Rocket Companies Correlations

Stocks . USA . 
Stock . Rocket Companies
RKT Stock  USD 17.77  0.12  0.67%   
The current 90-days correlation between Rocket Companies and Mr Cooper Group is 0.98 (i.e., Almost no diversification). The correlation of Rocket Companies 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.

Rocket Companies Correlation With Market

Weak diversification

The correlation between Rocket Companies and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocket Companies and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

Moving together with Rocket Stock

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  0.93DB Deutsche Bank AGPairCorr
  0.63DX Dynex CapitalPairCorr
  0.75GS Goldman Sachs GroupPairCorr
  0.9LC LendingClub CorpPairCorr
  0.76MC MoelisPairCorr
  0.78MS Morgan StanleyPairCorr
  0.75PX P10 IncPairCorr
  0.9QD Qudian Inc Earnings Call This WeekPairCorr
  0.87RM Regional Management Corp Normal TradingPairCorr
  0.79SF Stifel FinancialPairCorr
  0.89WD Walker DunlopPairCorr
  0.72WT WisdomTreePairCorr
  0.7DOMH Dominari HoldingsPairCorr
  0.82VCTR Victory Capital HoldingsPairCorr
  0.63VINP Vinci Partners InvesPairCorr
  0.65DYCQ DT Cloud AcquisitionPairCorr
  0.85ESHA ESH Acquisition CorpPairCorr

Moving against Rocket Stock

  0.75AC Associated CapitalPairCorr
  0.64V Visa Class APairCorr
  0.59LX Lexinfintech HoldingsPairCorr
  0.58RC Ready Capital CorpPairCorr
  0.8ETOR eToro GroupPairCorr
  0.71TW Tradeweb MarketsPairCorr
  0.69XP Xp Inc Normal TradingPairCorr
  0.57DMYY dMY Squared TechnologyPairCorr
  0.44WU Western UnionPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Rocket Stock performing well and Rocket Companies 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 Rocket Companies' 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.

Rocket Companies Corporate Management

Tim BirkmeierPresident - Rocket MortgageProfile
William BanfieldExecutive MortgageProfile
Papanii OkaiExecutive EngineeringProfile
Nicole BeattieChief AmrockProfile
Aaron EmersonChief OfficerProfile
KimArie YowellChief OfficerProfile
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