Rocket Companies Stock Beta

RKT Stock

USD 14.06 0.51 3.50%

Rocket Companies fundamentals help investors to digest information that contributes to Rocket Companies' financial success or failures. It also enables traders to predict the movement of Rocket Stock. The fundamental analysis module provides a way to measure Rocket Companies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Rocket Companies stock.

Short Long Term Debt Total Total Assets

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Rocket Companies Company Beta Analysis

Rocket Companies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Rocket Companies Beta

2.44

Most of Rocket Companies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Rocket Companies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Rocket Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Rocket Companies is extremely important. It helps to project a fair market value of Rocket Stock properly, considering its historical fundamentals such as Beta. Since Rocket Companies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Rocket Companies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Rocket Companies' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Long Term Debt Total	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Cash And Equivalents	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Investments
Total Assets		-0.78	-0.27	-0.86	0.9	0.97	0.63	0.06	0.51	0.78	0.63	0.95	0.62	0.56	-0.82	-0.79	0.82	0.31	0.36	-0.79	0.89	0.51
Total Stockholder Equity	-0.78		0.38	0.75	-0.7	-0.74	-0.65	-0.12	-0.8	-0.45	-0.73	-0.6	-0.14	-0.63	0.75	0.99	-0.39	-0.55	-0.77	0.99	-0.59	-0.5
Net Tangible Assets	-0.27	0.38		0.04	-0.33	-0.12	0.35	0.57	0.2	-0.64	0.32	-0.3	-0.22	-0.72	0.05	0.33	-0.05	-0.2	0.1	0.33	0.19	0.42
Current Deferred Revenue	-0.86	0.75	0.04		-0.65	-0.83	-0.59	-0.16	-0.7	-0.48	-0.65	-0.74	-0.36	-0.54	1.0	0.77	-0.51	-0.47	-0.63	0.77	-0.82	-0.46
Net Debt	0.9	-0.7	-0.33	-0.65		0.85	0.61	-0.08	0.39	0.79	0.56	0.94	0.78	0.52	-0.6	-0.66	0.78	-0.06	0.21	-0.66	0.74	0.61
Accounts Payable	0.97	-0.74	-0.12	-0.83	0.85		0.7	0.3	0.54	0.7	0.72	0.91	0.57	0.34	-0.78	-0.76	0.86	0.34	0.37	-0.76	0.94	0.56
Long Term Debt	0.63	-0.65	0.35	-0.59	0.61	0.7		0.41	0.81	0.08	0.96	0.5	0.18	0.06	-0.57	-0.67	0.58	0.13	0.63	-0.67	0.79	0.95
Net Receivables	0.06	-0.12	0.57	-0.16	-0.08	0.3	0.41		0.41	-0.25	0.56	-0.04	-0.25	-0.64	-0.13	-0.16	0.15	0.39	0.32	-0.16	0.37	0.32
Good Will	0.51	-0.8	0.2	-0.7	0.39	0.54	0.81	0.41		-0.08	0.9	0.27	-0.17	0.26	-0.72	-0.82	0.15	0.5	0.96	-0.82	0.57	0.7
Short Term Investments	0.78	-0.45	-0.64	-0.48	0.79	0.7	0.08	-0.25	-0.08		0.06	0.88	0.8	0.57	-0.43	-0.42	0.72	0.06	-0.18	-0.42	0.51	0.01
Long Term Debt Total	0.63	-0.73	0.32	-0.65	0.56	0.72	0.96	0.56	0.9	0.06		0.46	0.07	0.05	-0.63	-0.75	0.48	0.33	0.75	-0.75	0.77	0.87
Total Liab	0.95	-0.6	-0.3	-0.74	0.94	0.91	0.5	-0.04	0.27	0.88	0.46		0.84	0.5	-0.68	-0.59	0.86	0.05	0.1	-0.59	0.82	0.44
Net Invested Capital	0.62	-0.14	-0.22	-0.36	0.78	0.57	0.18	-0.25	-0.17	0.8	0.07	0.84		0.28	-0.29	-0.09	0.72	-0.46	-0.36	-0.09	0.52	0.28
Short Long Term Debt	0.56	-0.63	-0.72	-0.54	0.52	0.34	0.06	-0.64	0.26	0.57	0.05	0.5	0.28		-0.58	-0.61	0.14	0.25	0.33	-0.61	0.17	-0.02
Total Current Assets	-0.82	0.75	0.05	1.0	-0.6	-0.78	-0.57	-0.13	-0.72	-0.43	-0.63	-0.68	-0.29	-0.58		0.78	-0.44	-0.5	-0.67	0.78	-0.78	-0.43
Capital Stock	-0.79	0.99	0.33	0.77	-0.66	-0.76	-0.67	-0.16	-0.82	-0.42	-0.75	-0.59	-0.09	-0.61	0.78		-0.41	-0.62	-0.78	1.0	-0.63	-0.49
Cash And Equivalents	0.82	-0.39	-0.05	-0.51	0.78	0.86	0.58	0.15	0.15	0.72	0.48	0.86	0.72	0.14	-0.44	-0.41		0.0	-0.08	-0.41	0.85	0.5
Short Term Debt	0.31	-0.55	-0.2	-0.47	-0.06	0.34	0.13	0.39	0.5	0.06	0.33	0.05	-0.46	0.25	-0.5	-0.62	0.0		0.61	-0.62	0.24	-0.16
Intangible Assets	0.36	-0.77	0.1	-0.63	0.21	0.37	0.63	0.32	0.96	-0.18	0.75	0.1	-0.36	0.33	-0.67	-0.78	-0.08	0.61		-0.78	0.36	0.51
Common Stock	-0.79	0.99	0.33	0.77	-0.66	-0.76	-0.67	-0.16	-0.82	-0.42	-0.75	-0.59	-0.09	-0.61	0.78	1.0	-0.41	-0.62	-0.78		-0.63	-0.49
Property Plant Equipment	0.89	-0.59	0.19	-0.82	0.74	0.94	0.79	0.37	0.57	0.51	0.77	0.82	0.52	0.17	-0.78	-0.63	0.85	0.24	0.36	-0.63		0.68
Long Term Investments	0.51	-0.5	0.42	-0.46	0.61	0.56	0.95	0.32	0.7	0.01	0.87	0.44	0.28	-0.02	-0.43	-0.49	0.5	-0.16	0.51	-0.49	0.68

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Rocket Companies

In accordance with the recently published financial statements, Rocket Companies has a Beta of 2.439. This is 197.44% higher than that of the Financial Services sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.

Rocket Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rocket Companies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Rocket Companies could also be used in its relative valuation, which is a method of valuing Rocket Companies by comparing valuation metrics of similar companies.

Rocket Companies is currently under evaluation in beta category among its peers.

Rocket Companies ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Rocket Companies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Rocket Companies' managers, analysts, and investors.

Environmental

Governance

Social

Rocket Companies Institutional Holders

Institutional Holdings refers to the ownership stake in Rocket Companies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Rocket Companies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Rocket Companies' value.

		Shares
Renaissance Technologies Corp	2024-09-30	2.8 M
Geode Capital Management, Llc	2024-09-30	2 M
Voloridge Investment Management, Llc	2024-09-30	1.6 M
Bruni J V & Co	2024-09-30	1.5 M
J. Goldman & Co Lp	2024-09-30	1.5 M
Hillman Co	2024-09-30	1.3 M
First Trust Advisors L.p.	2024-06-30	1.1 M
Charles Schwab Investment Management Inc	2024-09-30	1 M
Alliancebernstein L.p.	2024-06-30	855.3 K
Vanguard Group Inc	2024-09-30	12.1 M
Boston Partners Global Investors, Inc	2024-09-30	9.5 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rocket Companies will likely underperform.

Rocket Fundamentals

	Return On Equity	-0.0291
	Return On Asset	0.005
	Profit Margin	(0) %
	Operating Margin	(0.48) %
	Current Valuation	23.54 B
	Shares Outstanding	138.4 M
	Shares Owned By Insiders	6.75 %
	Shares Owned By Institutions	74.74 %
	Number Of Shares Shorted	19.19 M
	Price To Earning	4.55 X
	Price To Book	3.07 X
	Price To Sales	6.73 X
	Revenue	3.61 B
	Gross Profit	6 B
	EBITDA	67.35 M
	Net Income	(15.51 M)
	Cash And Equivalents	722.29 M
	Cash Per Share	6.85 X
	Total Debt	9.56 B
	Debt To Equity	1.31 %
	Current Ratio	4.03 X
	Book Value Per Share	4.50 X
	Cash Flow From Operations	110.33 M
	Short Ratio	6.29 X
	Earnings Per Share	1.80 X
	Price To Earnings To Growth	1.40 X
	Target Price	15.61
	Number Of Employees	14.7 K
	Beta	2.44
	Market Capitalization	28.95 B
	Total Asset	19.23 B
	Retained Earnings	284.3 M
	Working Capital	1.07 B
	Current Asset	2.43 B
	Current Liabilities	1.36 B
	Net Asset	19.23 B

About Rocket Companies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rocket Companies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rocket Companies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rocket Companies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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