Compass Minerals Stock Forecast - Downside Deviation
| CMP Stock | USD 14.55 2.55 21.25% |
Compass Stock Forecast is based on your current time horizon. Although Compass Minerals' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Compass Minerals' systematic risk associated with finding meaningful patterns of Compass Minerals fundamentals over time.
Compass |
Open Interest Against 2024-12-20 Compass Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Compass Minerals' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Compass Minerals' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Compass Minerals stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Compass Minerals' open interest, investors have to compare it to Compass Minerals' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Compass Minerals is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Compass. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check Compass Minerals Volatility | Backtest Compass Minerals | Information Ratio |
Compass Minerals Trading Date Momentum
| On November 17 2024 Compass Minerals International was traded for 14.55 at the closing time. Highest Compass Minerals's price during the trading hours was 15.82 and the lowest price during the day was 11.88 . There was no trading activity during the period 0.0. Lack of trading volume on the 17th of November 2024 did not affect price variability. The overall trading delta to current price is 15.46% . |
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Other Forecasting Options for Compass Minerals
For every potential investor in Compass, whether a beginner or expert, Compass Minerals' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Compass Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Compass. Basic forecasting techniques help filter out the noise by identifying Compass Minerals' price trends.Compass Minerals Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Compass Minerals stock to make a market-neutral strategy. Peer analysis of Compass Minerals could also be used in its relative valuation, which is a method of valuing Compass Minerals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Compass Minerals Int Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Compass Minerals' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Compass Minerals' current price.| Cycle Indicators | ||
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| Momentum Indicators | ||
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| Volume Indicators |
Compass Minerals Market Strength Events
Market strength indicators help investors to evaluate how Compass Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Compass Minerals shares will generate the highest return on investment. By undertsting and applying Compass Minerals stock market strength indicators, traders can identify Compass Minerals International entry and exit signals to maximize returns.
Compass Minerals Risk Indicators
The analysis of Compass Minerals' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Compass Minerals' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting compass stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.58 | |||
| Semi Deviation | 2.85 | |||
| Standard Deviation | 5.25 | |||
| Variance | 27.59 | |||
| Downside Variance | 9.88 | |||
| Semi Variance | 8.15 | |||
| Expected Short fall | (4.77) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
Moving against Compass Stock
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.Additional 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.