One needs to be careful, a photospectrometer measures just absorption. In the case of CP the aromatic ring system is something that absorbes UV light rather strongly, so this can be used to quantify the amount of CP. Although if the chemical is altered (rendering it ineffective) but with the aromatic system still intact, you could not measure declining CP concentration using just a photometer, the UV-absorption would stay nearly constant. HPLC would be the method of choice, to actually see if the compound is still there (and in which concentration).
My experience as an organic chemist is, that only in
very rare cases substances are more stable in solution, as compared to a pure compound, especially when it is a solid. Having a bottle of solid CP exposed to light, only a very tiny fraction would be exposed to light, the rest would be shaded.
Im planning on running some HPLC stability tests on CP asap, but free time is my limiting factor
Best,
Christoph