COOP Total Other Income Expense Net vs Ebitda Analysis
COOP Stock | USD 100.66 1.24 1.25% |
Mr Cooper financial indicator trend analysis is infinitely more than just investigating Mr Cooper Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mr Cooper Group is a good investment. Please check the relationship between Mr Cooper Total Other Income Expense Net and its Ebitda accounts. 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.
Total Other Income Expense Net vs Ebitda
Total Other Income Expense Net vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mr Cooper Group Total Other Income Expense Net account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mr Cooper's Total Other Income Expense Net and Ebitda is 0.4. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Ebitda in the same time period over historical financial statements of Mr Cooper Group, assuming nothing else is changed. The correlation between historical values of Mr Cooper's Total Other Income Expense Net and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Mr Cooper Group are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Total Other Income Expense Net i.e., Mr Cooper's Total Other Income Expense Net and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Other Income Expense Net
Ebitda
Most indicators from Mr Cooper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mr Cooper Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, Mr Cooper's Tax Provision is relatively stable compared to the past year. As of 11/26/2024, Enterprise Value Over EBITDA is likely to grow to 17.52, while Issuance Of Capital Stock is likely to drop slightly above 600.8 M.
Mr Cooper fundamental ratios Correlations
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Mr Cooper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mr Cooper fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.3B | 24.2B | 14.2B | 12.8B | 14.2B | 13.5B | |
Common Stock Shares Outstanding | 92.1M | 94.5M | 85.8M | 73.8M | 68.5M | 53.3M | |
Short Long Term Debt Total | 13.2B | 16.6B | 13.4B | 9.0B | 7.5B | 7.1B | |
Total Stockholder Equity | 2.2B | 2.5B | 3.4B | 4.1B | 4.3B | 5.3B | |
Property Plant And Equipment Net | 112M | 116M | 98M | 65M | 53M | 50.4M | |
Net Debt | 12.4B | 12.6B | 6.8B | 5.0B | 6.9B | 6.5B | |
Retained Earnings | 1.1B | 1.4B | 2.9B | 3.8B | 4.3B | 4.1B | |
Cash | 329M | 695M | 895M | 527M | 571M | 542.5M | |
Non Current Assets Total | 6.3B | 11.3B | 7.6B | 10.2B | 10.4B | 10.9B | |
Non Currrent Assets Other | 1.2B | 7.2B | 2.2B | 2.7B | 616M | 646.8M | |
Cash And Short Term Investments | 329M | 695M | 895M | 527M | 571M | 542.5M | |
Liabilities And Stockholders Equity | 18.3B | 24.2B | 14.2B | 12.8B | 14.2B | 13.5B | |
Non Current Liabilities Total | 9.1B | 7.5B | 3.4B | 3.2B | 8.9B | 8.4B | |
Other Current Assets | (7.9B) | (1.8B) | (2.3B) | 1.1B | 1.1B | 1.0B | |
Other Stockholder Equity | (2.2B) | (2.9B) | (5.8B) | (7.6B) | (21M) | (22.1M) | |
Total Liab | 16.1B | 21.7B | 10.8B | 8.7B | 9.9B | 9.4B | |
Property Plant And Equipment Gross | 233M | 116M | 220M | 187M | 194M | 184.3M | |
Total Current Assets | 12.0B | 12.8B | 6.7B | 2.6B | 3.8B | 3.6B | |
Total Current Liabilities | 7.0B | 14.2B | 7.4B | 5.5B | 998M | 948.1M | |
Other Current Liab | 1.6B | 5.2B | 1.5B | 1.9B | (2.0B) | (1.9B) | |
Accumulated Other Comprehensive Income | 2.2B | 2.5B | 3.4B | 4.1B | 4.3B | 4.5B | |
Other Assets | 1.6B | 22.4B | (107M) | 10.5M | 14.2B | 24.9B | |
Short Term Investments | 135M | 414M | 134M | 22M | 19.8M | 18.8M | |
Net Receivables | 7.3B | 6.2B | 1.2B | 1.0B | 996M | 946.2M | |
Intangible Assets | 3.5B | 2.7B | 4.2B | 6.7B | 9.1B | 9.6B | |
Other Liab | 2.7B | 8.4B | 3.2B | 1.2B | 1.3B | 1.7B | |
Accounts Payable | 423M | 7.4B | 2.4B | 2.6B | 2.0B | 1.3B | |
Net Tangible Assets | (1.5B) | 2.5B | 3.4B | 4.1B | 4.7B | 4.9B | |
Long Term Debt | 13.2B | 9.8B | 2.7B | 6.1B | 3.2B | 5.7B | |
Retained Earnings Total Equity | 1.1B | 1.4B | 2.9B | 3.8B | 4.4B | 4.6B | |
Capital Surpluse | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 654.2M | |
Inventory | (952M) | (135M) | 7.7B | 6.8B | 7.8B | 8.2B | |
Long Term Investments | 4.1B | 5.7B | 4.4B | 893M | 1.0B | 1.7B |
Pair Trading with Mr Cooper
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mr Cooper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mr Cooper will appreciate offsetting losses from the drop in the long position's value.Moving together with COOP Stock
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0.79 | DHIL | Diamond Hill Investment | PairCorr |
0.66 | DIST | Distoken Acquisition | PairCorr |
Moving against COOP Stock
The ability to find closely correlated positions to Mr Cooper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mr Cooper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mr Cooper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mr Cooper Group to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mr Cooper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mr Cooper Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mr Cooper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for COOP Stock Analysis
When running Mr Cooper's price analysis, check to measure Mr Cooper'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 Mr Cooper is operating at the current time. Most of Mr Cooper's value examination focuses on studying past and present price action to predict the probability of Mr Cooper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mr Cooper's price. Additionally, you may evaluate how the addition of Mr Cooper to your portfolios can decrease your overall portfolio volatility.