Rocket Companies Correlations

RKT Stock

USD 14.11 0.23 1.60%

The current 90-days correlation between Rocket Companies and Mr Cooper Group is -0.23 (i.e., Very good diversification). The correlation of Rocket Companies 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.

Rocket Companies Correlation With Market

Good diversification

The correlation between Rocket Companies and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocket Companies 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 Rocket Companies. 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 Rocket Stock please use our How to Invest in Rocket Companies guide.

Moving together with Rocket Stock

0.63	V	Visa Class A	Pair Corr
0.75	IVR	Invesco Mortgage Capital	Pair Corr
0.83	MFA	MFA Financial	Pair Corr
0.71	ORC	Orchid Island Capital	Pair Corr
0.83	TWO	Two Harbors Investments	Pair Corr
0.63	RILYZ	B Riley Financial	Pair Corr
0.63	RILYT	B Riley Financial	Pair Corr
0.67	BBUC	Brookfield Business Corp	Pair Corr
0.75	CB	Chubb	Pair Corr
0.89	DB	Deutsche Bank AG	Pair Corr

Moving against Rocket Stock

0.78	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.66	MC	Moelis	Pair Corr
0.61	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.58	AXP	American Express Sell-off Trend	Pair Corr
0.55	ABR	Arbor Realty Trust	Pair Corr
0.47	WD	Walker Dunlop	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.35	LAZ	Lazard	Pair Corr
0.31	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.81	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.74	CM	Canadian Imperial Bank	Pair Corr
0.67	BX	Blackstone Group Normal Trading	Pair Corr
0.64	CG	Carlyle Group Normal Trading	Pair Corr
0.62	WT	WisdomTree	Pair Corr
0.59	KB	KB Financial Group	Pair Corr
0.59	RY	Royal Bank	Pair Corr
0.58	PX	P10 Inc	Pair Corr
0.57	RF	Regions Financial	Pair Corr

Related Correlations Analysis

	LDI	COOP	PFSI	OCN	GHLD	UWMC	HMPT	ECPG	GHI	VEL
LDI		-0.49	0.31	0.0	0.37	-0.27	0.0	0.48	-0.83	0.57	LDI
COOP	-0.49		0.33	0.0	-0.66	0.89	0.0	-0.08	0.73	-0.55	COOP
PFSI	0.31	0.33		0.0	-0.3	0.41	0.0	0.5	-0.1	-0.24	PFSI
OCN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OCN
GHLD	0.37	-0.66	-0.3	0.0		-0.59	0.0	-0.27	-0.54	0.61	GHLD
UWMC	-0.27	0.89	0.41	0.0	-0.59		0.0	0.04	0.59	-0.42	UWMC
HMPT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HMPT
ECPG	0.48	-0.08	0.5	0.0	-0.27	0.04	0.0		-0.39	-0.2	ECPG
GHI	-0.83	0.73	-0.1	0.0	-0.54	0.59	0.0	-0.39		-0.55	GHI
VEL	0.57	-0.55	-0.24	0.0	0.61	-0.42	0.0	-0.2	-0.55		VEL
	LDI	COOP	PFSI	OCN	GHLD	UWMC	HMPT	ECPG	GHI	VEL

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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

UWMC	+ 0.89	COOP
GHI	+ 0.73	COOP
VEL	+ 0.61	GHLD
GHI	+ 0.59	UWMC
VEL	+ 0.57	LDI
ECPG	+ 0.5	PFSI

High negative correlations

GHI	- 0.83	LDI
GHLD	- 0.66	COOP
UWMC	- 0.59	GHLD
VEL	- 0.55	GHI
VEL	- 0.55	COOP
GHI	- 0.54	GHLD

Risk-Adjusted Indicators

There is a big difference between Rocket Stock performing well and Rocket Companies 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 Rocket Companies' 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
LDI	2.73	(0.46)	0.00	(0.46)	0.00	0.00	4.86	(6.09)	16.43
COOP	1.36	0.23	0.12	0.17	1.87	(1.35)	2.73	(2.56)	9.97
PFSI	1.48	0.05	0.00	(0.03)	0.00	0.00	3.14	(3.32)	12.76
OCN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHLD	1.91	0.18	0.09	0.15	1.98	(2.56)	4.43	(3.66)	13.33
UWMC	2.11	0.07	0.00	(0.02)	0.00	0.00	4.49	(3.92)	13.10
HMPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECPG	1.83	(0.39)	0.00	(0.37)	0.00	0.00	2.78	(3.16)	25.24
GHI	1.54	0.31	0.23	(1.17)	1.47	(1.73)	3.61	(2.59)	11.16
VEL	0.94	(0.11)	0.00	(0.54)	0.00	0.00	1.37	(2.05)	10.96

Rocket Companies Corporate Management

Tim Birkmeier	President - Rocket Mortgage	Profile
William Banfield	Executive Mortgage	Profile
Nicole Beattie	Chief Amrock	Profile
Aaron Emerson	Chief Officer	Profile
KimArie Yowell	Chief Officer	Profile

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