Rocket Companies Stock Price on September 11, 2024
RKT Stock | USD 13.74 0.13 0.96% |
If you're considering investing in Rocket Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rocket Companies stands at 13.74, as last reported on the 23rd of November, with the highest price reaching 13.91 and the lowest price hitting 13.69 during the day. Rocket Companies maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% return per unit of risk over the last 3 months. Rocket Companies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rocket Companies' Risk Adjusted Performance of (0.17), coefficient of variation of (428.79), and Variance of 6.73 to confirm the risk estimate we provide.
Rocket Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rocket |
Sharpe Ratio = -0.2332
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Estimated Market Risk
2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.61 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rocket Companies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rocket Companies by adding Rocket Companies to a well-diversified portfolio.
Related Headline
Loandepot Headline on 11th of September 2024
Disposition of 425445 shares by Anthony Hsieh of Loandepot a... by Anthony Hsieh
Filed transaction by Loandepot Director, 10 Percent Owner: . Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Rocket Companies Valuation on September 11, 2024
It is possible to determine the worth of Rocket Companies on a given historical date. On September 11, 2024 Rocket was worth 18.75 at the beginning of the trading date compared to the closed value of 18.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rocket Companies stock. Still, in general, we apply an absolute valuation method to find Rocket Companies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rocket Companies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rocket Companies' related companies.
Open | High | Low | Close | Volume | |
19.24 | 19.24 | 18.68 | 18.86 | 2,832,987 | |
09/11/2024 | 18.75 | 18.84 | 18.33 | 18.46 | 2,921,332 |
18.76 | 19.01 | 18.38 | 18.75 | 2,412,561 |
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Rocket Companies Trading Date Momentum on September 11, 2024
On September 12 2024 Rocket Companies was traded for 18.75 at the closing time. Highest Rocket Companies's price during the trading hours was 19.01 and the lowest price during the day was 18.38 . The net volume was 2.4 M. The overall trading history on the 12th of September 2024 contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 1.57% . The trading delta at closing time to current price is 2.82% . |
Rocket Companies Fundamentals Correlations and Trends
By evaluating Rocket Companies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rocket Companies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rocket financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rocket Companies Stock history
Rocket Companies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rocket is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rocket Companies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rocket Companies stock prices may prove useful in developing a viable investing in Rocket Companies
Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc. Rocket Companies operates under Mortgage Finance classification in the United States and is traded on New York Stock Exchange. It employs 26000 people.
Rocket Companies Stock Technical Analysis
Rocket Companies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Rocket Companies Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
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Rocket Companies November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Rocket Companies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rocket Companies shares will generate the highest return on investment. By undertsting and applying Rocket Companies stock market strength indicators, traders can identify Rocket Companies entry and exit signals to maximize returns
Rocket Companies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rocket Companies' price direction in advance. Along with the technical and fundamental analysis of Rocket Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rocket to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.17) | |||
Jensen Alpha | (0.63) | |||
Total Risk Alpha | (1.02) | |||
Treynor Ratio | (7.29) |
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Additional Tools for Rocket Stock Analysis
When running Rocket Companies' price analysis, check to measure Rocket Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocket Companies is operating at the current time. Most of Rocket Companies' value examination focuses on studying past and present price action to predict the probability of Rocket Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket Companies' price. Additionally, you may evaluate how the addition of Rocket Companies to your portfolios can decrease your overall portfolio volatility.