CMPS Stock | | | USD 7.03 0.44 5.89% |
Compass Pathways financial indicator trend analysis is way more than just evaluating Compass Pathways Plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Compass Pathways Plc is a good investment. Please check the relationship between Compass Pathways Operating Income and its Total Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Compass Pathways Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Operating Income vs Total Operating Expenses
Operating Income vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Compass Pathways Plc Operating Income account and
Total Operating Expenses. At this time, the significance of the direction appears to have pay attention.
The correlation between Compass Pathways' Operating Income and Total Operating Expenses is -0.95. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Compass Pathways Plc, assuming nothing else is changed. The correlation between historical values of Compass Pathways' Operating Income and Total Operating Expenses 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 Pathways Plc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Operating Income i.e., Compass Pathways' Operating Income and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.95 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Operating Income
Operating Income is the amount of profit realized from Compass Pathways Plc 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 Pathways Plc 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.
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most indicators from Compass Pathways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Compass Pathways Plc 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 Pathways Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
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 Pathways fundamental ratios Correlations
Click cells to compare fundamentals
Compass Pathways Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Compass Pathways fundamental ratios Accounts
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.
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.
Pair CorrelationCorrelation MatchingAdditional 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.