Rocket Companies Correlations

RKT Stock

USD 12.84 0.44 3.55%

The current 90-days correlation between Rocket Companies and Mr Cooper Group is 0.44 (i.e., Very weak 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 0.34 (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.

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 industry.

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

Moving together with Rocket Stock

0.86	WD	Walker Dunlop	Pair Corr
0.87	KREF	KKR Real Estate Earnings Call This Week	Pair Corr

Moving against Rocket Stock

0.73	FDUS	Fidus Investment Corp	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.6	DX	Dynex Capital	Pair Corr
0.52	APO	Apollo Global Management Earnings Call This Week	Pair Corr
0.36	MC	Moelis Earnings Call This Week	Pair Corr
0.74	ORC	Orchid Island Capital	Pair Corr
0.65	AXP	American Express	Pair Corr
0.5	DFS	Discover Financial	Pair Corr
0.44	PJT	PJT Partners Earnings Call This Week	Pair Corr
0.38	COF	Capital One Financial	Pair Corr
0.33	EFC	Ellington Financial	Pair Corr
0.81	MAIN	Main Street Capital	Pair Corr
0.77	GECC	Great Elm Capital	Pair Corr
0.75	LPLA	LPL Financial Holdings Sell-off Trend	Pair Corr
0.62	SYF	Synchrony Financial	Pair Corr
0.61	GCMG	GCM Grosvenor	Pair Corr
0.38	MCVT	Mill City Ventures	Pair Corr

Related Correlations Analysis

	LDI	COOP	PFSI	OCN	GHLD	UWMC	HMPT	ECPG	GHI	VEL
LDI		-0.02	-0.03	-0.62	0.61	0.32	-0.62	0.31	-0.03	0.63	LDI
COOP	-0.02		0.85	0.33	-0.55	0.07	0.24	0.82	0.1	-0.12	COOP
PFSI	-0.03	0.85		0.26	-0.53	0.37	0.27	0.76	0.21	-0.01	PFSI
OCN	-0.62	0.33	0.26		-0.43	-0.22	0.26	0.04	0.0	-0.56	OCN
GHLD	0.61	-0.55	-0.53	-0.43		0.12	-0.65	-0.36	-0.03	0.26	GHLD
UWMC	0.32	0.07	0.37	-0.22	0.12		-0.41	0.15	0.57	0.07	UWMC
HMPT	-0.62	0.24	0.27	0.26	-0.65	-0.41		0.17	-0.41	0.04	HMPT
ECPG	0.31	0.82	0.76	0.04	-0.36	0.15	0.17		-0.15	0.3	ECPG
GHI	-0.03	0.1	0.21	0.0	-0.03	0.57	-0.41	-0.15		-0.49	GHI
VEL	0.63	-0.12	-0.01	-0.56	0.26	0.07	0.04	0.3	-0.49		VEL
	LDI	COOP	PFSI	OCN	GHLD	UWMC	HMPT	ECPG	GHI	VEL

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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

PFSI	+ 0.85	COOP
ECPG	+ 0.82	COOP
ECPG	+ 0.76	PFSI
VEL	+ 0.63	LDI
GHLD	+ 0.61	LDI
GHI	+ 0.57	UWMC

High negative correlations

HMPT	- 0.65	GHLD
HMPT	- 0.62	LDI
OCN	- 0.62	LDI
VEL	- 0.56	OCN
GHLD	- 0.55	COOP
GHLD	- 0.53	PFSI

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LDI	2.66	(0.26)	0.00	(0.54)	0.00	0.00	6.04	(5.41)	27.05
COOP	1.40	0.22	0.13	0.35	1.35	(1.61)	3.33	(2.29)	8.79
PFSI	1.22	0.13	0.07	0.27	1.35	(1.29)	2.43	(2.05)	6.28
OCN	1.90	0.26	0.07	2.47	2.40	(2.05)	4.38	(3.44)	20.86
GHLD	1.46	(0.25)	0.00	(2.68)	0.00	0.00	3.57	(3.37)	13.35
UWMC	1.99	(0.08)	0.00	(0.20)	0.00	0.00	4.47	(3.75)	9.94
HMPT	1.32	0.39	0.11	(0.46)	1.31	(2.40)	4.55	(2.60)	19.28
ECPG	1.23	0.06	0.02	0.18	1.28	(1.29)	2.55	(2.05)	7.90
GHI	1.66	(0.09)	0.00	(1.82)	0.00	0.00	3.20	(2.99)	11.72
VEL	0.78	(0.05)	0.00	(2.08)	0.00	0.00	1.45	(2.03)	6.22

Rocket Companies Corporate Management

Tim Birkmeier	President - Rocket Mortgage	Profile
William Banfield	Executive Mortgage	Profile
Nicole Beattie	Chief Amrock	Profile
KimArie Yowell	Chief Officer	Profile
Nancy Tellem	Independent Director	Profile

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