Rogers Correlations

ROG Stock  USD 93.89  0.10  0.11%   
The current 90-days correlation between Rogers and Hooker Furniture is 0.1 (i.e., Average diversification). The correlation of Rogers 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.

Rogers Correlation With Market

Average diversification

The correlation between Rogers and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rogers 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 Rogers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Rogers Stock please use our How to Invest in Rogers guide.

Moving together with Rogers Stock

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Moving against Rogers Stock

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  0.39ANET Arista NetworksPairCorr
  0.38KVHI KVH IndustriesPairCorr
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  0.31QBTS D Wave QuantumPairCorr
  0.61FCUV Focus UniversalPairCorr
  0.52TER Teradyne Downward RallyPairCorr
  0.49VCSA Vacasa IncPairCorr
  0.49KLAC KLA TencorPairCorr
  0.41CLFD ClearfieldPairCorr

Related Correlations Analysis

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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   
TFIIHOFT
WRNHOFT
FLYXSUM
TFIIIRDM
LOMLFWRN
IRDMHOFT
  
High negative correlations   
FLYXHOFT
LOMLFSUM
TFIIFLYX
FLYXWRN
WRNSUM
TFIILOMLF

Risk-Adjusted Indicators

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