Rocket Companies Correlations

RKT Stock

USD 13.74 0.13 0.96%

The current 90-days correlation between Rocket Companies and Mr Cooper Group is 0.5 (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

Significant diversification

The correlation between Rocket Companies and DJI is 0.05 (i.e., Significant 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

0.74	RC	Ready Capital Corp	Pair Corr
0.75	RM	Regional Management Corp	Pair Corr
0.84	WU	Western Union	Pair Corr
0.86	XP	Xp Inc	Pair Corr

Moving against Rocket Stock

0.92	DIST	Distoken Acquisition	Pair Corr
0.92	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.9	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.88	BX	Blackstone Group Normal Trading	Pair Corr
0.86	QD	Qudian Inc	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.84	CG	Carlyle Group	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.83	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.82	MA	Mastercard	Pair Corr
0.81	BN	Brookfield Corp	Pair Corr
0.79	V	Visa Class A	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.75	LX	Lexinfintech Holdings	Pair Corr
0.73	AB	AllianceBernstein	Pair Corr
0.72	TW	Tradeweb Markets Normal Trading	Pair Corr
0.61	MC	Moelis	Pair Corr
0.55	DHIL	Diamond Hill Investment	Pair Corr
0.87	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.81	WT	WisdomTree	Pair Corr
0.8	VRTS	Virtus Investment	Pair Corr
0.79	DYCQ	DT Cloud Acquisition	Pair Corr
0.76	VIRT	Virtu Financial Normal Trading	Pair Corr
0.71	DUET	DUET Acquisition Corp	Pair Corr
0.54	GCMGW	GCM Grosvenor	Pair Corr
0.44	TETEU	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	LDI	COOP	PFSI	OCN	GHLD	UWMC	HMPT	ECPG	GHI	VEL
LDI		0.11	0.42	-0.48	0.54	0.57	-0.31	0.69	0.09	-0.12	LDI
COOP	0.11		0.03	0.42	-0.41	-0.45	0.38	0.47	-0.51	0.55	COOP
PFSI	0.42	0.03		-0.58	0.66	0.55	-0.04	-0.02	0.45	0.29	PFSI
OCN	-0.48	0.42	-0.58		-0.67	-0.65	0.26	0.09	-0.56	0.27	OCN
GHLD	0.54	-0.41	0.66	-0.67		0.88	-0.46	-0.04	0.73	-0.34	GHLD
UWMC	0.57	-0.45	0.55	-0.65	0.88		-0.7	0.14	0.75	-0.54	UWMC
HMPT	-0.31	0.38	-0.04	0.26	-0.46	-0.7		-0.24	-0.35	0.53	HMPT
ECPG	0.69	0.47	-0.02	0.09	-0.04	0.14	-0.24		-0.32	-0.02	ECPG
GHI	0.09	-0.51	0.45	-0.56	0.73	0.75	-0.35	-0.32		-0.54	GHI
VEL	-0.12	0.55	0.29	0.27	-0.34	-0.54	0.53	-0.02	-0.54		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

UWMC	+ 0.88	GHLD
GHI	+ 0.75	UWMC
GHI	+ 0.73	GHLD
ECPG	+ 0.69	LDI
GHLD	+ 0.66	PFSI
UWMC	+ 0.57	LDI

High negative correlations

HMPT	- 0.7	UWMC
GHLD	- 0.67	OCN
UWMC	- 0.65	OCN
OCN	- 0.58	PFSI
GHI	- 0.56	OCN
VEL	- 0.54	GHI

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	3.80	(0.58)	0.00	(0.05)	0.00	0.00	9.22	(6.50)	26.03
COOP	1.33	0.00	0.02	0.12	1.48	(1.47)	2.86	(2.70)	9.12
PFSI	1.24	0.03	(0.01)	0.16	1.47	(1.31)	2.61	(2.17)	7.68
OCN	1.90	0.37	0.06	(0.31)	2.40	(2.05)	4.38	(3.44)	20.86
GHLD	1.67	(0.27)	0.00	1.10	0.00	0.00	3.57	(3.77)	11.75
UWMC	1.68	(0.71)	0.00	(0.75)	0.00	0.00	2.49	(3.51)	10.20
HMPT	1.32	0.30	0.10	1.69	1.31	(2.40)	4.55	(2.60)	19.28
ECPG	1.37	(0.15)	(0.07)	0.01	1.53	(1.58)	3.27	(2.42)	9.26
GHI	1.36	(0.11)	0.00	6.48	0.00	0.00	3.13	(2.81)	11.65
VEL	0.64	0.14	0.05	0.61	0.60	(0.73)	1.69	(1.12)	4.30

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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