Compass Digital Acquisition Stock Return On Equity
| CDAQDelisted Stock | USD 10.74 0.00 0.00% |
Compass Digital Acquisition fundamentals help investors to digest information that contributes to Compass Digital's financial success or failures. It also enables traders to predict the movement of Compass Stock. The fundamental analysis module provides a way to measure Compass Digital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Compass Digital stock.
Compass |
Compass Digital Acquisition Company Return On Equity Analysis
Compass Digital's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Compass Digital Acquisition has a Return On Equity of 0.0. This is 100.0% lower than that of the Capital Markets sector and about the same as Financials (which currently averages 0.0) industry. The return on equity for all United States stocks is 100.0% lower than that of the firm.
Compass Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Compass Digital's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Compass Digital could also be used in its relative valuation, which is a method of valuing Compass Digital by comparing valuation metrics of similar companies.Compass Digital is currently under evaluation in return on equity category among its peers.
Compass Fundamentals
| Return On Asset | -0.0253 | ||||
| Current Valuation | 83.72 M | ||||
| Shares Outstanding | 5.68 M | ||||
| Shares Owned By Insiders | 43.43 % | ||||
| Shares Owned By Institutions | 91.53 % | ||||
| Number Of Shares Shorted | 452 | ||||
| Price To Book | 1.53 X | ||||
| EBITDA | (2.05 M) | ||||
| Net Income | 4.39 K | ||||
| Cash And Equivalents | 1.23 M | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 125 K | ||||
| Current Ratio | 13.89 X | ||||
| Book Value Per Share | (0.17) X | ||||
| Cash Flow From Operations | (1.18 K) | ||||
| Short Ratio | 0.02 X | ||||
| Earnings Per Share | (0.38) X | ||||
| Beta | 0.005 | ||||
| Market Capitalization | 83.68 M | ||||
| Total Asset | 55.43 M | ||||
| Retained Earnings | (1.37 M) | ||||
| Working Capital | 299.07 K | ||||
| Net Asset | 55.43 M |
About Compass Digital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Compass Digital Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Compass Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Compass Digital Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Compass Digital
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 Digital 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 Digital will appreciate offsetting losses from the drop in the long position's value.Moving against Compass Stock
| 0.5 | VMCA | Valuence Merger Corp | PairCorr |
| 0.42 | PWUPU | PowerUp Acquisition Corp | PairCorr |
| 0.35 | DPCS | DP Cap Acquisition | PairCorr |
| 0.35 | HHGCU | HHG Capital Corp | PairCorr |
| 0.32 | NOVVU | Nova Vision Acquisition | PairCorr |
The ability to find closely correlated positions to Compass Digital 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 Digital 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 Digital - 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 Digital Acquisition to buy it.
The correlation of Compass Digital 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 Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Digital Acqu 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 Digital 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Compass Stock
If you are still planning to invest in Compass Digital Acqu check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Compass Digital's history and understand the potential risks before investing.
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