviation of 4.4, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning COMPASS PATHW are expected to decrease at a much lower rate. During the bear market, COMPASS PATHW is likely to outperform the market. At this point, COMPASS PATHW SPADR has a negative expected return of -0.54%. Please make sure to confirm COMPASS PATHW's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if COMPASS PATHW SPADR performance from the past will be repeated in the future.
Auto-correlation | 0.58 |
Modest predictability
COMPASS PATHW SPADR has modest predictability. Overlapping area represents the amount of predictability between COMPASS PATHW time series from 27th of July 2024 to 25th of October 2024 and 25th of October 2024 to 23rd 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 PATHW SPADR price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current COMPASS PATHW price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
COMPASS PATHW SPADR lagged returns against current returns
Autocorrelation, which is COMPASS PATHW 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 PATHW's stock expected returns. We can calculate the autocorrelation of COMPASS PATHW returns to help us make a trade decision. For example, suppose you find that COMPASS PATHW 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 PATHW 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 PATHW stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COMPASS PATHW stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COMPASS PATHW stock over time.
Current vs Lagged Prices |
| Timeline |
COMPASS PATHW Lagged Returns
When evaluating COMPASS PATHW's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COMPASS PATHW stock have on its future price. COMPASS PATHW 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 PATHW autocorrelation shows the relationship between COMPASS PATHW stock current value and its past values and can show if there is a momentum factor associated with investing in COMPASS PATHW SPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in COMPASS Stock
COMPASS PATHW financial ratios help investors to determine whether COMPASS 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 PATHW security.