COMPASS MINERALS (Germany) Market Value
| CM8 Stock | 10.50 0.20 1.87% |
| Symbol | COMPASS |
COMPASS MINERALS '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 MINERALS'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 MINERALS.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in COMPASS MINERALS on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding COMPASS MINERALS or generate 0.0% return on investment in COMPASS MINERALS over 30 days. COMPASS MINERALS is related to or competes with Taylor Morrison, Wenzhou Kangning, Aedas Homes, and PURETECH HEALTH. More
COMPASS MINERALS 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 MINERALS'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 MINERALS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 33.33 | |||
| Value At Risk | (7.56) | |||
| Potential Upside | 10.0 |
COMPASS MINERALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for COMPASS MINERALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COMPASS MINERALS's standard deviation. In reality, there are many statistical measures that can use COMPASS MINERALS historical prices to predict the future COMPASS MINERALS's volatility.| Risk Adjusted Performance | 0.0016 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of COMPASS MINERALS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
COMPASS MINERALS Backtested Returns
COMPASS MINERALS secures Sharpe Ratio (or Efficiency) of -0.0085, which signifies that the company had a -0.0085% return per unit of risk over the last 3 months. COMPASS MINERALS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm COMPASS MINERALS's mean deviation of 3.28, and Risk Adjusted Performance of 0.0016 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, COMPASS MINERALS's returns are expected to increase less than the market. However, during the bear market, the loss of holding COMPASS MINERALS is expected to be smaller as well. At this point, COMPASS MINERALS has a negative expected return of -0.044%. Please make sure to confirm COMPASS MINERALS's total risk alpha, daily balance of power, relative strength index, as well as the relationship between the potential upside and day typical price , to decide if COMPASS MINERALS performance from the past will be repeated in the future.
Auto-correlation | -0.35 |
Poor reverse predictability
COMPASS MINERALS has poor reverse predictability. Overlapping area represents the amount of predictability between COMPASS MINERALS time series from 9th of December 2024 to 24th of December 2024 and 24th of December 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 MINERALS price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current COMPASS MINERALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
COMPASS MINERALS lagged returns against current returns
Autocorrelation, which is COMPASS MINERALS 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 MINERALS's stock expected returns. We can calculate the autocorrelation of COMPASS MINERALS returns to help us make a trade decision. For example, suppose you find that COMPASS MINERALS 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 MINERALS 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 MINERALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COMPASS MINERALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COMPASS MINERALS stock over time.
Current vs Lagged Prices |
| Timeline |
COMPASS MINERALS Lagged Returns
When evaluating COMPASS MINERALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COMPASS MINERALS stock have on its future price. COMPASS MINERALS 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 MINERALS autocorrelation shows the relationship between COMPASS MINERALS stock current value and its past values and can show if there is a momentum factor associated with investing in COMPASS MINERALS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for COMPASS Stock Analysis
When running COMPASS MINERALS's price analysis, check to measure COMPASS MINERALS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy COMPASS MINERALS is operating at the current time. Most of COMPASS MINERALS's value examination focuses on studying past and present price action to predict the probability of COMPASS MINERALS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COMPASS MINERALS's price. Additionally, you may evaluate how the addition of COMPASS MINERALS to your portfolios can decrease your overall portfolio volatility.