Compass Diversified Preferred Stock Beta
CODI-PC Preferred Stock | USD 25.05 0.05 0.20% |
Compass Diversified fundamentals help investors to digest information that contributes to Compass Diversified's financial success or failures. It also enables traders to predict the movement of Compass Preferred Stock. The fundamental analysis module provides a way to measure Compass Diversified's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Compass Diversified preferred stock.
Compass |
Compass Diversified Company Beta Analysis
Compass Diversified's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Compass Diversified Beta | 1.71 |
Most of Compass Diversified's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Compass Diversified is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, Compass Diversified has a Beta of 1.7134. This is 25.07% higher than that of the Industrials sector and 80.36% higher than that of the Conglomerates industry. The beta for all United States preferred stocks is notably lower than that of the firm.
Compass Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Compass Diversified's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. 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 of similar companies.Compass Diversified is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Compass Diversified will likely underperform.
Compass Fundamentals
Return On Equity | 0.0469 | ||||
Return On Asset | 0.0354 | ||||
Profit Margin | 0.03 % | ||||
Operating Margin | 0.09 % | ||||
Current Valuation | 3.15 B | ||||
Shares Owned By Institutions | 19.87 % | ||||
Number Of Shares Shorted | 9.63 K | ||||
Revenue | 1.84 B | ||||
Gross Profit | 728.72 M | ||||
EBITDA | 307.87 M | ||||
Net Income | 24.86 M | ||||
Cash And Equivalents | 176.82 M | ||||
Cash Per Share | 2.72 X | ||||
Total Debt | 1.28 B | ||||
Debt To Equity | 0.58 % | ||||
Current Ratio | 2.82 X | ||||
Book Value Per Share | 12.02 X | ||||
Cash Flow From Operations | 134.05 M | ||||
Short Ratio | 1.05 X | ||||
Earnings Per Share | 0.86 X | ||||
Number Of Employees | 3.97 K | ||||
Beta | 1.71 | ||||
Total Asset | 3.14 B | ||||
Annual Yield | 0.08 % | ||||
Net Asset | 3.14 B | ||||
Last Dividend Paid | 1.0 |
About Compass Diversified Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Compass Diversified's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Compass Diversified using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Compass Diversified based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.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 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Diversified. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Compass Preferred 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.
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance |