Mr Cooper Correlations

COOP Stock

USD 98.33 1.24 1.28%

The current 90-days correlation between Mr Cooper Group and Ocwen Financial is 0.03 (i.e., Significant diversification). The correlation of Mr Cooper 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mr Cooper Correlation With Market

Very weak diversification

The correlation between Mr Cooper Group and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mr Cooper Group 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 Mr Cooper Group. 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 together with COOP Stock

0.64	V	Visa Class A	Pair Corr
0.75	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.81	MC	Moelis Potential Growth	Pair Corr
0.63	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.62	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.77	VIRT	Virtu Financial Normal Trading	Pair Corr
0.69	FDUS	Fidus Investment Corp	Pair Corr
0.62	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.72	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.74	EVR	Evercore Partners	Pair Corr
0.73	SLM	SLM Corp Normal Trading	Pair Corr
0.69	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr

Moving against COOP Stock

0.57	PT	Pintec Technology	Pair Corr
0.39	WU	Western Union	Pair Corr
0.33	XP	Xp Inc	Pair Corr
0.39	RKT	Rocket Companies	Pair Corr
0.41	ORGN	Origin Materials Buyout Trend	Pair Corr

Related Correlations Analysis

	GHLD	OCN	ECPG	CNF	VEL	SNFCA	HMPT	PFSI
GHLD		-0.69	0.04	-0.12	-0.33	-0.83	-0.43	0.57	GHLD
OCN	-0.69		-0.04	0.01	0.2	0.79	0.26	-0.57	OCN
ECPG	0.04	-0.04		-0.54	-0.15	0.01	-0.34	-0.07	ECPG
CNF	-0.12	0.01	-0.54		0.08	0.1	0.39	0.08	CNF
VEL	-0.33	0.2	-0.15	0.08		0.46	0.6	0.41	VEL
SNFCA	-0.83	0.79	0.01	0.1	0.46		0.57	-0.44	SNFCA
HMPT	-0.43	0.26	-0.34	0.39	0.6	0.57		0.13	HMPT
PFSI	0.57	-0.57	-0.07	0.08	0.41	-0.44	0.13		PFSI
	GHLD	OCN	ECPG	CNF	VEL	SNFCA	HMPT	PFSI

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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

SNFCA	+ 0.79	OCN
HMPT	+ 0.6	VEL
PFSI	+ 0.57	GHLD
HMPT	+ 0.57	SNFCA
SNFCA	+ 0.46	VEL
PFSI	+ 0.41	VEL

High negative correlations

SNFCA	- 0.83	GHLD
OCN	- 0.69	GHLD
PFSI	- 0.57	OCN
CNF	- 0.54	ECPG
PFSI	- 0.44	SNFCA
HMPT	- 0.43	GHLD

Risk-Adjusted Indicators

There is a big difference between COOP Stock performing well and Mr Cooper 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 Mr Cooper'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
GHLD	1.65	(0.26)	0.00	1.12	0.00	0.00	3.57	(3.77)	11.75
OCN	1.90	0.27	0.07	(2.86)	2.40	(2.05)	4.38	(3.44)	20.86
ECPG	1.33	(0.15)	0.00	(0.03)	0.00	0.00	3.27	(2.42)	9.26
CNF	6.61	0.57	0.07	0.82	7.38	(8.43)	20.00	(13.95)	78.29
VEL	0.64	0.14	0.09	0.63	0.59	(0.74)	1.69	(1.12)	4.30
SNFCA	1.16	0.44	0.26	0.79	0.85	(1.45)	2.63	(1.63)	11.74
HMPT	1.32	0.30	0.11	1.17	1.31	(2.40)	4.55	(2.60)	19.28
PFSI	1.21	0.02	(0.01)	0.12	1.53	(1.25)	2.61	(2.17)	7.68

Mr Cooper Corporate Executives

Elected by the shareholders, the Mr Cooper's board of directors comprises two types of representatives: Mr Cooper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of COOP. The board's role is to monitor Mr Cooper's management team and ensure that shareholders' interests are well served. Mr Cooper's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mr Cooper's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kurt Johnson	Executive CFO	Profile
	Jeff Carroll	Senior CTO	Profile

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