Mr Cooper Correlations

COOP Stock

USD 210.79 0.00 0.00%

The current 90-days correlation between Mr Cooper Group and Houlihan Lokey is -0.01 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mr Cooper Correlation With Market

Good diversification

The correlation between Mr Cooper Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mr Cooper Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with COOP Stock

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with COOP Stock

0.88	WSBF	Waterstone Financial	Pair Corr
0.63	SHO	Sunstone Hotel Investors	Pair Corr
0.78	AKR	Acadia Realty Trust Earnings Call This Week	Pair Corr
0.84	BCDRF	Banco Santander SA Earnings Call Next Week	Pair Corr
0.91	LSCC	Lattice Semiconductor	Pair Corr
0.76	NTES	NetEase	Pair Corr
0.64	RCAT	Red Cat Holdings Downward Rally	Pair Corr
0.84	PBF	PBF Energy	Pair Corr
0.88	BNL	Broadstone Net Lease Earnings Call Next Week	Pair Corr
0.71	YZCAY	Yanzhou Coal Mining Earnings Call This Week	Pair Corr
0.73	BELFB	Bel Fuse B Earnings Call Tomorrow	Pair Corr
0.87	PRS	Prudential Financial	Pair Corr
0.76	ZCUSX	Corn Futures	Pair Corr
0.67	36966TGR7	GENERAL ELEC CAP	Pair Corr
0.84	DOOO	BRP Inc	Pair Corr
0.67	AVR	Anteris Technologies Trending	Pair Corr
0.81	XPRO	Expro Group Holdings Earnings Call This Week	Pair Corr
0.78	PFH	Prudential Financial 4125	Pair Corr
0.62	WEGRY	Weir Group PLC	Pair Corr
0.79	ACR-PC	ACRES Commercial Realty	Pair Corr

Moving against COOP Stock

0.55

CURIW

CuriosityStream

Pair Corr

Related Correlations Analysis

	HLI	EVR	RGA	FITB	FHN	ALLY	UNM	CIB	CNA	WF
HLI		0.88	0.12	0.8	0.59	0.79	0.32	0.33	0.1	0.69	HLI
EVR	0.88		0.12	0.78	0.51	0.86	0.25	0.63	0.2	0.75	EVR
RGA	0.12	0.12		0.45	0.53	0.18	0.46	0.24	0.23	0.1	RGA
FITB	0.8	0.78	0.45		0.73	0.84	0.18	0.44	0.45	0.52	FITB
FHN	0.59	0.51	0.53	0.73		0.5	0.4	0.12	0.15	0.45	FHN
ALLY	0.79	0.86	0.18	0.84	0.5		0.15	0.5	0.28	0.57	ALLY
UNM	0.32	0.25	0.46	0.18	0.4	0.15		0.12	-0.59	0.39	UNM
CIB	0.33	0.63	0.24	0.44	0.12	0.5	0.12		0.38	0.45	CIB
CNA	0.1	0.2	0.23	0.45	0.15	0.28	-0.59	0.38		-0.02	CNA
WF	0.69	0.75	0.1	0.52	0.45	0.57	0.39	0.45	-0.02		WF
	HLI	EVR	RGA	FITB	FHN	ALLY	UNM	CIB	CNA	WF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EVR	+ 0.88	HLI
ALLY	+ 0.86	EVR
ALLY	+ 0.84	FITB
FITB	+ 0.8	HLI
ALLY	+ 0.79	HLI
FITB	+ 0.78	EVR

High negative correlations

CNA	- 0.59	UNM
WF	- 0.02	CNA

Risk-Adjusted Indicators

There is a big difference between COOP Stock performing well and Mr Cooper Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mr Cooper's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HLI	0.99	(0.11)	0.00	(0.02)	0.00	0.00	2.15	(2.22)	5.83
EVR	1.38	(0.02)	0.03	0.06	1.54	(1.46)	4.11	(2.42)	9.00
RGA	1.10	(0.13)	0.00	(0.03)	0.00	0.00	1.98	(2.20)	9.93
FITB	1.00	(0.14)	0.00	(0.02)	0.00	0.00	2.23	(1.61)	10.44
FHN	1.28	(0.22)	0.00	(0.07)	0.00	0.00	2.52	(2.43)	12.16
ALLY	1.28	(0.10)	(0.02)	0.02	1.62	(1.46)	2.93	(2.68)	11.23
UNM	1.13	(0.16)	0.00	(0.08)	0.00	0.00	2.03	(2.90)	13.70
CIB	1.14	0.28	0.16	1.30	1.10	(1.31)	2.73	(2.31)	6.71
CNA	0.97	0.02	(0.01)	0.10	1.05	(1.00)	2.15	(1.77)	6.49
WF	1.31	(0.03)	(0.02)	0.04	1.74	(1.44)	2.77	(2.61)	10.59

Mr Cooper Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mr Cooper stock to make a market-neutral strategy. Peer analysis of Mr Cooper could also be used in its relative valuation, which is a method of valuing Mr Cooper by comparing valuation metrics with similar companies.

Houlihan Lokey Evercore Partners Reinsurance Group of Fifth Third Bancorp First Horizon National Ally Financial Unum Group Grupo Cibest SA CNA Financial Woori Financial Group American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Mr Cooper Corporate Executives

Elected by the shareholders, the Mr Cooper's board of directors comprises two types of representatives: Mr Cooper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of COOP. The board's role is to monitor Mr Cooper's management team and ensure that shareholders' interests are well served. Mr Cooper's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mr Cooper's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kurt Johnson	Executive CFO	Profile
	Jeff Carroll	Senior CTO	Profile

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