Compx International Stock Market Value
| CIX Stock | USD 27.77 1.16 4.36% |
| Symbol | CompX |
CompX International Price To Book Ratio
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CompX International. If investors know CompX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CompX International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.40) | Dividend Share 1.15 | Earnings Share 1.5 | Revenue Per Share 12.236 | Quarterly Revenue Growth (0.17) |
The market value of CompX International is measured differently than its book value, which is the value of CompX that is recorded on the company's balance sheet. Investors also form their own opinion of CompX International's value that differs from its market value or its book value, called intrinsic value, which is CompX International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CompX International's market value can be influenced by many factors that don't directly affect CompX International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CompX International's value and its price as these two are different measures arrived at by different means. Investors typically determine if CompX International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CompX International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
CompX International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CompX International's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CompX International.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in CompX International on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding CompX International or generate 0.0% return on investment in CompX International over 60 days. CompX International is related to or competes with NL Industries, Eastern, CF Financial, and Bar Harbor. CompX International Inc. manufactures and sells security products and recreational marine components primarily in North ... More
CompX International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CompX International's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CompX International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.54 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 5.68 |
CompX International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CompX International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CompX International's standard deviation. In reality, there are many statistical measures that can use CompX International historical prices to predict the future CompX International's volatility.| Risk Adjusted Performance | 0.0213 | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0231 |
CompX International Backtested Returns
CompX International secures Sharpe Ratio (or Efficiency) of -0.0042, which signifies that the company had a -0.0042% return per unit of risk over the last 3 months. CompX International exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CompX International's Risk Adjusted Performance of 0.0213, mean deviation of 2.94, and Downside Deviation of 4.11 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.55, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CompX International will likely underperform. At this point, CompX International has a negative expected return of -0.017%. Please make sure to confirm CompX International's downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if CompX International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
CompX International has insignificant predictability. Overlapping area represents the amount of predictability between CompX International time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CompX International price movement. The serial correlation of 0.13 indicates that less than 13.0% of current CompX International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.12 |
CompX International lagged returns against current returns
Autocorrelation, which is CompX International stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CompX International's stock expected returns. We can calculate the autocorrelation of CompX International returns to help us make a trade decision. For example, suppose you find that CompX International has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CompX International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CompX International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CompX International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CompX International stock over time.
Current vs Lagged Prices |
| Timeline |
CompX International Lagged Returns
When evaluating CompX International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CompX International stock have on its future price. CompX International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CompX International autocorrelation shows the relationship between CompX International stock current value and its past values and can show if there is a momentum factor associated with investing in CompX International.
Regressed Prices |
| Timeline |
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When running CompX International's price analysis, check to measure CompX International's 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 CompX International is operating at the current time. Most of CompX International's value examination focuses on studying past and present price action to predict the probability of CompX International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CompX International's price. Additionally, you may evaluate how the addition of CompX International to your portfolios can decrease your overall portfolio volatility.