Compass Total Operating Expenses vs Research Development Analysis

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 Total Operating Expenses and its Research Development 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.

Total Operating Expenses vs Research Development

Total Operating Expenses vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Compass Pathways Plc Total Operating Expenses account and Research Development. At this time, the significance of the direction appears to have totally related.

The correlation between Compass Pathways' Total Operating Expenses and Research Development is 0.99. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Research Development 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' Total Operating Expenses and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of Compass Pathways Plc are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Total Operating Expenses i.e., Compass Pathways' Total Operating Expenses and Research Development go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Research Development

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

Reconciled Depreciation Total Operating Expenses

Compass Pathways fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Common Stock
Total Assets		0.65	0.66	0.99	0.99	0.86	-0.98	-0.84	0.87	0.99	0.76	0.99	0.77	0.97	0.96	-0.79	-0.69	0.73	0.96	-0.59	1.0	0.65	1.0	0.96	1.0	0.96
Other Current Liab	0.65		0.53	0.63	0.6	0.76	-0.6	-0.92	0.87	0.58	0.87	0.58	0.9	0.7	0.8	-0.37	-0.34	0.67	0.78	-0.32	0.65	0.95	0.64	0.79	0.63	0.79
Total Current Liabilities	0.66	0.53		0.61	0.6	0.69	-0.58	-0.71	0.73	0.63	0.65	0.63	0.71	0.66	0.75	-0.43	-0.41	0.55	0.66	0.0	0.65	0.62	0.66	0.69	0.61	0.69
Total Stockholder Equity	0.99	0.63	0.61		1.0	0.82	-0.98	-0.8	0.84	0.99	0.71	0.99	0.72	0.97	0.94	-0.84	-0.73	0.75	0.95	-0.66	1.0	0.6	1.0	0.94	1.0	0.94
Net Tangible Assets	0.99	0.6	0.6	1.0		0.8	-0.98	-0.77	0.83	0.99	0.68	0.99	0.69	0.96	0.93	-0.86	-0.76	0.76	0.94	-0.68	0.99	0.56	0.99	0.93	1.0	0.93
Property Plant And Equipment Net	0.86	0.76	0.69	0.82	0.8		-0.84	-0.94	0.82	0.83	0.95	0.83	0.94	0.82	0.88	-0.46	-0.44	0.64	0.88	-0.31	0.84	0.86	0.85	0.88	0.84	0.88
Net Debt	-0.98	-0.6	-0.58	-0.98	-0.98	-0.84		0.79	-0.77	-0.99	-0.73	-0.99	-0.73	-0.91	-0.9	0.8	0.67	-0.69	-0.9	0.69	-0.98	-0.6	-0.98	-0.9	-0.98	-0.9
Retained Earnings	-0.84	-0.92	-0.71	-0.8	-0.77	-0.94	0.79		-0.93	-0.79	-0.97	-0.79	-0.98	-0.84	-0.92	0.47	0.43	-0.69	-0.91	0.32	-0.83	-0.96	-0.83	-0.92	-0.81	-0.92
Accounts Payable	0.87	0.87	0.73	0.84	0.83	0.82	-0.77	-0.93		0.81	0.83	0.81	0.87	0.93	0.97	-0.61	-0.57	0.76	0.95	-0.35	0.87	0.84	0.86	0.96	0.84	0.96
Cash	0.99	0.58	0.63	0.99	0.99	0.83	-0.99	-0.79	0.81		0.72	1.0	0.72	0.95	0.93	-0.8	-0.67	0.68	0.93	-0.61	0.99	0.58	1.0	0.93	1.0	0.93
Non Current Assets Total	0.76	0.87	0.65	0.71	0.68	0.95	-0.73	-0.97	0.83	0.72		0.72	0.99	0.73	0.83	-0.29	-0.23	0.52	0.82	-0.19	0.74	0.97	0.75	0.84	0.73	0.84
Cash And Short Term Investments	0.99	0.58	0.63	0.99	0.99	0.83	-0.99	-0.79	0.81	1.0	0.72		0.72	0.95	0.93	-0.8	-0.67	0.68	0.93	-0.61	0.99	0.58	1.0	0.93	1.0	0.93
Net Receivables	0.77	0.9	0.71	0.72	0.69	0.94	-0.73	-0.98	0.87	0.72	0.99	0.72		0.75	0.86	-0.33	-0.28	0.58	0.83	-0.21	0.75	0.98	0.76	0.86	0.74	0.86
Common Stock Total Equity	0.97	0.7	0.66	0.97	0.96	0.82	-0.91	-0.84	0.93	0.95	0.73	0.95	0.75		0.98	-0.8	-0.73	0.79	0.99	-0.55	0.97	0.66	0.97	0.98	0.97	0.98
Common Stock Shares Outstanding	0.96	0.8	0.75	0.94	0.93	0.88	-0.9	-0.92	0.97	0.93	0.83	0.93	0.86	0.98		-0.72	-0.64	0.77	0.99	-0.47	0.96	0.78	0.96	0.99	0.95	0.99
Non Current Liabilities Total	-0.79	-0.37	-0.43	-0.84	-0.86	-0.46	0.8	0.47	-0.61	-0.8	-0.29	-0.8	-0.33	-0.8	-0.72		0.94	-0.83	-0.72	0.84	-0.81	-0.21	-0.8	-0.68	-0.81	-0.68
Inventory	-0.69	-0.34	-0.41	-0.73	-0.76	-0.44	0.67	0.43	-0.57	-0.67	-0.23	-0.67	-0.28	-0.73	-0.64	0.94		-0.91	-0.66	0.75	-0.7	-0.19	-0.69	-0.59	-0.7	-0.59
Other Current Assets	0.73	0.67	0.55	0.75	0.76	0.64	-0.69	-0.69	0.76	0.68	0.52	0.68	0.58	0.79	0.77	-0.83	-0.91		0.77	-0.66	0.74	0.54	0.73	0.72	0.72	0.72
Other Stockholder Equity	0.96	0.78	0.66	0.95	0.94	0.88	-0.9	-0.91	0.95	0.93	0.82	0.93	0.83	0.99	0.99	-0.72	-0.66	0.77		-0.5	0.96	0.76	0.96	0.99	0.96	0.99
Total Liab	-0.59	-0.32	0.0	-0.66	-0.68	-0.31	0.69	0.32	-0.35	-0.61	-0.19	-0.61	-0.21	-0.55	-0.47	0.84	0.75	-0.66	-0.5		-0.61	-0.13	-0.6	-0.45	-0.63	-0.45
Net Invested Capital	1.0	0.65	0.65	1.0	0.99	0.84	-0.98	-0.83	0.87	0.99	0.74	0.99	0.75	0.97	0.96	-0.81	-0.7	0.74	0.96	-0.61		0.63	1.0	0.96	1.0	0.96
Property Plant And Equipment Gross	0.65	0.95	0.62	0.6	0.56	0.86	-0.6	-0.96	0.84	0.58	0.97	0.58	0.98	0.66	0.78	-0.21	-0.19	0.54	0.76	-0.13	0.63		0.63	0.78	0.62	0.78
Total Current Assets	1.0	0.64	0.66	1.0	0.99	0.85	-0.98	-0.83	0.86	1.0	0.75	1.0	0.76	0.97	0.96	-0.8	-0.69	0.73	0.96	-0.6	1.0	0.63		0.95	1.0	0.95
Capital Stock	0.96	0.79	0.69	0.94	0.93	0.88	-0.9	-0.92	0.96	0.93	0.84	0.93	0.86	0.98	0.99	-0.68	-0.59	0.72	0.99	-0.45	0.96	0.78	0.95		0.95	1.0
Net Working Capital	1.0	0.63	0.61	1.0	1.0	0.84	-0.98	-0.81	0.84	1.0	0.73	1.0	0.74	0.97	0.95	-0.81	-0.7	0.72	0.96	-0.63	1.0	0.62	1.0	0.95		0.95
Common Stock	0.96	0.79	0.69	0.94	0.93	0.88	-0.9	-0.92	0.96	0.93	0.84	0.93	0.86	0.98	0.99	-0.68	-0.59	0.72	0.99	-0.45	0.96	0.78	0.95	1.0	0.95

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Compass Pathways Account Relationship Matchups

Compass Pathways 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 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

0.85	DH	Definitive Healthcare	Pair Corr
0.94	ABT	Abbott Laboratories Sell-off Trend	Pair Corr

Moving against Compass Stock

0.8	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.71	WGS	GeneDx Holdings Corp Trending	Pair Corr
0.49	GCTK	GlucoTrack	Pair Corr

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 Correlation Correlation Matching

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.

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