Rocket Companies Correlations

Rocket Companies Correlation With Market

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 employment. For more information on how to buy Rocket Stock please use our How to Invest in Rocket Companies guide.

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 AIG + 0.77 MET AMP + 0.69 NDAQ JPM + 0.56 MET MSCI + 0.54 NDAQ BSBR + 0.52 MSCI AMP + 0.49 MSCI

High negative correlations AIG - 0.57 BSBR ALL - 0.45 MSCI BSBR - 0.37 MET JPM - 0.3 BSBR AIG - 0.26 MSCI BSBR - 0.2 ALL

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.