COMPASS PATHW's market value is the price at which a share of COMPASS PATHW trades on a public exchange. It measures the collective expectations of COMPASS PATHW SPADR investors about its performance. COMPASS PATHW is trading at 4.20 as of the 8th of January 2025. This is a 10.64% down since the beginning of the trading day. The stock's lowest day price was 4.2. With this module, you can estimate the performance of a buy and hold strategy of COMPASS PATHW SPADR and determine expected loss or profit from investing in COMPASS PATHW over a given investment horizon. Check out COMPASS PATHW Correlation, COMPASS PATHW Volatility and COMPASS PATHW Alpha and Beta module to complement your research on COMPASS PATHW.
Please note, there is a significant difference between COMPASS PATHW's value and its price as these two are different measures arrived at by different means. Investors typically determine if COMPASS PATHW is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COMPASS PATHW'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 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.
0.00
02/18/2023
No Change 0.00
0.0
In 1 year 10 months and 21 days
01/08/2025
0.00
If you would invest 0.00 in COMPASS PATHW on February 18, 2023 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 690 days. COMPASS PATHW is related to or competes with Solstad Offshore, CSSC Offshore, and RELIANCE STEEL. 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.
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.
COMPASS PATHW SPADR secures Sharpe Ratio (or Efficiency) of -0.0314, which signifies that the company had a -0.0314% return per unit of risk over the last 3 months. COMPASS PATHW SPADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COMPASS PATHW's mean deviation of 4.03, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0109, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COMPASS PATHW's returns are expected to increase less than the market. However, during the bear market, the loss of holding COMPASS PATHW is expected to be smaller as well. At this point, COMPASS PATHW SPADR has a negative expected return of -0.19%. Please make sure to confirm COMPASS PATHW's total risk alpha, maximum drawdown, and 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
0.38
Below average predictability
COMPASS PATHW SPADR has below average predictability. Overlapping area represents the amount of predictability between COMPASS PATHW time series from 18th of February 2023 to 29th of January 2024 and 29th of January 2024 to 8th 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 0.38 indicates that just about 38.0% of current COMPASS PATHW price fluctuation can be explain by its past prices.
Correlation Coefficient
0.38
Spearman Rank Test
0.34
Residual Average
0.0
Price Variance
3.17
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.
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.