RumbleON Correlations

RMBLDelisted Stock  USD 3.21  0.90  38.96%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RumbleON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RumbleON moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RumbleON Correlation With Market

Very weak diversification

The correlation between RumbleON and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RumbleON and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with RumbleON Stock

  0.63GE GE AerospacePairCorr
  0.68DIS Walt DisneyPairCorr
  0.65JPM JPMorgan ChasePairCorr

Moving against RumbleON Stock

  0.64DECAU Denali Capital AcquiPairCorr
  0.35T ATT Inc Aggressive PushPairCorr

Related Correlations Analysis


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

GORVFFAI
XLVLTA
POLVLTA
FFAIVLTA
QVCGAVLTA
APRNVLTA
  

High negative correlations

GORVQVCGA
QVCGAFFAI
FSRNQCZOO
FSRNQGORV
CZOOGORV
FSRNQAPRN

Risk-Adjusted Indicators

There is a big difference between RumbleON Stock performing well and RumbleON 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 RumbleON's 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VLTA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
XL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
POL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FFAI  3.55 (0.35) 0.00 (0.24) 0.00 
 8.11 
 20.97 
QVCGA  5.90  0.18  0.02  0.32  8.94 
 14.97 
 41.44 
APRN  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GORV  7.93 (2.70) 0.00 (0.78) 0.00 
 13.27 
 54.71 
CZOO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FSRNQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Delisting Warning - RMBL

RumbleON was delisted

The entity RumbleON with a symbol RMBL was delisted from NASDAQ Exchange. Please try RideNow Group with a symbol RDNW from now on. Check all delisted instruments accross multiple markets.

RumbleON Corporate Executives

Elected by the shareholders, the RumbleON's board of directors comprises two types of representatives: RumbleON inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RumbleON. The board's role is to monitor RumbleON's management team and ensure that shareholders' interests are well served. RumbleON's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RumbleON's outside directors are responsible for providing unbiased perspectives on the board's policies.

Still Interested in RumbleON?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.