The Cooper Companies Stock Price on May 1, 2024
| COO Stock | USD 97.31 0.59 0.60% |
If you're considering investing in Cooper Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cooper Companies stands at 97.31, as last reported on the 19th of May, with the highest price reaching 98.07 and the lowest price hitting 96.55 during the day. We consider Cooper Companies very steady. Cooper Companies secures Sharpe Ratio (or Efficiency) of 0.0235, which signifies that the company had a 0.0235% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for The Cooper Companies, which you can use to evaluate the volatility of the firm. Please confirm Cooper Companies' Semi Deviation of 1.17, risk adjusted performance of 0.0201, and Mean Deviation of 1.09 to double-check if the risk estimate we provide is consistent with the expected return of 0.04%.
Cooper Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cooper |
Sharpe Ratio = 0.0235
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| Negative Returns | COO |
Estimated Market Risk
| 1.7 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Cooper Companies is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cooper Companies by adding it to a well-diversified portfolio.
Cooper Companies Valuation on May 1, 2024
It is possible to determine the worth of Cooper Companies on a given historical date. On May 1, 2024 Cooper was worth 89.03 at the beginning of the trading date compared to the closed value of 89.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cooper Companies stock. Still, in general, we apply an absolute valuation method to find Cooper Companies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cooper Companies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cooper Companies' related companies.
| Open | High | Low | Close | Volume | |
| 89.06 | 89.65 | 88.44 | 89.06 | 951,362 | |
05/01/2024 | 89.03 | 91.03 | 88.81 | 89.66 | 742,416 |
| 89.81 | 90.05 | 87.96 | 89.75 | 1,259,418 |
| Backtest Cooper Companies | | | Cooper Companies History | | | Cooper Companies Valuation | Previous | Next |
Cooper Companies Trading Date Momentum on May 1, 2024
| On May 02 2024 The Cooper Companies was traded for 89.75 at the closing time. Highest Cooper Companies's price during the trading hours was 90.05 and the lowest price during the day was 87.96 . The net volume was 1.3 M. The overall trading history on the 2nd of May contributed to the next trading period price boost. The overall trading delta to the next next day price was 0.10% . The trading price change to current price is 5.64% . |
Cooper Companies Fundamentals Correlations and Trends
By evaluating Cooper Companies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cooper Companies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cooper financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cooper Companies Stock history
Cooper Companies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cooper is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cooper Companies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cooper Companies stock prices may prove useful in developing a viable investing in Cooper Companies
The Cooper Companies, Inc., together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The Cooper Companies, Inc. was founded in 1958 and is headquartered in San Ramon, California. Cooper Companies operates under Medical Instruments Supplies classification in the United States and is traded on New York Stock Exchange. It employs 14000 people.
Cooper Companies Stock Technical Analysis
Cooper Companies 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.
Price Boundaries
Cooper Companies Period Price Range
Low | May 1, 2024
| High |
89.03 | 89.66 |
Cooper Companies May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Cooper Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cooper Companies shares will generate the highest return on investment. By undertsting and applying Cooper Companies stock market strength indicators, traders can identify The Cooper Companies entry and exit signals to maximize returns
Cooper Companies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cooper Companies' price direction in advance. Along with the technical and fundamental analysis of Cooper Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cooper to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0201 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0193 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Cooper Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Cooper Stock analysis
When running Cooper Companies' price analysis, check to measure Cooper Companies' 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 Cooper Companies is operating at the current time. Most of Cooper Companies' value examination focuses on studying past and present price action to predict the probability of Cooper Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cooper Companies' price. Additionally, you may evaluate how the addition of Cooper Companies to your portfolios can decrease your overall portfolio volatility.
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Is Cooper Companies' 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 Cooper Companies. If investors know Cooper 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 Cooper Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cooper Companies is measured differently than its book value, which is the value of Cooper that is recorded on the company's balance sheet. Investors also form their own opinion of Cooper Companies' value that differs from its market value or its book value, called intrinsic value, which is Cooper Companies' 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 Cooper Companies' market value can be influenced by many factors that don't directly affect Cooper Companies' 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 Cooper Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cooper Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cooper Companies' 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.