Compass Group Plc Stock Market Value
| CMPGY Stock | USD 26.90 0.24 0.90% |
| Symbol | Compass |
Compass Group '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 Group's pink sheet 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 Group.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Compass Group on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Compass Group PLC or generate 0.0% return on investment in Compass Group over 30 days. Compass Group is related to or competes with McDonalds, Chuys Holdings, Brinker International, Bloomin Brands, FAT Brands, Red Robin, and Carrols Restaurant. Compass Group PLC operates as a food and support services company in North America, Europe, and internationally More
Compass Group 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 Group's pink sheet 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 Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.35 |
Compass Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compass Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compass Group's standard deviation. In reality, there are many statistical measures that can use Compass Group historical prices to predict the future Compass Group's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Compass Group'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 Group PLC Backtested Returns
Compass Group PLC secures Sharpe Ratio (or Efficiency) of -0.0473, which signifies that the company had a -0.0473% return per unit of risk over the last 3 months. Compass Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compass Group's Risk Adjusted Performance of (0.03), mean deviation of 0.8455, and Standard Deviation of 1.08 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Compass Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Compass Group is expected to be smaller as well. Compass Group PLC has an expected return of -0.051%. Please make sure to confirm Compass Group PLC standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Compass Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Compass Group PLC has poor reverse predictability. Overlapping area represents the amount of predictability between Compass Group time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. 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 Group PLC price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Compass Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Compass Group PLC lagged returns against current returns
Autocorrelation, which is Compass Group pink sheet'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 Group's pink sheet expected returns. We can calculate the autocorrelation of Compass Group returns to help us make a trade decision. For example, suppose you find that Compass Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Group 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 Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compass Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compass Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Compass Group Lagged Returns
When evaluating Compass Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compass Group pink sheet have on its future price. Compass Group 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 Group autocorrelation shows the relationship between Compass Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Compass Group PLC.
Regressed Prices |
| Timeline |
Pair Trading with Compass Group
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 Group 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 Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Pink Sheet
| 0.66 | CMPGF | Compass Group PLC | PairCorr |
Moving against Compass Pink Sheet
| 0.41 | COCXF | Chocoladefabriken Lindt | PairCorr |
The ability to find closely correlated positions to Compass Group 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 Group 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 Group - 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 Group PLC to buy it.
The correlation of Compass Group 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 Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Group PLC 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 Group 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 Compass Group Correlation, Compass Group Volatility and Compass Group Alpha and Beta module to complement your research on Compass Group. Note that the Compass Group PLC information on this page should be used as a complementary analysis to other Compass Group'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Compass Pink Sheet analysis
When running Compass Group's price analysis, check to measure Compass Group'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 Group is operating at the current time. Most of Compass Group's value examination focuses on studying past and present price action to predict the probability of Compass Group'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 Group's price. Additionally, you may evaluate how the addition of Compass Group to your portfolios can decrease your overall portfolio volatility.
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Compass Group technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.