Compass Minerals Correlations

CMP Stock

USD 21.99 -0.79 -3.47%

The current 90-days correlation between Compass Minerals and Nexa Resources SA is 0.4 (i.e., Very weak diversification).When Compass Minerals exhibits high correlation with a broad index, its returns are largely explained by market-wide movements rather than company-specific drivers.

Market Correlation Snapshot: Compass Minerals

Weak diversification

Across the chosen horizon, CMP and DJI show a correlation of 0.31 and fall into the Weak diversification bucket. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.

Build portfolio with Compass Stock

Compass Minerals has a market cap of 953.65 M, operating margin of 0.99%, ROE of 17.01%. Use Trending Equities to explore allocation context. The allocation includes a position in Compass Minerals International inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Compass Stock

0.64	MP	MP Materials Corp	Pair Corr
0.74	RHO	ROCHE HLDG	Pair Corr
0.69	LGLD	LG ELECTRONICS INC	Pair Corr
0.89	CVV	CanAlaska Uranium	Pair Corr
0.71	AAI	Alcoa	Pair Corr
0.66	DAL	Dalaroo Metals	Pair Corr
0.66	STE	Starr Peak Exploration	Pair Corr
0.65	RS6	RELIANCE STEEL AL	Pair Corr
0.82	FL	Frontier Lithium	Pair Corr
0.72	FURY	Fury Gold Mines Earnings Call Tomorrow	Pair Corr
0.9	BH5	BLUESCOPE STEEL	Pair Corr
0.73	LGO	Largo Resources Earnings Call Tomorrow	Pair Corr
0.73	FAN	Gaming Nation	Pair Corr
0.85	AMI	Aurelia Metals	Pair Corr

Moving against Compass Stock

0.73	W9C	Constellation Software	Pair Corr
0.72	EM7A	EMPEROR ENT HOTEL	Pair Corr
0.71	GEO	Empire Metals Limited	Pair Corr
0.5	AYT	Austin Metals	Pair Corr
0.5	FEAM	5E Advanced Materials	Pair Corr
0.41	UNH	UnitedHealth Group	Pair Corr
0.36	ERT	ELECTRONIC ARTS	Pair Corr
0.31	4BY	BYD ELECTRONIC	Pair Corr
0.45	GEO	Geodrill Limited	Pair Corr

Related Correlations Analysis

	NEXA	GTI	LAR	ABAT	NB	NMG	SGML	IAUX	ODC	GSM
NEXA		0.02	0.83	0.16	0.29	-0.19	0.14	0.77	0.71	0.59	NEXA
GTI	0.02		0.05	0.67	0.73	0.58	0.02	-0.28	-0.5	0.19	GTI
LAR	0.83	0.05		0.45	0.35	0.13	0.47	0.56	0.45	0.62	LAR
ABAT	0.16	0.67	0.45		0.77	0.78	0.44	-0.14	-0.42	0.43	ABAT
NB	0.29	0.73	0.35	0.77		0.6	0.22	-0.04	-0.29	0.38	NB
NMG	-0.19	0.58	0.13	0.78	0.6		0.27	-0.49	-0.69	0.0	NMG
SGML	0.14	0.02	0.47	0.44	0.22	0.27		0.12	-0.16	0.49	SGML
IAUX	0.77	-0.28	0.56	-0.14	-0.04	-0.49	0.12		0.85	0.65	IAUX
ODC	0.71	-0.5	0.45	-0.42	-0.29	-0.69	-0.16	0.85		0.39	ODC
GSM	0.59	0.19	0.62	0.43	0.38	0.0	0.49	0.65	0.39		GSM
	NEXA	GTI	LAR	ABAT	NB	NMG	SGML	IAUX	ODC	GSM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ODC	+ 0.85	IAUX
LAR	+ 0.83	NEXA
NMG	+ 0.78	ABAT
IAUX	+ 0.77	NEXA
NB	+ 0.77	ABAT
NB	+ 0.73	GTI

High negative correlations

ODC	- 0.69	NMG
ODC	- 0.5	GTI
IAUX	- 0.49	NMG
ODC	- 0.42	ABAT
ODC	- 0.29	NB
IAUX	- 0.28	GTI

Risk-Adjusted Indicators

Surface-level performance for Compass Stock can mask how the business actually stacks up against its competitive set. Risk-adjusted metrics allow investors to compare Compass Minerals' efficiency and downside exposure against peers in a more meaningful way. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEXA	3.85	0.61	0.10	0.21	4.82	-3.95	7.80	-9.02	27.27
GTI	8.61	0.46	0.04	-0.94	14.30	-9.66	19.74	-10.95	128.11
LAR	3.77	0.47	0.07	0.15	4.97	-3.97	8.81	-7.79	29.06
ABAT	4.57	-0.08	0.00	-0.11	0.00	0.00	10.26	-8.38	38.57
NB	4.77	-0.17	0.00	-1.78	0.00	0.00	9.52	-11.07	35.70
NMG	3.74	-0.10	0.00	-0.17	0.00	0.00	6.94	-10.70	21.79
SGML	5.99	0.35	0.03	0.07	7.06	-6.53	15.91	-13.89	41.08
IAUX	3.28	0.28	0.04	0.06	4.41	-3.73	6.38	-7.64	21.04
ODC	1.34	0.33	0.19	0.55	1.58	-1.35	3.18	-2.96	8.34
GSM	2.46	-0.03	0.00	-0.10	0.00	0.00	5.52	-5.47	15.15

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