Compass Diversified Stock Forecast - Relative Strength Index
| CODI Stock | USD 21.68 0.35 1.64% |
Compass Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Compass Diversified stock prices and determine the direction of Compass Diversified Holdings's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Compass Diversified's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Compass Diversified's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Compass Diversified's systematic risk associated with finding meaningful patterns of Compass Diversified fundamentals over time.
Check out Historical Fundamental Analysis of Compass Diversified to cross-verify your projections. Compass |
Open Interest Against 2024-05-17 Compass Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Compass Diversified's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Compass Diversified's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Compass Diversified stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Compass Diversified's open interest, investors have to compare it to Compass Diversified's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Compass Diversified is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Compass. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Compass Diversified cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Compass Diversified's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Compass Diversified's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 44.57 | 44.57 |
| Check Compass Diversified Volatility | Backtest Compass Diversified | Information Ratio |
Compass Diversified Trading Date Momentum
| On May 03 2024 Compass Diversified Holdings was traded for 21.68 at the closing time. The top price for the day was 21.91 and the lowest listed price was 21.29 . The trading volume for the day was 210.2 K. The trading history from May 3, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.61% . |
| Compare Compass Diversified to competition |
Other Forecasting Options for Compass Diversified
For every potential investor in Compass, whether a beginner or expert, Compass Diversified's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Compass Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Compass. Basic forecasting techniques help filter out the noise by identifying Compass Diversified's price trends.Compass Diversified Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Compass Diversified stock to make a market-neutral strategy. Peer analysis of Compass Diversified could also be used in its relative valuation, which is a method of valuing Compass Diversified by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compass Diversified Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Compass Diversified's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Compass Diversified's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Compass Diversified Market Strength Events
Market strength indicators help investors to evaluate how Compass Diversified stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Compass Diversified shares will generate the highest return on investment. By undertsting and applying Compass Diversified stock market strength indicators, traders can identify Compass Diversified Holdings entry and exit signals to maximize returns.
Compass Diversified Risk Indicators
The analysis of Compass Diversified's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Compass Diversified's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting compass stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.3 | |||
| Standard Deviation | 1.7 | |||
| Variance | 2.88 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Compass Diversified
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Compass Diversified position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Compass Diversified will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
| 0.69 | AB | AllianceBernstein | PairCorr |
Moving against Compass Stock
| 0.66 | CDAQU | Compass Digital Acqu | PairCorr |
The ability to find closely correlated positions to Compass Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compass Diversified when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Compass Diversified - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Compass Diversified Holdings to buy it.
The correlation of Compass Diversified is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compass Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Diversified moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Compass Diversified can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Compass Diversified to cross-verify your projections. Note that the Compass Diversified information on this page should be used as a complementary analysis to other Compass Diversified's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Compass Stock analysis
When running Compass Diversified's price analysis, check to measure Compass Diversified'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 Diversified is operating at the current time. Most of Compass Diversified's value examination focuses on studying past and present price action to predict the probability of Compass Diversified'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 Diversified's price. Additionally, you may evaluate how the addition of Compass Diversified to your portfolios can decrease your overall portfolio volatility.
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Is Compass Diversified's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Compass Diversified. If investors know Compass will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Compass Diversified listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 1 | Earnings Share (2.41) | Revenue Per Share 28.804 | Quarterly Revenue Growth (0.03) |
The market value of Compass Diversified is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Diversified's value that differs from its market value or its book value, called intrinsic value, which is Compass Diversified's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Compass Diversified's market value can be influenced by many factors that don't directly affect Compass Diversified's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Compass Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Diversified'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.