CompoSecure Correlations

Stocks . USA . 
Stock . CompoSecure
CMPO Stock  USD 19.75  0.11  0.55%   
The current 90-days correlation between CompoSecure and Northwest Pipe is 0.69 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CompoSecure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CompoSecure moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CompoSecure Correlation With Market

Weak diversification

The correlation between CompoSecure and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompoSecure and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CompoSecure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
To learn how to invest in CompoSecure Stock, please use our How to Invest in CompoSecure guide.

Moving together with CompoSecure Stock

  0.77CMPOW CompoSecurePairCorr
  0.9NWPX Northwest PipePairCorr
  0.84PRLB Proto LabsPairCorr
  0.64TPCS TechPrecision CommonPairCorr
  0.82BZ Kanzhun Ltd ADRPairCorr

Moving against CompoSecure Stock

  0.75TG TredegarPairCorr
  0.75SGBX SG BlocksPairCorr
  0.69BV BrightView HoldingsPairCorr
  0.64MEC Mayville EngineeringPairCorr
  0.61ATI Allegheny TechnologiesPairCorr
  0.6ESAB ESAB CorpPairCorr
  0.51CRS Carpenter TechnologyPairCorr
  0.44CP Canadian Pacific RailwayPairCorr
  0.39AZ A2Z Smart TechnologiesPairCorr
  0.38AP Ampco PittsburghPairCorr
  0.37TRSG Tungray TechnologiesPairCorr
  0.35GIFI Gulf Island FabricationPairCorr
  0.67DE Deere CompanyPairCorr
  0.55HY Hyster Yale MaterialsPairCorr
  0.49OP OceanpalPairCorr
  0.45FA First Advantage CorpPairCorr
  0.42IR Ingersoll RandPairCorr
  0.37GP GreenPower MotorPairCorr
  0.33DLHC DLH Holdings CorpPairCorr

Related Correlations Analysis


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

SEAT
+ 0.6
ESAB
CRS
+ 0.58
GIFI
SEAT
+ 0.58
CRS
CRS
+ 0.47
ESAB
RSVR
+ 0.35
NWPX
SEAT
+ 0.32
GIFI
  

High negative correlations

SEAT
- 0.86
NWPX
NWPX
- 0.57
ESAB
CRS
- 0.38
NWPX
GIFI
- 0.22
NWPX
RSVR
- 0.17
SEAT

Risk-Adjusted Indicators

There is a big difference between CompoSecure Stock performing well and CompoSecure Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CompoSecure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

CompoSecure Corporate Management

Gregoire MaesChief OfficerProfile
Stacey GutmanChief OfficerProfile
Steven EsqGeneral SecretaryProfile
Timothy FitzsimmonsChief OfficerProfile
Anthony PiniellaHead CommunicationsProfile
Amanda GourbaultChief OfficerProfile
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