Mr Cooper Correlations

07WA Stock  EUR 90.00  0.36  0.40%   
The current 90-days correlation between Mr Cooper Group and Sun Art Retail is -0.03 (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.

Mr Cooper Correlation With Market

Very weak diversification

The correlation between Mr Cooper Group 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 Mr Cooper Group and DJI in the same portfolio, assuming nothing else is changed.
  
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.

Moving together with 07WA Stock

  0.8163Z FIRST NATIONAL FINPairCorr
  0.711EL ELLINGTON FINL INCPairCorr
  0.9HU3 Huntington BancsharesPairCorr
  0.83BKJ Brinker InternationalPairCorr
  0.64TC7 TIANDE CHEMICALPairCorr
  0.83WD1 WD 40 COPairCorr
  0.618KS LUMI GRUPPEN ASPairCorr
  0.92KD Kinder MorganPairCorr
  0.789W GRUPO ECOENER EOPairCorr
  0.93J7Z Jazz Pharmaceuticals plcPairCorr
  0.84ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.758CF CLOUDFLARE INC APairCorr
  0.85UFH US Foods HoldingPairCorr
  0.9MAQ Marriott InternationalPairCorr
  0.62DGS Envela CorpPairCorr
  0.8451KB AVITA MedicalPairCorr

Moving against 07WA Stock

  0.79D7GA NEL ASA ADR30PairCorr
  0.78LYV Lundin Energy ABPairCorr
  0.76PBB Deutsche PfandbriefbankPairCorr
  0.57T77 LendingTreePairCorr
  0.37CHK China Resources BeerPairCorr
  0.379RV REVLTNRY CNCPTPairCorr
  0.51LHL1 Lenovo Group LimitedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
8BJCTO0
BUICTO0
BUI8BJ
AMKXXA1
8BJSRI
CTO0SRI
  
High negative correlations   
8BJXXA1
BUIXXA1
XXA1CTO0
BUI2LB
AMK8BJ
AMKBUI

Risk-Adjusted Indicators

There is a big difference between 07WA 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mr Cooper without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Correlation Analysis Now

   

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
All  Next Launch Module

Mr Cooper Corporate Management

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 07WA. 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 JohnsonChief VPProfile
Roy GuthrieLead Independent DirectorProfile
Tagar OlsonIndependent DirectorProfile
Kelly DohertyExec OfficerProfile