Cooper Companies Backtesting

The Cooper Companies -- USA Stock  

USD 225.12  0.10  0.0444%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of The Cooper Companies and determine expected loss or profit from investing in Cooper Companies over given investment horizon. Check also Cooper Companies Hype Analysis, Cooper Companies Correlation, Cooper Companies Valuation, Cooper Companies Volatility as well as analyze Cooper Companies Alpha and Beta and Cooper Companies Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

Cooper Companies 'What if' Analysis

February 21, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 22, 2018
0.00
If you would invest  0.00  in Cooper Companies on February 21, 2018 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 60 days. Cooper Companies is related to or competes with DexCom, Quest Diagnostics, DENTSPLY SIRONA, ResMed, Stryker, and TELEFLEX INC. The Cooper Companies, Inc. operates as a medical device company worldwide

Cooper Companies Upside/Downside Indicators

Information Ratio0.0165
Maximum Drawdown7.48
Value At Risk2.69
Potential Upside2.99
  

Cooper Companies Market Premium Indicators

Risk Adjusted Performance0.062194
Jensen Alpha0.069207
Total Risk Alpha0.024
Treynor Ratio8.05

The Cooper Companies Backtested Returns

Macroaxis considers Cooper Companies to be not too risky. The Cooper Companies secures Sharpe Ratio (or Efficiency) of -0.0171 which signifies that The Cooper Companies had -0.0171% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. The Cooper Companies exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm The Cooper Companies Mean Deviation of 1.21 and Risk Adjusted Performance of 0.062194 to double-check risk estimate we provide. Macroaxis gives Cooper Companies performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0087 which signifies that as returns on market increase, Cooper Companies returns are expected to increase less than the market. However during bear market, the loss on holding Cooper Companies will be expected to be smaller as well.. Even though it is essential to pay attention to The Cooper Companies historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. The Cooper Companies exposes twenty-one different technical indicators which can help you to evaluate its performance. The Cooper Companies has expected return of -0.028%. Please be advised to confirm The Cooper Companies Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if The Cooper Companies past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.37) 

Poor reverse predictability

The Cooper Companies has poor reverse predictability. Overlapping area represents the amount of predictability between Cooper Companies time series from February 21, 2018 to March 23, 2018 and March 23, 2018 to April 22, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of The Cooper Companies price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Cooper Companies price fluctuation can be explain by its past prices. Given that The Cooper Companies has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cooper Companies for similar time interval.
Correlation Coefficient -0.37
Spearman Rank Test 0.16
Price Variance 9.48
Lagged Price Variance 43.41

The Cooper Companies lagged returns against current returns

 Current and Lagged Values 
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Cooper Companies regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Cooper Companies Lagged Returns

 Regressed Prices 
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Current Sentiment - COO

The Cooper Companies Investor Sentiment
Greater number of Macroaxis users are currently bullish on The Cooper Companies. What is your opinion about investing in The Cooper Companies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

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The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
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You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
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Check also Cooper Companies Hype Analysis, Cooper Companies Correlation, Cooper Companies Valuation, Cooper Companies Volatility as well as analyze Cooper Companies Alpha and Beta and Cooper Companies Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.