Compass Operating Income vs Net Income Analysis
CMPS Stock | USD 7.75 0.12 1.52% |
Compass PathwaysPlc financial indicator trend analysis is way more than just evaluating Compass PathwaysPlc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Compass PathwaysPlc is a good investment. Please check the relationship between Compass PathwaysPlc Operating Income and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass PathwaysPlc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Compass Stock please use our How to Invest in Compass PathwaysPlc guide.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass PathwaysPlc Operating Income account and Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Compass PathwaysPlc's Operating Income and Net Income is 1.0. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Compass PathwaysPlc, assuming nothing else is changed. The correlation between historical values of Compass PathwaysPlc's Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Compass PathwaysPlc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Compass PathwaysPlc's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from Compass PathwaysPlc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Compass PathwaysPlc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Compass PathwaysPlc financial statement analysis. It represents the amount of money remaining after all of Compass PathwaysPlc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Compass PathwaysPlc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Compass PathwaysPlc 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 PathwaysPlc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Compass Stock please use our How to Invest in Compass PathwaysPlc guide.Tax Provision is likely to gain to about 501.9 K in 2024, whereas Selling General Administrative is likely to drop slightly above 31.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 175K | 330K | 440K | 462K | Total Operating Expenses | 73.6M | 96.0M | 137.2M | 70.2M |
Compass PathwaysPlc fundamental ratios Correlations
Click cells to compare fundamentals
Compass PathwaysPlc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Compass PathwaysPlc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 32.4M | 203.5M | 300.9M | 197.3M | 276.0M | 190.0M | |
Other Current Liab | 52K | 4.1M | 268K | 9.3M | 10.2M | 10.7M | |
Total Current Liabilities | 23.9M | 6.9M | 15.1M | 15.6M | 19.6M | 15.2M | |
Total Stockholder Equity | (30.4M) | 196.6M | 284.4M | 181.3M | 225.7M | 154.6M | |
Net Tangible Assets | (30.4M) | 196.6M | 284.4M | 181.3M | 208.5M | 135.8M | |
Property Plant And Equipment Net | 218K | 245K | 4.1M | 2.6M | 4.7M | 5.0M | |
Net Debt | (3.9M) | (190.3M) | (269.6M) | (141.3M) | (187.6M) | (197.0M) | |
Retained Earnings | (37.6M) | (97.9M) | (169.6M) | (261.1M) | (379.6M) | (360.6M) | |
Accounts Payable | 1.3M | 2.7M | 2.6M | 4.8M | 5.9M | 3.3M | |
Cash | 25.0M | 190.3M | 273.2M | 143.2M | 220.6M | 160.5M | |
Non Current Assets Total | 218K | 1.1M | 5.6M | 5.6M | 14.7M | 15.4M | |
Cash And Short Term Investments | 25.0M | 190.3M | 273.2M | 143.2M | 220.6M | 160.5M | |
Net Receivables | 5.2M | 5.8M | 11.2M | 15.6M | 28.9M | 30.4M | |
Common Stock Shares Outstanding | 21.7M | 35.9M | 40.0M | 42.4M | 51.0M | 38.2M | |
Liabilities And Stockholders Equity | 32.4M | 203.5M | 300.9M | 197.3M | 276.0M | 190.0M | |
Inventory | 1.0M | (5.8M) | (10.8M) | (14.9M) | 1.0 | 1.05 | |
Other Current Assets | 952K | 12.0M | 21.6M | 47.7M | 11.7M | 17.3M | |
Other Stockholder Equity | (31.8M) | 279.5M | 444.8M | 458.9M | 621.6M | 325.8M | |
Total Liab | 62.8M | 6.9M | 16.5M | 16.0M | 50.2M | 25.8M | |
Net Invested Capital | (9.3M) | 196.6M | 284.4M | 181.3M | 254.5M | 163.7M | |
Property Plant And Equipment Gross | 218K | 245K | 398K | 2.6M | 4.7M | 5.0M | |
Total Current Assets | 32.2M | 202.4M | 295.3M | 191.7M | 261.3M | 185.0M | |
Accumulated Other Comprehensive Income | (98K) | 14.6M | 8.8M | (16.9M) | (16.9M) | (16.1M) | |
Capital Stock | 124K | 367K | 435K | 440K | 635K | 389.2K | |
Net Working Capital | 8.3M | 195.5M | 280.2M | 176.1M | 241.7M | 169.8M | |
Common Stock | 124K | 367K | 435K | 440K | 635.0K | 389.2K | |
Property Plant Equipment | 218K | 245K | 398K | 2.6M | 3.0M | 3.2M |
Pair Trading with Compass PathwaysPlc
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 PathwaysPlc 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 PathwaysPlc will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
0.66 | CVS | CVS Health Corp | PairCorr |
0.77 | VRAX | Virax Biolabs Group Fiscal Year End 12th of June 2024 | PairCorr |
0.79 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
Moving against Compass Stock
0.79 | RZLT | Rezolute Fiscal Year End 12th of September 2024 | PairCorr |
0.64 | NTRB | Nutriband Financial Report 14th of June 2024 | PairCorr |
0.52 | CRDL | Cardiol Therapeutics | PairCorr |
0.43 | INDP | Indaptus Therapeutics | PairCorr |
The ability to find closely correlated positions to Compass PathwaysPlc 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 PathwaysPlc 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 PathwaysPlc - 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 PathwaysPlc to buy it.
The correlation of Compass PathwaysPlc 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 PathwaysPlc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass PathwaysPlc 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 PathwaysPlc 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 PathwaysPlc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Compass Stock please use our How to Invest in Compass PathwaysPlc guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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Is Compass PathwaysPlc'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 PathwaysPlc. 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 PathwaysPlc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.30) | Return On Assets (0.34) | Return On Equity (0.62) |
The market value of Compass PathwaysPlc 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 PathwaysPlc's value that differs from its market value or its book value, called intrinsic value, which is Compass PathwaysPlc'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 PathwaysPlc's market value can be influenced by many factors that don't directly affect Compass PathwaysPlc'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 PathwaysPlc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass PathwaysPlc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass PathwaysPlc'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.