Rocky Brands Correlations

Stocks . USA . 
Stock . Rocky Brands
RCKY Stock  USD 18.12  0.40  2.16%   
The current 90-days correlation between Rocky Brands and Vera Bradley is 0.31 (i.e., Weak diversification). The correlation of Rocky Brands 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Rocky Brands Correlation With Market

Very weak diversification

The correlation between Rocky Brands and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocky Brands 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 Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.

Moving together with Rocky Stock

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Moving against Rocky Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

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

Rocky Brands Corporate Management

CPA CPACFO, VPProfile
Byron WorthamMarketing SalesProfile
Mark DeanVP DivisionProfile
Scott JenkinsVP DevelProfile
Curtis EsqAssistant DirectorProfile
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