The Cooper Companies, Stock Market Value
| COO Stock | USD 100.80 0.89 0.89% |
| Symbol | Cooper |
Cooper Companies, Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cooper Companies,. If investors know Cooper will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cooper Companies, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.209 | Earnings Share 1.79 | Revenue Per Share 19.14 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0339 |
The market value of Cooper Companies, is measured differently than its book value, which is the value of Cooper that is recorded on the company's balance sheet. Investors also form their own opinion of Cooper Companies,'s value that differs from its market value or its book value, called intrinsic value, which is Cooper Companies,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cooper Companies,'s market value can be influenced by many factors that don't directly affect Cooper Companies,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cooper Companies,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Cooper Companies, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cooper Companies,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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,'s 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,.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cooper Companies, on October 26, 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 West Pharmaceutical, Hologic, ICU Medical, Haemonetics, Teleflex Incorporated, ResMed, and Becton Dickinson. The Cooper Companies, Inc., together with its subsidiaries, develops, manufactures, and markets contact lens wearers 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,'s 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.
| Downside Deviation | 1.02 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.98 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.39 |
Cooper Companies, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cooper Companies,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cooper Companies,'s standard deviation. In reality, there are many statistical measures that can use Cooper Companies, historical prices to predict the future Cooper Companies,'s volatility.| Risk Adjusted Performance | 0.0584 | |||
| Jensen Alpha | 0.0652 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3059 |
Cooper Companies, Backtested Returns
As of now, Cooper Stock is very steady. Cooper Companies, secures Sharpe Ratio (or Efficiency) of 0.0677, which signifies that the company had a 0.0677% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for The Cooper Companies,, which you can use to evaluate the volatility of the firm. Please confirm Cooper Companies,'s Mean Deviation of 0.8728, risk adjusted performance of 0.0584, and Semi Deviation of 0.8513 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Cooper Companies, has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cooper Companies,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Cooper Companies, is expected to be smaller as well. Cooper Companies, right now shows a risk of 1.73%. Please confirm Cooper Companies, standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Cooper Companies, will be following its price patterns.
Auto-correlation | 0.21 |
Weak predictability
The Cooper Companies, has weak predictability. Overlapping area represents the amount of predictability between Cooper Companies, time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 0.21 indicates that over 21.0% of current Cooper Companies, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.84 |
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,'s 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,'s 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 |
Pair Trading with Cooper Companies,
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 Cooper Companies, 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 Cooper Companies, will appreciate offsetting losses from the drop in the long position's value.Moving against Cooper Stock
The ability to find closely correlated positions to Cooper Companies, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cooper Companies, 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 Cooper Companies, - 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 The Cooper Companies, to buy it.
The correlation of Cooper Companies, 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 Cooper Companies, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cooper Companies, 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 Cooper Companies, 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.Check out Cooper Companies, Correlation, Cooper Companies, Volatility and Cooper Companies, Alpha and Beta module to complement your research on Cooper Companies,. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Cooper Companies, technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.