Rocket Internet Correlations

Stocks . Germany . 
Stock . Rocket Internet SE
RKET Stock  EUR 16.00  0.30  1.84%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rocket Internet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rocket Internet SE moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Rocket Internet Correlation With Market

Average diversification

The correlation between Rocket Internet SE and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocket Internet SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Rocket Internet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rocket Internet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rocket Internet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rocket Internet SE to buy it.

Moving together with Rocket Stock

  0.72LLD2 Lloyds Banking GroupPairCorr
  0.81TKDA Takeda PharmaceuticalPairCorr
  0.73JYS1 JYSKE BANKPairCorr
  0.79TKA thyssenkrupp AGPairCorr
  0.755TP BLUE LABELPairCorr
  0.79BSN Danone SAPairCorr
  0.643RE Rejlerkoncernen ABPairCorr

Moving against Rocket Stock

  0.72KBIA KB Financial GroupPairCorr
  0.7FOO SalesforcePairCorr
  0.680WKA WorkivaPairCorr
  0.642TY PagerDutyPairCorr
  0.632Y7 Fastly IncPairCorr
  0.49SID State BankPairCorr
  0.36OIX ORIXPairCorr
  0.59DBPD Xtrackers ShortDAXPairCorr
  0.5APC Apple IncPairCorr
  0.46T9V TASTY PLC LSPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Rocket Internet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Rocket Internet Corporate Management

Elected by the shareholders, the Rocket Internet's board of directors comprises two types of representatives: Rocket Internet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rocket. The board's role is to monitor Rocket Internet's management team and ensure that shareholders' interests are well served. Rocket Internet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rocket Internet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Charlie HungRocket DirectorProfile
Patrick FinkGlobal IntelligenceProfile
Eyad AlkassarManaging GroupProfile
Soheil MirpourMember BoardProfile
Alexander SamwerCoFounderProfile
Norbert LangManagement BoardProfile
Arnd LodowicksChief OfficerProfile
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