Compass Diversified Holdings Stock Probability of Future Stock Price Finishing Over 21.44
| CODI Stock | USD 22.09 0.41 1.89% |
Closest to current price Compass long CALL Option Payoff at Expiration
Compass |
Compass Diversified Target Price Odds to finish over 21.44
The tendency of Compass Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 21.44 in 90 days |
| 22.09 | 90 days | 21.44 | roughly 97.0 |
Based on a normal probability distribution, the odds of Compass Diversified to stay above $ 21.44 in 90 days from now is roughly 97.0 (This Compass Diversified Holdings probability density function shows the probability of Compass Stock to fall within a particular range of prices over 90 days) . Probability of Compass Diversified price to stay between $ 21.44 and its current price of $22.09 at the end of the 90-day period is about 12.85 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.37 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Compass Diversified will likely underperform. Additionally Compass Diversified Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Compass Diversified Price Density |
| Price |
Predictive Modules for Compass Diversified
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Compass Diversified. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compass Diversified'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 Diversified Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Compass Diversified is not an exception. The market had few large corrections towards the Compass Diversified's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Compass Diversified Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Compass Diversified within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.1 | |
β | Beta against NYSE Composite | 1.37 | |
σ | Overall volatility | 0.74 | |
Ir | Information ratio | -0.05 |
Compass Diversified Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Compass Diversified for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Compass Diversified can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 2.06 B. Net Loss for the year was (38.74 M) with profit before overhead, payroll, taxes, and interest of 907.74 M. | |
| About 57.0% of the company shares are held by institutions such as insurance companies | |
| On 25th of April 2024 Compass Diversified paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Compass Diversified First Quarter 2024 Earnings Misses Expectations |
Compass Diversified Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Compass Stock often depends not only on the future outlook of the current and potential Compass Diversified's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Compass Diversified's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 72.1 M | |
| Cash And Short Term Investments | 450.5 M |
Compass Diversified Technical Analysis
Compass Diversified's future price can be derived by breaking down and analyzing its technical indicators over time. Compass Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Compass Diversified Holdings. In general, you should focus on analyzing Compass Stock price patterns and their correlations with different microeconomic environments and drivers.
Compass Diversified Predictive Forecast Models
Compass Diversified's time-series forecasting models is one of many Compass Diversified's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Compass Diversified's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Compass Diversified
Checking the ongoing alerts about Compass Diversified for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Compass Diversified help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 2.06 B. Net Loss for the year was (38.74 M) with profit before overhead, payroll, taxes, and interest of 907.74 M. | |
| About 57.0% of the company shares are held by institutions such as insurance companies | |
| On 25th of April 2024 Compass Diversified paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Compass Diversified First Quarter 2024 Earnings Misses Expectations |
Check out Compass Diversified Backtesting, Compass Diversified Valuation, Compass Diversified Correlation, Compass Diversified Hype Analysis, Compass Diversified Volatility, Compass Diversified History as well as Compass Diversified Performance. 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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 0.083 |
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.