Mr Cooper Group Stock Market Value
| COOP Stock | USD 77.55 1.78 2.35% |
| Symbol | COOP |
Mr Cooper Group Price To Book Ratio
Is Mr Cooper'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 Mr Cooper. If investors know COOP 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 Mr Cooper 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 107.881 | Earnings Share 7.3 | Revenue Per Share 26.748 | Quarterly Revenue Growth 0.333 | Return On Assets 0.0306 |
The market value of Mr Cooper Group is measured differently than its book value, which is the value of COOP that is recorded on the company's balance sheet. Investors also form their own opinion of Mr Cooper's value that differs from its market value or its book value, called intrinsic value, which is Mr Cooper'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 Mr Cooper's market value can be influenced by many factors that don't directly affect Mr Cooper'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 Mr Cooper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mr Cooper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mr Cooper'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.
Mr Cooper '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 Mr Cooper'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 Mr Cooper.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Mr Cooper on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mr Cooper Group or generate 0.0% return on investment in Mr Cooper over 90 days. Mr Cooper is related to or competes with Encore Capital, Timbercreek Financial, and Guild HoldingsCo. Cooper Group Inc. provides servicing, origination, and transaction-based services related to single-family residences in... More
Mr Cooper 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 Mr Cooper'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 Mr Cooper Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.1518 | |||
| Maximum Drawdown | 9.1 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.87 |
Mr Cooper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mr Cooper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mr Cooper's standard deviation. In reality, there are many statistical measures that can use Mr Cooper historical prices to predict the future Mr Cooper's volatility.| Risk Adjusted Performance | 0.127 | |||
| Jensen Alpha | 0.2118 | |||
| Total Risk Alpha | 0.1478 | |||
| Sortino Ratio | 0.1821 | |||
| Treynor Ratio | 0.2059 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mr Cooper'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.
Mr Cooper Group Backtested Returns
Mr Cooper appears to be very steady, given 3 months investment horizon. Mr Cooper Group retains Efficiency (Sharpe Ratio) of 0.18, which conveys that the firm had a 0.18% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Mr Cooper, which you can use to evaluate the volatility of the firm. Please exercise Mr Cooper's Mean Deviation of 1.17, market risk adjusted performance of 0.2159, and Standard Deviation of 1.56 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mr Cooper holds a performance score of 14. The company owns a Beta (Systematic Risk) of 1.44, which conveys 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, Mr Cooper will likely underperform. Please check Mr Cooper's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Mr Cooper's current price history will revert.
Auto-correlation | 0.79 |
Good predictability
Mr Cooper Group has good predictability. Overlapping area represents the amount of predictability between Mr Cooper time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Mr Cooper Group price movement. The serial correlation of 0.79 indicates that around 79.0% of current Mr Cooper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 3.49 |
Mr Cooper Group lagged returns against current returns
Autocorrelation, which is Mr Cooper 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 Mr Cooper's stock expected returns. We can calculate the autocorrelation of Mr Cooper returns to help us make a trade decision. For example, suppose you find that Mr Cooper 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 |
Mr Cooper 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 Mr Cooper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mr Cooper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mr Cooper stock over time.
Current vs Lagged Prices |
| Timeline |
Mr Cooper Lagged Returns
When evaluating Mr Cooper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mr Cooper stock have on its future price. Mr Cooper 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, Mr Cooper autocorrelation shows the relationship between Mr Cooper stock current value and its past values and can show if there is a momentum factor associated with investing in Mr Cooper Group.
Regressed Prices |
| Timeline |
Mr Cooper Investors Sentiment
The influence of Mr Cooper's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in COOP. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Mr Cooper's public news can be used to forecast risks associated with an investment in COOP. The trend in average sentiment can be used to explain how an investor holding COOP can time the market purely based on public headlines and social activities around Mr Cooper Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Mr Cooper's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Mr Cooper's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Mr Cooper's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Mr Cooper.
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 Mr Cooper 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, Mr Cooper's short interest history, or implied volatility extrapolated from Mr Cooper options trading.
Pair Trading with Mr Cooper
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 Mr Cooper 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 Mr Cooper will appreciate offsetting losses from the drop in the long position's value.Moving together with COOP Stock
| 0.76 | FMCC | Federal Home Loan | PairCorr |
| 0.67 | FNMA | Federal National Mortgage | PairCorr |
Moving against COOP Stock
| 0.69 | CNF | CNFinance Holdings Financial Report 24th of May 2024 | PairCorr |
| 0.69 | OCN | Ocwen Financial Financial Report 2nd of May 2024 | PairCorr |
| 0.64 | DHIL | Diamond Hill Investment | PairCorr |
| 0.55 | SNFCA | Security National | PairCorr |
| 0.54 | LDI | Loandepot Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Mr Cooper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mr Cooper 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 Mr Cooper - 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 Mr Cooper Group to buy it.
The correlation of Mr Cooper 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 Mr Cooper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mr Cooper Group 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 Mr Cooper 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 Mr Cooper Correlation, Mr Cooper Volatility and Mr Cooper Alpha and Beta module to complement your research on Mr Cooper. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for COOP Stock analysis
When running Mr Cooper's price analysis, check to measure Mr Cooper'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 Mr Cooper is operating at the current time. Most of Mr Cooper's value examination focuses on studying past and present price action to predict the probability of Mr Cooper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mr Cooper's price. Additionally, you may evaluate how the addition of Mr Cooper to your portfolios can decrease your overall portfolio volatility.
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Mr Cooper 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.