Compass Diversified Correlations

CODI-PB Preferred Stock

USD 20.57 0.01 0.05%

The current 90-days correlation between Compass Diversified and Cass Information Systems is 0.36 (i.e., Weak diversification). The correlation of Compass Diversified 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Compass Diversified Correlation With Market

Poor diversification

The correlation between Compass Diversified and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compass Diversified and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Compass Diversified 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 Diversified 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 Diversified - 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 Diversified to buy it.

Moving together with Compass Preferred Stock

0.98	HON	Honeywell International	Pair Corr
0.93	MSBHF	Mitsubishi Corp	Pair Corr
0.92	TYHOY	Toyota Tsusho Corp	Pair Corr
0.82	FJIKY	Fujikura Downward Rally	Pair Corr
0.93	MITSY	Mitsui Company	Pair Corr
0.91	MITSF	Mitsui Co	Pair Corr
0.88	ITOCF	ITOCHU	Pair Corr
0.81	SLF	Sun Life Financial	Pair Corr
0.65	NIHK	Video River Networks	Pair Corr
0.82	MAR	Marriott International	Pair Corr
0.63	CHTR	Charter Communications	Pair Corr
0.83	UOVEY	United Overseas Bank	Pair Corr
0.87	EDVMF	Endeavour Mining Corp Downward Rally	Pair Corr
0.89	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.8	MODG	Topgolf Callaway Brands Symbol Change	Pair Corr
0.64	MLEC	Moolec Science SA Earnings Call This Week	Pair Corr
0.8	CTRE	CareTrust REIT	Pair Corr
0.92	IDA	IDACORP	Pair Corr
0.95	NSKFF	Kongsberg Gruppen ASA	Pair Corr
0.71	YASKY	Yaskawa Electric Corp Downward Rally	Pair Corr
0.92	ABLZF	ABB	Pair Corr

Moving against Compass Preferred Stock

0.47	38141EZ28	GOLDMAN SACHS GROUP	Pair Corr
0.32	TDSGF	Telo Genomics Corp	Pair Corr

Related Correlations Analysis

	CASS	BXC	FBYD	FIP	TATT	ASC	CLCO	CVLG	TE	FWRD
CASS		0.46	-0.64	0.65	0.29	0.61	0.3	0.7	0.2	0.43	CASS
BXC	0.46		-0.79	0.64	0.5	0.22	0.75	0.67	0.53	0.88	BXC
FBYD	-0.64	-0.79		-0.87	-0.77	-0.59	-0.75	-0.9	-0.59	-0.65	FBYD
FIP	0.65	0.64	-0.87		0.75	0.67	0.62	0.87	0.58	0.58	FIP
TATT	0.29	0.5	-0.77	0.75		0.66	0.63	0.81	0.6	0.36	TATT
ASC	0.61	0.22	-0.59	0.67	0.66		0.26	0.78	0.03	0.03	ASC
CLCO	0.3	0.75	-0.75	0.62	0.63	0.26		0.69	0.6	0.68	CLCO
CVLG	0.7	0.67	-0.9	0.87	0.81	0.78	0.69		0.47	0.53	CVLG
TE	0.2	0.53	-0.59	0.58	0.6	0.03	0.6	0.47		0.64	TE
FWRD	0.43	0.88	-0.65	0.58	0.36	0.03	0.68	0.53	0.64		FWRD
	CASS	BXC	FBYD	FIP	TATT	ASC	CLCO	CVLG	TE	FWRD

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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

FWRD	+ 0.88	BXC
CVLG	+ 0.87	FIP
CVLG	+ 0.81	TATT
CVLG	+ 0.78	ASC
CLCO	+ 0.75	BXC
TATT	+ 0.75	FIP

High negative correlations

CVLG	- 0.9	FBYD
FIP	- 0.87	FBYD
FBYD	- 0.79	BXC
TATT	- 0.77	FBYD
CLCO	- 0.75	FBYD
FWRD	- 0.65	FBYD

Risk-Adjusted Indicators

There is a big difference between Compass Preferred Stock performing well and Compass Diversified 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 Compass Diversified'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CASS	1.19	0.13	0.09	0.20	1.34	(1.30)	2.40	(2.64)	6.77
BXC	2.38	0.03	0.01	0.01	2.66	(2.57)	5.95	(4.23)	16.08
FBYD	8.29	(1.00)	0.00	9.59	0.00	0.00	17.65	(15.74)	42.06
FIP	3.27	0.52	0.12	0.21	3.54	(3.57)	8.51	(7.30)	21.08
TATT	2.25	0.68	0.33	0.57	1.65	(2.74)	6.54	(3.28)	13.83
ASC	1.64	0.44	0.27	0.84	1.27	(1.98)	4.16	(2.62)	11.49
CLCO	0.28	0.01	0.02	2.89	0.37	(0.31)	0.62	(0.62)	2.26
CVLG	1.87	0.59	0.26	0.30	1.66	(2.08)	4.95	(4.03)	15.07
TE	6.18	1.20	0.18	3.02	6.29	(7.00)	13.53	(8.86)	32.87
FWRD	2.01	0.09	0.03	0.04	3.26	(1.84)	4.55	(5.32)	15.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compass Diversified without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Compass Diversified Corporate Management

Patrick Maciariello	Partner COO	Profile
Ke Ding	Director Accounting	Profile
Ryan Thorp	Principal	Profile
Carrie Ryan	Chief Counsel	Profile
Joseph CPA	CAO Fin	Profile
Zachary Sawtelle	Partner Team	Profile
Lucas Scholhamer	VP	Profile

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