Cooper Companies, Correlations

COO Stock

USD 99.91 0.83 0.84%

The current 90-days correlation between Cooper Companies, and Nexgel Inc is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cooper Companies, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Cooper Companies, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cooper Companies, Correlation With Market

Average diversification

The correlation between The Cooper Companies, and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Cooper Companies, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Cooper Companies,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Cooper Stock

0.59	GH	Guardant Health	Pair Corr
0.49	LH	Laboratory	Pair Corr
0.4	AWH	Aspira Womens Health	Pair Corr
0.77	MYND	Myndai, Symbol Change	Pair Corr
0.48	MBOT	Microbot Medical	Pair Corr
0.41	MODV	ModivCare	Pair Corr
0.32	CMAXW	CareMax	Pair Corr
0.59	VCEL	Vericel Corp Ord	Pair Corr
0.36	DVAX	Dynavax Technologies	Pair Corr

Related Correlations Analysis

	NXGL	AVGR	STSS	MBOT	PDEX	ZJYL	MHUA
NXGL		-0.53	-0.36	0.38	0.61	-0.68	-0.68	NXGL
AVGR	-0.53		0.74	0.01	-0.67	0.68	0.61	AVGR
STSS	-0.36	0.74		-0.2	-0.67	0.66	0.57	STSS
MBOT	0.38	0.01	-0.2		0.1	-0.15	-0.53	MBOT
PDEX	0.61	-0.67	-0.67	0.1		-0.85	-0.68	PDEX
ZJYL	-0.68	0.68	0.66	-0.15	-0.85		0.62	ZJYL
MHUA	-0.68	0.61	0.57	-0.53	-0.68	0.62		MHUA
	NXGL	AVGR	STSS	MBOT	PDEX	ZJYL	MHUA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

STSS	+ 0.74	AVGR
ZJYL	+ 0.68	AVGR
ZJYL	+ 0.66	STSS
MHUA	+ 0.62	ZJYL
PDEX	+ 0.61	NXGL
MHUA	+ 0.61	AVGR

High negative correlations

ZJYL	- 0.85	PDEX
MHUA	- 0.68	PDEX
MHUA	- 0.68	NXGL
ZJYL	- 0.68	NXGL
PDEX	- 0.67	STSS
PDEX	- 0.67	AVGR

Risk-Adjusted Indicators

There is a big difference between Cooper Stock performing well and Cooper Companies, 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 Cooper Companies,'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
NXGL	3.29	0.36	0.10	0.53	3.28	(4.05)	8.02	(5.92)	28.75
AVGR	4.29	(0.52)	0.00	(0.38)	0.00	0.00	7.78	(8.65)	45.74
STSS	4.45	(0.60)	0.00	(2.06)	0.00	0.00	7.77	(10.13)	34.02
MBOT	2.19	(0.19)	0.00	(0.21)	0.00	0.00	4.17	(4.95)	15.87
PDEX	3.78	1.31	0.26	0.86	3.87	(4.30)	9.99	(5.23)	28.08
ZJYL	5.19	(1.61)	0.00	(0.92)	0.00	0.00	8.17	(12.02)	78.47
MHUA	6.12	0.20	0.03	0.20	8.05	(7.10)	16.67	(13.11)	57.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC