Compass Current Deferred Revenue vs Total Assets Analysis
| CMP Stock | USD 13.04 0.42 3.33% |
Compass Minerals financial indicator trend analysis is way more than just evaluating Compass Minerals Int prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Compass Minerals Int is a good investment. Please check the relationship between Compass Minerals Current Deferred Revenue and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Minerals International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Current Deferred Revenue vs Total Assets
Current Deferred Revenue vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass Minerals Int Current Deferred Revenue account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Compass Minerals' Current Deferred Revenue and Total Assets is -0.08. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Assets in the same time period over historical financial statements of Compass Minerals International, assuming nothing else is changed. The correlation between historical values of Compass Minerals' Current Deferred Revenue and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Compass Minerals International are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Current Deferred Revenue i.e., Compass Minerals' Current Deferred Revenue and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Assets
Total assets refers to the total amount of Compass Minerals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Compass Minerals Int books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Compass Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Compass Minerals Int current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Minerals International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Compass Minerals' Tax Provision is relatively stable compared to the past year. As of 04/30/2024, Discontinued Operations is likely to grow to about 11.5 M, while Enterprise Value Over EBITDA is likely to drop 11.12.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 171.7M | 198M | 233.9M | 221.7M | Total Revenue | 836.6M | 1.2B | 1.2B | 1.1B |
Compass Minerals fundamental ratios Correlations
Click cells to compare fundamentals
Compass Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Compass Minerals fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Non Currrent Assets Other | 2.7M | 156.5M | (991.5M) | (63.4M) | (58.5M) | (55.6M) | |
| Other Assets | 102.8M | 175M | 108M | 43.7M | 100.5M | 59.4M | |
| Other Current Liab | 239.8M | 243.8M | (899.5M) | (949.9M) | 154M | 161.7M | |
| Other Liab | 206.6M | 241.4M | 165.6M | 159.9M | 179M | 107.5M | |
| Long Term Debt | 1.4B | 1.3B | 935.4M | 947.6M | 800.3M | 828.6M | |
| Intangible Assets | 115.9M | 627.4M | 48.8M | 45.4M | 120M | 193.7M | |
| Property Plant Equipment | 1.1B | 964.9M | 879.1M | 776.6M | 906.9M | 717.8M | |
| Property Plant And Equipment Gross | 1.1B | 1.0B | 964.9M | 1.8B | 2.0B | 2.1B | |
| Net Tangible Assets | 83.6M | 20.7M | 186.5M | 154.6M | 300.4M | 230.2M | |
| Retained Earnings Total Equity | 672.5M | 643.5M | 607.4M | 567.3M | 652.4M | 531.1M | |
| Long Term Debt Total | 1.4B | 1.3B | 939.7M | 949.7M | 1.1B | 976.5M | |
| Capital Surpluse | 117.1M | 127M | 136.3M | 152.1M | 174.9M | 101.7M | |
| Deferred Long Term Liab | 127M | 100.8M | 89.9M | 87.5M | 100.6M | 91.2M |
Compass Minerals Investors Sentiment
The influence of Compass Minerals' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Compass. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Compass Minerals' public news can be used to forecast risks associated with an investment in Compass. The trend in average sentiment can be used to explain how an investor holding Compass can time the market purely based on public headlines and social activities around Compass Minerals International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Compass Minerals' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Compass Minerals' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Compass Minerals' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Compass Minerals.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Compass Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Compass Minerals' short interest history, or implied volatility extrapolated from Compass Minerals options trading.
Pair Trading with Compass Minerals
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 Minerals 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 Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
| 0.82 | VALE | Vale SA ADR Aggressive Push | PairCorr |
Moving against Compass Stock
| 0.88 | EMX | EMX Royalty Corp Financial Report 20th of May 2024 | PairCorr |
| 0.82 | LZM | Lifezone Metals | PairCorr |
| 0.79 | FURY | Fury Gold Mines Financial Report 9th of May 2024 | PairCorr |
| 0.76 | NAK | Northern Dynasty Minerals Financial Report 10th of May 2024 | PairCorr |
| 0.76 | WRN | Western Copper Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Compass Minerals 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 Minerals 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 Minerals - 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 Minerals International to buy it.
The correlation of Compass Minerals 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 Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Minerals Int 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 Minerals 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 Minerals International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Compass Stock analysis
When running Compass Minerals' price analysis, check to measure Compass Minerals' 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 Minerals is operating at the current time. Most of Compass Minerals' value examination focuses on studying past and present price action to predict the probability of Compass Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Minerals' price. Additionally, you may evaluate how the addition of Compass Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Compass Minerals' 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 Minerals. 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 Minerals 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 (0.92) | Dividend Share 2.88 | Earnings Share (1.45) | Revenue Per Share 44.542 | Quarterly Revenue Growth (0.25) |
The market value of Compass Minerals Int 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 Minerals' value that differs from its market value or its book value, called intrinsic value, which is Compass Minerals' 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 Minerals' market value can be influenced by many factors that don't directly affect Compass Minerals' 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 Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Minerals' 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.