Compass Selling General Administrative vs Depreciation And Amortization 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 Selling General Administrative and its Depreciation And Amortization 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.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass PathwaysPlc Selling General Administrative account and Depreciation And Amortization. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Compass PathwaysPlc's Selling General Administrative and Depreciation And Amortization is 0.59. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization 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 Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Compass PathwaysPlc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., Compass PathwaysPlc's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Selling General Administrative
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Compass PathwaysPlc's price analysis, check to measure Compass PathwaysPlc'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 PathwaysPlc is operating at the current time. Most of Compass PathwaysPlc's value examination focuses on studying past and present price action to predict the probability of Compass PathwaysPlc'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 PathwaysPlc's price. Additionally, you may evaluate how the addition of Compass PathwaysPlc to your portfolios can decrease your overall portfolio volatility.
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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.