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HCM III Acquisition Corp. Class A Ordinary Share

HCMA Real Time Price USD
N/A
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...
Overview
Financials
Forecast
Insiders
Institutions
Compensation
Government
Ownership
News
Income
Balance Sheet
Cash Flow
Revenue Breakdown

Recent trades of HCMA by members of U.S. Congress

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No Congress Trading data for this ticker

Congress Trading Dashboard
HCMA Stock Insider Trading Activity Follow @QuiverQuant for major insider updates

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Closing Price
Purchase
Sale
Name
Type
Shares
Price
Shares Held
Date
Reported
HCMA Stock Institutional Owners
Investor
Shares
Change in Shares
Market Value
Date
Reported
HCMA Derivatives Institutional Owners
Investor
Type
Shares
Change in Shares
Market Value
Date
Reported

Recently reported changes in HCMA holdings by institutional investors

Quarterly net insider trading by HCMA's directors and management

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No recent Insider Trading for this ticker

Insider Trading Dashboard

* Insider trading data parsed from SEC Form 4 filings by Quiver Quantitative. Sign up for the Quiver API for real-time access.

About

Backtest Start Date
CAGR (Total)
Return (30d)
Return (1Y)
  • 1M
  • 3M
  • 6M
  • YTD
  • 1Y
  • 2Y
  • 5Y
  • MAX

About

Backtest Start Date

Key Metrics

Return (1d)

Return (30d)

Return (1Y)

CAGR (Total)

Max Drawdown

Beta

Alpha

Sharpe Ratio

Win Rate

Average Win

Average Loss

Annual Volatility

Annual Std Dev

Information Ratio

Treynor Ratio

Total Trades

Show More
Metrics Definitions

Disclaimer: The performance results shown are based on historical backtesting and are hypothetical in nature. Backtested performance does not represent actual trading and does not account for all market factors that may affect execution, such as liquidity, slippage, and changing market conditions. Past performance is not necessarily indicative of future results. There is no guarantee that any trading strategy will be profitable or avoid losses.

  • Alpha

    Measures a portfolio's risk-adjusted performance against that of its benchmark

    Learn More about Alpha
  • Annual Standard Deviation

    Measures how much the portfolio's total return varies from its mean or average.

    Learn More about Annual Standard Deviation
  • Annual Volatility

    A statistical measure of the dispersion of returns for the portfolio.

    Learn More about Annual Volatility
  • Average Win

    The average return (%) for trades that resulted in a positive return.

  • Average Loss

    The average return (%) for trades that resulted in a negative return.

  • Beta

    A measure of the volatility of the portfolio compared to the market as a whole.

    Learn More about Beta
  • CAGR

    CAGR (Compounded Annual Growth Rate), is the historical annualized rate of return for an investment strategy, throughout the backtest period.

    Learn More about CAGR
  • Information Ratio

    A measurement of portfolio returns beyond the returns of its benchmark compared to the volatility of those returns.

    Learn More about Information Ratio
  • Max Drawdown

    the maximum observed loss from a peak to a trough of a portfolio, before a new peak is attained.

    Learn More about Max Drawdown
  • Sharpe Ratio

    The Sharpe Ratio is a measure of historical risk-adjusted return, which quantifies the amount of return that an investor received per unit of risk.

    Learn More about Sharpe Ratio
  • Total Trades

    The total number of trades made by this strategy.

  • Treynor Ratio

    Attempts to measure how successful an investment is in providing compensation to investors for taking on investment risk.

    Learn More about Treynor Ratio
  • Win Rate

    The percentage of total trades that resulted in a positive return.

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Government lobbying spending instances

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No Corporate Lobbying instances for this ticker

Corporate Lobbying Dashboard

Former government officials who have lobbied for HCMA

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No former government officials on record as having lobbied for HCMA

Revolving Door Dashboard

HCMA Estimated quarterly lobbying spending

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No Corporate Lobbying data for this ticker

Corporate Lobbying Dashboard

HCMA Revenue by Segment or Geography

By Segment
By Geography
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No Revenue by Segment data for this ticker

Revenue Breakdown Dashboard
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No Revenue by Geography data for this ticker

Revenue Breakdown Dashboard
HCMA Income Statement
HCMA Balance Sheet
HCMA Cash Flow
U.S. Patents

New HCMA patent grants

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No new patents for this ticker

U.S. Patents Dashboard
Government Contracts

Federal grants, loans, and purchases

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No Government Contracts for this ticker

Government Contracts Dashboard
Government Contracts

Estimated quarterly amount awarded to HCMA from public contracts

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No recent Government Contracts for this ticker

Government Contracts Dashboard
HCMA News

Recent insights relating to HCMA

CNBC Recommendations

Recent picks made for HCMA stock on CNBC

Top ETF Holders

ETFs with the largest estimated holdings in HCMA

HCMA Analyst Ratings

HCMA Stock Forecasts
...

  • ... Highest Price Target
  • ... Median Price Target
  • ... Lowest Price Target
HCMA Analyst Forecasts
Analyst
Firm
Current
Previous
Date
Frequently Asked Questions
  • Is $HCMA stock a Buy, Sell, or Hold?

  • What is the price target for $HCMA stock?

* Analyst consensus is not financial advice. Please see our data disclaimers .

HCMA Top Shareholders
Shareholder
Shares Held
HCMA Options Owners
Shareholder
Security
Underlying Shares
Frequently Asked Questions
  • Who owns $HCMA stock?

  • Who owns the most shares of $HCMA stock?

  • What funds own $HCMA stock?

* These are estimates based on data taken from SEC filings. There may be inaccuracies due to parsing errors, accidental double-counting, incorrect classification of indirectly owned shares, or any other number of issues.

HCMA Stock Smart Score

The Quiver Smart Score combines our data on Congress Trading, Lobbying, Insider Trading, CNBC Mentions and more to provide a comprehensive view of the strength of a stock's underlying data.

The Smart Score grades stocks on a scale of 1 (weakest) to 10 (strongest) based on the strength of the underlying data.
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Sign Up to view HCMA Smart Score

Score Breakdown
Bull Case vs Bear Case

See concise summaries of analyst reports, presenting both bullish and bearish arguments for a stock.

Example:

Bulls Say:

The Bulls Say summary highlights positive aspects of the stock.

Bears Say:

The Bears Say summary points out potential risks and negative aspects of the stock.

Show More
About HCMA

HCM III Acquisition Corp is a blank check company.

  • Address Stamford, CT
  • Market Cap 347.5 million
  • Employees 2
  • Industrial Classification Blank Checks

HCM III Acquisition Corp. Class A Ordinary Share (HCMA) Historical Stock Prices

HCM III Acquisition Corp. Class A Ordinary Share (HCMA) closed at $10.30 on September 23, 2026. Over the past year its adjusted close ranged from $10.04 to $10.34. Daily prices go back to January 21, 2022, 385 trading days in all.

  • 1 month+0.05%
  • 3 months+0.49%
  • Year to date+2.59%
  • 1 year+1.98%
  • 3 years+1.78%
  • 5 years
  • Max+3.10%
See every congressional and insider trade on the HCMA price chart

Quiver Premium charts HCMA's full daily history since 2014 with each congressional purchase and sale and every open-market insider purchase marked on the price line, with hover details for each trade.

Upgrade to Premium

Last 12 months, newest first

Access Raw Data Daily prices since 2014 for every ticker, through the Quiver API
DateOpenHighLowCloseAdj. CloseVolume
Sep 23, 2026 10.30 10.32 10.30 10.30 10.30 16,107
Sep 22, 2026 10.29 10.30 10.29 10.29 10.29 41,106
Sep 21, 2026 10.30 10.30 10.30 10.30 10.30 2,008
Sep 17, 2026 10.29 10.32 10.29 10.32 10.32 1,181
Sep 10, 2026 10.29 10.32 10.29 10.32 10.32 3,713
Sep 9, 2026 10.32 10.32 10.32 10.32 10.32 191
Sep 8, 2026 10.28 10.30 10.28 10.29 10.29 271,211
Sep 4, 2026 10.29 10.29 10.28 10.28 10.28 20,080
Sep 1, 2026 10.29 10.29 10.29 10.29 10.29 155,099
Aug 27, 2026 10.29 10.29 10.29 10.29 10.29 10,224
Aug 26, 2026 10.29 10.29 10.29 10.29 10.29 10,800
Aug 19, 2026 10.28 10.30 10.28 10.29 10.29 6,522
Aug 14, 2026 10.31 10.32 10.31 10.32 10.32 32,908
Aug 11, 2026 10.28 10.28 10.28 10.28 10.28 107
Aug 10, 2026 10.28 10.28 10.28 10.28 10.28 109
Aug 7, 2026 10.28 10.28 10.28 10.28 10.28 148
Aug 6, 2026 10.27 10.27 10.27 10.27 10.27 106
Aug 5, 2026 10.27 10.27 10.27 10.27 10.27 113
Aug 4, 2026 10.27 10.27 10.27 10.27 10.27 50,005
Aug 3, 2026 10.27 10.27 10.27 10.27 10.27 1,071
Jul 31, 2026 10.27 10.29 10.27 10.29 10.29 50,110
Jul 28, 2026 10.27 10.30 10.27 10.30 10.30 19,142
Jul 27, 2026 10.27 10.27 10.27 10.27 10.27 4,168
Jul 21, 2026 10.27 10.28 10.27 10.28 10.28 1,171
Jul 15, 2026 10.32 10.32 10.32 10.32 10.32 125,110
Jul 8, 2026 10.28 10.32 10.28 10.32 10.32 437
Jul 7, 2026 10.33 10.33 10.33 10.33 10.33 995
Jul 6, 2026 10.33 10.33 10.33 10.33 10.33 3,291
Jul 2, 2026 10.26 10.30 10.26 10.30 10.30 21,205
Jul 1, 2026 10.26 10.26 10.26 10.26 10.26 518
Jun 30, 2026 10.28 10.28 10.27 10.28 10.28 31,063
Jun 29, 2026 10.28 10.30 10.28 10.28 10.28 6,747
Jun 26, 2026 10.28 10.30 10.28 10.29 10.29 13,108
Jun 25, 2026 10.28 10.29 10.27 10.29 10.29 62,818
Jun 24, 2026 10.25 10.25 10.24 10.25 10.25 46,000
Jun 22, 2026 10.26 10.26 10.25 10.25 10.25 7,228
Jun 18, 2026 10.27 10.28 10.25 10.28 10.28 5,732
Jun 17, 2026 10.27 10.28 10.27 10.28 10.28 3,485
Jun 16, 2026 10.26 10.28 10.26 10.28 10.28 1,207
Jun 15, 2026 10.26 10.28 10.25 10.28 10.28 40,441
Jun 12, 2026 10.26 10.26 10.24 10.26 10.26 388,342
Jun 11, 2026 10.25 10.25 10.25 10.25 10.25 25,101
Jun 10, 2026 10.25 10.25 10.24 10.24 10.24 1,671
Jun 8, 2026 10.26 10.26 10.26 10.26 10.26 5,032
Jun 5, 2026 10.26 10.27 10.26 10.26 10.26 8,050
Jun 4, 2026 10.26 10.26 10.26 10.26 10.26 393
Jun 3, 2026 10.26 10.28 10.26 10.26 10.26 16,779
Jun 2, 2026 10.27 10.27 10.26 10.26 10.26 336,983
Jun 1, 2026 10.28 10.28 10.27 10.28 10.28 5,580
May 29, 2026 10.26 10.27 10.26 10.27 10.27 468,373
May 28, 2026 10.25 10.25 10.25 10.25 10.25 5,007
May 27, 2026 10.24 10.25 10.24 10.25 10.25 10,028
May 26, 2026 10.23 10.25 10.23 10.24 10.24 158,138
May 22, 2026 10.19 10.22 10.19 10.22 10.22 38,955
May 21, 2026 10.16 10.20 10.16 10.19 10.19 73,448
May 20, 2026 10.15 10.16 10.15 10.16 10.16 67,663
May 19, 2026 10.15 10.15 10.15 10.15 10.15 21,000
May 18, 2026 10.15 10.15 10.15 10.15 10.15 131,017
May 14, 2026 10.15 10.15 10.15 10.15 10.15 6,492
May 13, 2026 10.15 10.15 10.14 10.14 10.14 4,805
May 12, 2026 10.15 10.16 10.15 10.15 10.15 15,689
May 11, 2026 10.15 10.15 10.15 10.15 10.15 2,035
May 8, 2026 10.15 10.15 10.15 10.15 10.15 5,031
May 6, 2026 10.14 10.14 10.14 10.14 10.14 3,451
May 5, 2026 10.16 10.16 10.15 10.15 10.15 210
May 4, 2026 10.15 10.15 10.15 10.15 10.15 136
Apr 30, 2026 10.15 10.15 10.14 10.14 10.14 16,405
Apr 29, 2026 10.15 10.15 10.14 10.15 10.15 9,793
Apr 28, 2026 10.15 10.16 10.15 10.15 10.15 10,032
Apr 27, 2026 10.14 10.15 10.13 10.15 10.15 19,214
Apr 24, 2026 10.14 10.15 10.14 10.15 10.15 956
Apr 23, 2026 10.14 10.14 10.14 10.14 10.14 158
Apr 22, 2026 10.13 10.14 10.12 10.14 10.14 34,647
Apr 21, 2026 10.14 10.14 10.12 10.13 10.13 12,256
Apr 20, 2026 10.13 10.14 10.13 10.14 10.14 1,372
Apr 17, 2026 10.12 10.13 10.12 10.13 10.13 733
Apr 16, 2026 10.12 10.12 10.11 10.12 10.12 2,268
Apr 15, 2026 10.11 10.11 10.11 10.11 10.11 175
Apr 14, 2026 10.11 10.12 10.11 10.12 10.12 18,211
Apr 13, 2026 10.12 10.12 10.09 10.10 10.10 12,756
Apr 10, 2026 10.11 10.13 10.11 10.13 10.13 4,196
Apr 9, 2026 10.10 10.11 10.10 10.11 10.11 4,311
Apr 8, 2026 10.10 10.10 10.10 10.10 10.10 1,285
Apr 7, 2026 10.09 10.09 10.08 10.09 10.09 10,214
Apr 6, 2026 10.09 10.09 10.09 10.09 10.09 102
Mar 31, 2026 10.08 10.08 10.08 10.08 10.08 117
Mar 30, 2026 10.12 10.12 10.08 10.08 10.08 4,422
Mar 27, 2026 10.09 10.09 10.09 10.09 10.09 2,117
Mar 26, 2026 10.09 10.09 10.09 10.09 10.09 1,001
Mar 25, 2026 10.09 10.09 10.09 10.09 10.09 108
Mar 24, 2026 10.10 10.10 10.09 10.10 10.10 28,159
Mar 23, 2026 10.11 10.11 10.10 10.10 10.10 10,697
Mar 20, 2026 10.13 10.13 10.11 10.11 10.11 1,163
Mar 19, 2026 10.12 10.12 10.11 10.11 10.11 3,806
Mar 18, 2026 10.11 10.11 10.10 10.10 10.10 11,068
Mar 17, 2026 10.11 10.11 10.10 10.11 10.11 7,071
Mar 16, 2026 10.12 10.13 10.11 10.12 10.12 10,990
Mar 13, 2026 10.11 10.12 10.11 10.12 10.12 3,216
Mar 12, 2026 10.11 10.11 10.11 10.11 10.11 106
Mar 11, 2026 10.10 10.11 10.10 10.11 10.11 311
Mar 10, 2026 10.12 10.13 10.10 10.10 10.10 1,540
Mar 9, 2026 10.13 10.13 10.11 10.11 10.11 2,308
Mar 6, 2026 10.13 10.13 10.13 10.13 10.13 400
Mar 4, 2026 10.14 10.14 10.12 10.12 10.12 12,249
Mar 3, 2026 10.16 10.16 10.12 10.13 10.13 57,164
Mar 2, 2026 10.15 10.15 10.15 10.15 10.15 598
Feb 27, 2026 10.15 10.15 10.14 10.14 10.14 768
Feb 26, 2026 10.14 10.14 10.14 10.14 10.14 161
Feb 25, 2026 10.14 10.14 10.14 10.14 10.14 133
Feb 24, 2026 10.14 10.14 10.14 10.14 10.14 9,221
Feb 23, 2026 10.13 10.14 10.13 10.14 10.14 7,801
Feb 20, 2026 10.13 10.13 10.12 10.13 10.13 13,878
Feb 19, 2026 10.16 10.16 10.12 10.14 10.14 51,989
Feb 18, 2026 10.14 10.17 10.14 10.15 10.15 125,680
Feb 17, 2026 10.19 10.19 10.12 10.14 10.14 379,161
Feb 13, 2026 10.21 10.21 10.19 10.21 10.21 43,625
Feb 12, 2026 10.21 10.21 10.20 10.20 10.20 22,337
Feb 11, 2026 10.22 10.22 10.19 10.20 10.20 7,706
Feb 10, 2026 10.19 10.20 10.19 10.20 10.20 19,912
Feb 6, 2026 10.19 10.20 10.19 10.20 10.20 452,198
Feb 5, 2026 10.20 10.20 10.18 10.18 10.18 2,398
Feb 4, 2026 10.21 10.21 10.20 10.20 10.20 3,486
Feb 3, 2026 10.20 10.21 10.20 10.20 10.20 3,541
Feb 2, 2026 10.20 10.20 10.19 10.19 10.19 153,882
Jan 30, 2026 10.20 10.21 10.20 10.20 10.20 10,906
Jan 29, 2026 10.19 10.21 10.18 10.20 10.20 97,751
Jan 28, 2026 10.13 10.20 10.12 10.19 10.19 409,587
Jan 27, 2026 10.15 10.18 10.15 10.18 10.18 103,006
Jan 23, 2026 10.13 10.15 10.13 10.15 10.15 25,901
Jan 22, 2026 10.10 10.13 10.09 10.12 10.12 332,458
Jan 21, 2026 10.07 10.12 10.06 10.08 10.08 35,516
Jan 20, 2026 10.07 10.10 10.06 10.07 10.07 12,437
Jan 16, 2026 10.10 10.10 10.07 10.09 10.09 14,153
Jan 15, 2026 10.07 10.09 10.07 10.09 10.09 15,323
Jan 14, 2026 10.05 10.07 10.05 10.07 10.07 36,112
Jan 13, 2026 10.06 10.08 10.03 10.06 10.06 152,388
Jan 12, 2026 10.06 10.09 10.05 10.08 10.08 23,792
Jan 8, 2026 10.10 10.11 10.06 10.08 10.08 47,374
Jan 7, 2026 10.09 10.09 10.07 10.07 10.07 221
Jan 6, 2026 10.07 10.08 10.07 10.08 10.08 51,250
Jan 5, 2026 10.05 10.08 10.05 10.07 10.07 437,622
Jan 2, 2026 10.04 10.07 10.04 10.07 10.07 4,365
Dec 31, 2025 10.05 10.05 10.04 10.04 10.04 28,503
Dec 30, 2025 10.07 10.09 10.05 10.07 10.07 117,102
Dec 29, 2025 10.07 10.07 10.06 10.07 10.07 3,562
Dec 26, 2025 10.07 10.09 10.06 10.07 10.07 4,232
Dec 23, 2025 10.07 10.09 10.07 10.09 10.09 2,732
Dec 22, 2025 10.07 10.07 10.07 10.07 10.07 2,327
Dec 19, 2025 10.09 10.11 10.07 10.07 10.07 10,960
Dec 18, 2025 10.08 10.08 10.07 10.07 10.07 6,406
Dec 17, 2025 10.07 10.07 10.07 10.07 10.07 4,700
Dec 16, 2025 10.08 10.09 10.07 10.08 10.08 44,004
Dec 15, 2025 10.10 10.10 10.07 10.09 10.09 28,394
Dec 12, 2025 10.10 10.10 10.10 10.10 10.10 28,278
Dec 11, 2025 10.10 10.10 10.10 10.10 10.10 4,060
Dec 10, 2025 10.10 10.12 10.10 10.10 10.10 18,164
Dec 9, 2025 10.11 10.11 10.10 10.11 10.11 44,946
Dec 8, 2025 10.12 10.12 10.12 10.12 10.12 1,873
Dec 5, 2025 10.11 10.12 10.11 10.11 10.11 27,205
Dec 4, 2025 10.12 10.12 10.11 10.11 10.11 100,110
Dec 3, 2025 10.12 10.12 10.11 10.11 10.11 228,553
Dec 2, 2025 10.14 10.14 10.12 10.12 10.12 63,170
Dec 1, 2025 10.14 10.14 10.12 10.14 10.14 57,970
Nov 28, 2025 10.13 10.13 10.12 10.12 10.12 3,573
Nov 26, 2025 10.14 10.14 10.14 10.14 10.14 1,330
Nov 25, 2025 10.12 10.14 10.12 10.14 10.14 6,677
Nov 24, 2025 10.10 10.12 10.10 10.11 10.11 8,374
Nov 21, 2025 10.11 10.12 10.10 10.12 10.12 3,268
Nov 20, 2025 10.13 10.16 10.11 10.14 10.14 93,419
Nov 19, 2025 10.14 10.17 10.11 10.13 10.13 43,133
Nov 18, 2025 10.17 10.21 10.08 10.14 10.14 110,243
Nov 17, 2025 10.24 10.24 10.20 10.23 10.23 63,607
Nov 14, 2025 10.24 10.25 10.24 10.24 10.24 6,709
Nov 13, 2025 10.20 10.26 10.20 10.24 10.24 5,786
Nov 12, 2025 10.26 10.26 10.24 10.25 10.25 8,816
Nov 11, 2025 10.25 10.26 10.24 10.26 10.26 2,107
Nov 10, 2025 10.26 10.26 10.24 10.24 10.24 31,927
Nov 7, 2025 10.25 10.28 10.23 10.26 10.26 144,619
Nov 6, 2025 10.27 10.27 10.24 10.24 10.24 274,778
Nov 5, 2025 10.27 10.28 10.26 10.27 10.27 6,950
Nov 4, 2025 10.23 10.28 10.18 10.26 10.26 16,584
Nov 3, 2025 10.25 10.27 10.25 10.26 10.26 2,761
Oct 31, 2025 10.27 10.28 10.26 10.27 10.27 13,425
Oct 30, 2025 10.28 10.29 10.27 10.27 10.27 107,773
Oct 29, 2025 10.28 10.30 10.28 10.29 10.29 32,831
Oct 28, 2025 10.30 10.31 10.26 10.29 10.29 17,100
Oct 27, 2025 10.30 10.30 10.25 10.27 10.27 131,336
Oct 24, 2025 10.30 10.30 10.28 10.28 10.28 293
Oct 23, 2025 10.27 10.30 10.27 10.30 10.30 37,538
Oct 22, 2025 10.28 10.28 10.26 10.28 10.28 22,537
Oct 21, 2025 10.30 10.30 10.26 10.27 10.27 2,107
Oct 20, 2025 10.32 10.32 10.27 10.27 10.27 24,625
Oct 17, 2025 10.34 10.34 10.26 10.27 10.27 9,909
Oct 16, 2025 10.35 10.38 10.30 10.31 10.31 111,637
Oct 15, 2025 10.30 10.49 10.29 10.34 10.34 277,295
Oct 14, 2025 10.25 10.31 10.25 10.27 10.27 169,078
Oct 13, 2025 10.19 10.25 10.19 10.22 10.22 176,340
Oct 10, 2025 10.20 10.20 10.19 10.19 10.19 7,672
Oct 9, 2025 10.21 10.21 10.21 10.21 10.21 2,193
Oct 8, 2025 10.14 10.21 10.12 10.21 10.21 163,025
Oct 7, 2025 10.11 10.14 10.10 10.13 10.13 331,528
Oct 6, 2025 10.13 10.13 10.10 10.11 10.11 38,652
Oct 3, 2025 10.12 10.13 10.11 10.12 10.12 78,032
Oct 2, 2025 10.10 10.12 10.10 10.12 10.12 64,557
Oct 1, 2025 10.12 10.12 10.10 10.10 10.10 72,432
Sep 30, 2025 10.09 10.12 10.09 10.11 10.11 333,631
Sep 29, 2025 10.12 10.12 10.09 10.09 10.09 85,011
Sep 26, 2025 10.11 10.15 10.10 10.11 10.11 34,577
Sep 25, 2025 10.11 10.13 10.09 10.10 10.10 163,043
Sep 24, 2025 10.15 10.15 10.09 10.12 10.12 734,316
Sep 23, 2025 10.09 10.12 10.07 10.10 10.10 495,411

Open, high, low and close are the prices as traded. Adjusted close accounts for splits and dividends, and is what the chart and returns use. Where a company changed its ticker, its history under the old symbol is included.

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HCM III Acquisition Corp. Class A Ordinary Share Executive Compensation

We estimate that -- received a compensation of -- in --, making them the highest paid executive at HCMA, per a recent SEC DEF 14A filing.



Name
Role
Salary
Bonus
Stock/Option Awards
Total Compensation