Cooper Stnd Correlations

CPS Stock

USD 30.07 0.09 0.30%

The current 90-days correlation between Cooper Stnd and Safety Insurance Group is 0.02 (i.e., Significant diversification). 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 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.

Cooper Stnd Correlation With Market

Very weak diversification

The correlation between Cooper Stnd and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cooper Stnd and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cooper Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cooper Stnd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Cooper Stock please use our How to Invest in Cooper Stnd guide.

Moving together with Cooper Stock

0.8	VC	Visteon Corp	Pair Corr
0.9	DORM	Dorman Products	Pair Corr
0.78	ASKAUTOLTD	ASK AUTOMOTIVE	Pair Corr
0.68	002085	Zhejiang Wanfeng Auto	Pair Corr
0.64	603767	Zhejiang Zomax Trans	Pair Corr
0.72	EVTV	Envirotech Vehicles	Pair Corr
0.81	WKHS	Workhorse Group	Pair Corr
0.68	WKSP	Worksport	Pair Corr
0.81	NDRAUTO	Ndr Auto Components	Pair Corr
0.72	300304	Jiangsu Yunyi Electric	Pair Corr

Moving against Cooper Stock

0.7	BHARATFORG	Bharat Forge Limited	Pair Corr
0.57	TVSHLTD	TVS Holdings Limited	Pair Corr
0.52	002593	Xiamen Sunrise Wheel	Pair Corr
0.5	603040	Hangzhou XZB Tech	Pair Corr
0.38	QS	Quantumscape Corp Aggressive Push	Pair Corr
0.66	300816	Actblue	Pair Corr
0.62	LUMAXIND	Lumax Industries	Pair Corr
0.55	TYT	Toyota Motor Corp	Pair Corr
0.35	300594	Shandong Longertek	Pair Corr
0.33	PPAP	PPAP Automotive	Pair Corr
0.77	301119	Hangzhou Zhengqiang	Pair Corr
0.55	VARROC	Varroc Engineering	Pair Corr
0.33	002328	Shanghai Xinpeng Industry	Pair Corr

Related Correlations Analysis

	ISPAF	SAFT	IGIC	GMOYF	PINXF	ONCI	VNRFY	NP
ISPAF		0.52	-0.09	-0.39	0.42	0.0	0.53	-0.24	ISPAF
SAFT	0.52		0.59	-0.57	0.28	0.0	0.23	-0.51	SAFT
IGIC	-0.09	0.59		0.09	-0.37	0.0	-0.19	-0.34	IGIC
GMOYF	-0.39	-0.57	0.09		-0.61	0.0	-0.12	0.3	GMOYF
PINXF	0.42	0.28	-0.37	-0.61		0.0	0.29	-0.28	PINXF
ONCI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ONCI
VNRFY	0.53	0.23	-0.19	-0.12	0.29	0.0		-0.02	VNRFY
NP	-0.24	-0.51	-0.34	0.3	-0.28	0.0	-0.02		NP
	ISPAF	SAFT	IGIC	GMOYF	PINXF	ONCI	VNRFY	NP

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

IGIC	+ 0.59	SAFT
VNRFY	+ 0.53	ISPAF
SAFT	+ 0.52	ISPAF
PINXF	+ 0.42	ISPAF
NP	+ 0.3	GMOYF
VNRFY	+ 0.29	PINXF

High negative correlations

PINXF	- 0.61	GMOYF
GMOYF	- 0.57	SAFT
NP	- 0.51	SAFT
GMOYF	- 0.39	ISPAF
PINXF	- 0.37	IGIC
NP	- 0.34	IGIC

Risk-Adjusted Indicators

There is a big difference between Cooper Stock performing well and Cooper Stnd 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 Cooper Stnd'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
ISPAF	0.10	0.01	(0.14)	(4.38)	0.00	(0.29)	0.47	(0.40)	1.03
SAFT	0.94	0.02	(0.02)	0.13	1.01	(1.12)	2.22	(1.64)	5.23
IGIC	0.97	(0.04)	(0.06)	(0.02)	1.21	(1.15)	1.93	(1.94)	7.20
GMOYF	0.76	0.06	0.00	0.24	0.00	0.00	0.74	0.00	19.49
PINXF	0.84	0.10	0.00	(0.11)	0.00	0.00	4.55	(2.06)	14.33
ONCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VNRFY	0.96	0.11	0.00	(1.24)	0.00	0.00	2.22	0.00	25.26
NP	2.93	(0.03)	0.00	0.05	3.11	(3.69)	6.85	(3.98)	23.42

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