Mr. Cooper Group Inc. Common Stock (COOP) Correlation Distribution
Across 6,809 rolling correlation observations between Mr. Cooper Group Inc. Common Stock (COOP) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,809
- Mean correlation
- -0.089
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 16.3%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 358 | 5.3% | |
| -0.8 to -0.7 | 358 | 5.3% | |
| -0.7 to -0.6 | 837 | 12.3% | |
| -0.6 to -0.5 | 837 | 12.3% | |
| -0.5 to -0.4 | 505 | 7.4% | |
| -0.4 to -0.3 | 504 | 7.4% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 186 | 2.7% | |
| 0.2 to 0.3 | 186 | 2.7% | |
| 0.3 to 0.4 | 208 | 3.1% | |
| 0.4 to 0.5 | 207 | 3.0% | |
| 0.5 to 0.6 | 261 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 386 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 340 | 5.0% |
Frequently asked questions
What is the average correlation of COOP?
Mr. Cooper Group Inc. Common Stock (COOP) has an average correlation of about -0.089 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is COOP positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for COOP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for COOP.
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