Robinhood Markets Correlations

HOOD Stock

USD 44.36 0.70 1.60%

The current 90-days correlation between Robinhood Markets and Crowdstrike Holdings is 0.2 (i.e., Modest diversification). The correlation of Robinhood Markets 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.

Robinhood Markets Correlation With Market

Good diversification

The correlation between Robinhood Markets and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robinhood Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Robinhood Markets. 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 information on how to trade Robinhood Stock refer to our How to Trade Robinhood Stock guide.

Moving together with Robinhood Stock

0.91	GS	Goldman Sachs Group	Pair Corr
0.83	MS	Morgan Stanley	Pair Corr
0.66	SCHW-PJ	Charles Schwab	Pair Corr
0.62	NCPL	Netcapital	Pair Corr
0.91	FRHC	Freedom Holding Corp	Pair Corr
0.64	HLI	Houlihan Lokey	Pair Corr
0.71	LAZ	Lazard	Pair Corr
0.83	MRX	Marex Group plc	Pair Corr
0.68	NMR	Nomura Holdings ADR	Pair Corr
0.79	PJT	PJT Partners	Pair Corr

Moving against Robinhood Stock

0.6	MKTX	MarketAxess Holdings	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr

Related Correlations Analysis

	CRWD	PLTR	NET	ADBE	PANW	SPLK	PATH	S	ZS
CRWD		0.84	0.88	0.47	0.76	0.0	0.65	0.63	0.73	CRWD
PLTR	0.84		0.87	0.36	0.68	0.0	0.35	0.31	0.79	PLTR
NET	0.88	0.87		0.47	0.63	0.0	0.47	0.39	0.75	NET
ADBE	0.47	0.36	0.47		0.62	0.0	0.68	0.61	0.22	ADBE
PANW	0.76	0.68	0.63	0.62		0.0	0.49	0.52	0.62	PANW
SPLK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SPLK
PATH	0.65	0.35	0.47	0.68	0.49	0.0		0.94	0.29	PATH
S	0.63	0.31	0.39	0.61	0.52	0.0	0.94		0.22	S
ZS	0.73	0.79	0.75	0.22	0.62	0.0	0.29	0.22		ZS
	CRWD	PLTR	NET	ADBE	PANW	SPLK	PATH	S	ZS

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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

S	+ 0.94	PATH
NET	+ 0.88	CRWD
NET	+ 0.87	PLTR
PLTR	+ 0.84	CRWD
ZS	+ 0.79	PLTR
PANW	+ 0.76	CRWD

High negative correlations

ZS	- 0.0	SPLK
S	- 0.0	SPLK
PATH	- 0.0	SPLK
SPLK	- 0.0	PANW
SPLK	- 0.0	ADBE
SPLK	- 0.0	NET

Risk-Adjusted Indicators

There is a big difference between Robinhood Stock performing well and Robinhood Markets 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 Robinhood Markets' 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
CRWD	2.59	0.12	0.03	0.01	3.24	(2.78)	5.48	(6.34)	16.73
PLTR	3.93	0.56	0.09	0.18	4.77	(4.11)	8.31	(10.05)	34.72
NET	2.47	0.20	0.06	0.13	3.23	(2.46)	3.79	(4.87)	26.62
ADBE	1.27	(0.19)	0.00	(0.24)	0.00	0.00	2.24	(3.06)	18.02
PANW	1.63	(0.04)	0.00	(0.10)	0.00	0.00	3.41	(3.90)	9.22
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PATH	2.50	(0.20)	0.00	(0.17)	0.00	0.00	4.77	(5.20)	26.12
S	1.76	(0.24)	0.00	(0.30)	0.00	0.00	2.93	(5.13)	13.27
ZS	1.85	0.14	0.05	0.06	2.51	(1.88)	3.26	(4.06)	13.77

Robinhood Markets Corporate Management

Jason CPA	Chief Officer	Profile
Vladimir Tenev	President, CoFounder	Profile
Jason Warnick	Chief Officer	Profile
Alex Mesa	Head Experience	Profile
Ravi Mehta	Chief Officer	Profile
Irvin Sha	Head Markets	Profile
Surabhi Gupta	Head Engineering	Profile

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