Compass Income Before Tax from 2010 to 2024
| CMPS Stock | USD 6.91 0.56 7.50% |
Income Before Tax | First Reported 2010-12-31 | Previous Quarter -131.1 M | Current Value -124.5 M | Quarterly Volatility 43.3 M |
Check Compass Pathways financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Compass Pathways' main balance sheet or income statement drivers, such as Tax Provision of 501.9 K, Depreciation And Amortization of 230.8 K or Interest Expense of 3.5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.08. Compass financial statements analysis is a perfect complement when working with Compass Pathways Valuation or Volatility modules.
Compass | Income Before Tax |
Latest Compass Pathways' Income Before Tax Growth Pattern
Below is the plot of the Income Before Tax of Compass Pathways Plc over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Compass Pathways income statement and is an important metric when analyzing Compass Pathways Plc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is Compass Pathways' Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Compass Pathways' overall financial position and show how it may be relating to other accounts over time.
| Income Before Tax | 10 Years Trend |
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Income Before Tax |
| Timeline |
Compass Income Before Tax Regression Statistics
| Arithmetic Mean | (41,139,124) | |
| Coefficient Of Variation | (105.37) | |
| Mean Deviation | 36,376,432 | |
| Median | (13,219,000) | |
| Standard Deviation | 43,346,561 | |
| Sample Variance | 1878.9T | |
| Range | 117.8M | |
| R-Value | (0.83) | |
| Mean Square Error | 616.8T | |
| R-Squared | 0.70 | |
| Significance | 0.0001 | |
| Slope | (8,081,489) | |
| Total Sum of Squares | 26304.9T |
Compass Income Before Tax History
About Compass Pathways Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Compass Pathways income statement, its balance sheet, and the statement of cash flows. Compass Pathways investors use historical funamental indicators, such as Compass Pathways's Income Before Tax, to determine how well the company is positioned to perform in the future. Although Compass Pathways investors may use each financial statement separately, they are all related. The changes in Compass Pathways's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Compass Pathways's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Compass Pathways Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Compass Pathways. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Income Before Tax | -131.1 M | -124.5 M |
Pair Trading with Compass Pathways
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 Pathways 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 Pathways will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
| 0.93 | ABT | Abbott Laboratories Financial Report 18th of July 2024 | PairCorr |
Moving against Compass Stock
| 0.88 | AWCMY | Alumina Limited PK | PairCorr |
| 0.86 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.85 | BKLRF | Berkeley Energy | PairCorr |
| 0.85 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.84 | AWCMF | Alumina Limited | PairCorr |
The ability to find closely correlated positions to Compass Pathways 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 Pathways 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 Pathways - 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 Pathways Plc to buy it.
The correlation of Compass Pathways 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 Pathways moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Pathways 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 Pathways 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.Additional Tools for Compass Stock Analysis
When running Compass Pathways' price analysis, check to measure Compass Pathways' 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 Pathways is operating at the current time. Most of Compass Pathways' value examination focuses on studying past and present price action to predict the probability of Compass Pathways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Pathways' price. Additionally, you may evaluate how the addition of Compass Pathways to your portfolios can decrease your overall portfolio volatility.