Cooper Companies (Mexico) Market Value
| COO Stock | MXN 2,040 0.00 0.00% |
| Symbol | Cooper |
Cooper Companies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cooper Companies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cooper Companies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cooper Companies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding The Cooper Companies or generate 0.0% return on investment in Cooper Companies over 30 days. Cooper Companies is related to or competes with Capital One, Bank of Nova Scotia, Samsung Electronics, Grupo Sports, Delta Air, First Republic, and McEwen Mining. The Cooper Companies, Inc. operates as a medical device company worldwide More
Cooper Companies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cooper Companies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Cooper Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0379 | |||
| Maximum Drawdown | 19.19 | |||
| Potential Upside | 0.2808 |
Cooper Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cooper Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cooper Companies' standard deviation. In reality, there are many statistical measures that can use Cooper Companies historical prices to predict the future Cooper Companies' volatility.| Risk Adjusted Performance | 0.0816 | |||
| Jensen Alpha | 0.2457 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.44) |
Cooper Companies Backtested Returns
Cooper Companies appears to be very steady, given 3 months investment horizon. Cooper Companies secures Sharpe Ratio (or Efficiency) of 0.0983, which signifies that the company had a 0.0983% return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for The Cooper Companies, which you can use to evaluate the volatility of the firm. Please makes use of Cooper Companies' Mean Deviation of 0.6375, risk adjusted performance of 0.0816, and Coefficient Of Variation of 1017.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cooper Companies holds a performance score of 7. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cooper Companies are expected to decrease at a much lower rate. During the bear market, Cooper Companies is likely to outperform the market. Please check Cooper Companies' jensen alpha, and the relationship between the standard deviation and skewness , to make a quick decision on whether Cooper Companies' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
The Cooper Companies has no correlation between past and present. Overlapping area represents the amount of predictability between Cooper Companies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cooper Companies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cooper Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cooper Companies lagged returns against current returns
Autocorrelation, which is Cooper Companies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cooper Companies' stock expected returns. We can calculate the autocorrelation of Cooper Companies returns to help us make a trade decision. For example, suppose you find that Cooper Companies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cooper Companies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cooper Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cooper Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cooper Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Cooper Companies Lagged Returns
When evaluating Cooper Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cooper Companies stock have on its future price. Cooper Companies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cooper Companies autocorrelation shows the relationship between Cooper Companies stock current value and its past values and can show if there is a momentum factor associated with investing in The Cooper Companies.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cooper Stock Analysis
When running Cooper Companies' price analysis, check to measure Cooper Companies' 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 Cooper Companies is operating at the current time. Most of Cooper Companies' value examination focuses on studying past and present price action to predict the probability of Cooper Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cooper Companies' price. Additionally, you may evaluate how the addition of Cooper Companies to your portfolios can decrease your overall portfolio volatility.