Cooper Stnd Stock Market Value
| CPS Stock | USD 15.37 0.08 0.52% |
| Symbol | Cooper |
Cooper Stnd Price To Book Ratio
Is Cooper Stnd's industry 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 Stnd. 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 Stnd listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (11.64) | Revenue Per Share 162.248 | Quarterly Revenue Growth 0.037 | Return On Assets 0.02 | Return On Equity (35.49) |
The market value of Cooper Stnd 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 Stnd's value that differs from its market value or its book value, called intrinsic value, which is Cooper Stnd'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 Stnd's market value can be influenced by many factors that don't directly affect Cooper Stnd'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 Stnd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cooper Stnd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cooper Stnd'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 Stnd '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 Stnd'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 Stnd.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Cooper Stnd on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cooper Stnd or generate 0.0% return on investment in Cooper Stnd over 30 days. Cooper Stnd is related to or competes with Innoviz Technologies. Cooper-Standard Holdings Inc., through its subsidiary, Cooper-Standard Automotive Inc., designs, manufactures, and sells... More
Cooper Stnd 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 Stnd'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 Cooper Stnd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 34.07 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 6.32 |
Cooper Stnd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cooper Stnd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cooper Stnd's standard deviation. In reality, there are many statistical measures that can use Cooper Stnd historical prices to predict the future Cooper Stnd's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cooper Stnd's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cooper Stnd Backtested Returns
Cooper Stnd secures Sharpe Ratio (or Efficiency) of -0.0086, which signifies that the company had a -0.0086% return per unit of risk over the last 3 months. Cooper Stnd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cooper Stnd's Mean Deviation of 3.05, standard deviation of 4.88, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cooper Stnd will likely underperform. Cooper Stnd has an expected return of -0.0422%. Please make sure to confirm Cooper Stnd potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Cooper Stnd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Cooper Stnd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cooper Stnd time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 Stnd price movement. The serial correlation of -0.17 indicates that over 17.0% of current Cooper Stnd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.87 |
Cooper Stnd lagged returns against current returns
Autocorrelation, which is Cooper Stnd 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 Stnd's stock expected returns. We can calculate the autocorrelation of Cooper Stnd returns to help us make a trade decision. For example, suppose you find that Cooper Stnd 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 Stnd 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 Stnd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cooper Stnd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cooper Stnd stock over time.
Current vs Lagged Prices |
| Timeline |
Cooper Stnd Lagged Returns
When evaluating Cooper Stnd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cooper Stnd stock have on its future price. Cooper Stnd 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 Stnd autocorrelation shows the relationship between Cooper Stnd stock current value and its past values and can show if there is a momentum factor associated with investing in Cooper Stnd.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cooper Stnd in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cooper Stnd's short interest history, or implied volatility extrapolated from Cooper Stnd options trading.
Pair Trading with Cooper Stnd
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 Stnd 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 Stnd will appreciate offsetting losses from the drop in the long position's value.Moving against Cooper Stock
| 0.54 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Cooper Stnd 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 Stnd 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 Stnd - 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 Cooper Stnd to buy it.
The correlation of Cooper Stnd 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 Stnd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cooper Stnd 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 Stnd 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 Stnd Correlation, Cooper Stnd Volatility and Cooper Stnd Alpha and Beta module to complement your research on Cooper Stnd. For more information on how to buy Cooper Stock please use our How to Invest in Cooper Stnd guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cooper Stock analysis
When running Cooper Stnd's price analysis, check to measure Cooper Stnd'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 Cooper Stnd is operating at the current time. Most of Cooper Stnd's value examination focuses on studying past and present price action to predict the probability of Cooper Stnd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cooper Stnd's price. Additionally, you may evaluate how the addition of Cooper Stnd to your portfolios can decrease your overall portfolio volatility.
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Cooper Stnd 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.