Cooper Companies Backtesting

COO -- USA Stock  

USD 247.99  0.59  0.24%

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

Cooper Companies 'What if' Analysis

June 22, 2018
No Change 0.00  0.0%
In 31 days
July 22, 2018
If you would invest  0.00  in Cooper Companies on June 22, 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 30 days. Cooper Companies is related to or competes with Ekso Bionics, Endologix, Baxter International, Becton Dickinson, Bovie Medical, Cantel Medical, and COOPER COS. The Cooper Companies, Inc. operates as a medical device company worldwide

Cooper Companies Upside/Downside Indicators

Information Ratio0.2534
Maximum Drawdown3.29
Value At Risk1.36
Potential Upside1.39

Cooper Companies Market Premium Indicators

Risk Adjusted Performance0.1854
Jensen Alpha0.3167
Total Risk Alpha0.1408
Treynor Ratio5.10

The Cooper Companies Backtested Returns

Macroaxis considers Cooper Companies not too risky given 1 month investment horizon. The Cooper Companies secures Sharpe Ratio (or Efficiency) of 0.275 which signifies that The Cooper Companies had 0.275% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for The Cooper Companies which you can use to evaluate future volatility of the firm. Please makes use of The Cooper Companies Mean Deviation of 0.5979 and Risk Adjusted Performance of 0.1854 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Cooper Companies holds performance score of 18. The firm shows Beta (market volatility) of -0.061 which signifies that as returns on market increase, returns on owning Cooper Companies are expected to decrease at a much smaller rate. During bear market, Cooper Companies is likely to outperform the market.. Although it is extremely important to respect The Cooper Companies historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing The Cooper Companies technical indicators you can presently evaluate if the expected return of 0.226% will be sustainable into the future. Please makes use of The Cooper Companies Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to make a quick decision on weather Cooper Companies price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.64 

Good predictability

The Cooper Companies has good predictability. Overlapping area represents the amount of predictability between Cooper Companies time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 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 0.64 indicates that roughly 64.0% of current Cooper Companies price fluctuation can be explain by its past prices.
Correlation Coefficient 0.64
Spearman Rank Test 0.86
Price Variance 2.77
Lagged Price Variance 13.0

The Cooper Companies lagged returns against current returns

 Current and Lagged Values 

Cooper Companies regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Cooper Companies Lagged Returns

 Regressed Prices 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Cooper Companies and Ekso Bionics Holdings. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.