RumbleON Correlations

RMBL Stock

USD 3.61 0.18 5.25%

The current 90-days correlation between RumbleON and CarGurus is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RumbleON moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RumbleON moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RumbleON Correlation With Market

Weak diversification

The correlation between RumbleON and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RumbleON 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 RumbleON. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy RumbleON Stock please use our How to buy in RumbleON Stock guide.

Moving together with RumbleON Stock

0.82	M	Macys Inc	Pair Corr
0.69	W	Wayfair	Pair Corr
0.82	FL	Foot Locker	Pair Corr
0.9	LE	Lands End Earnings Call This Week	Pair Corr
0.79	DLTH	Duluth Holdings	Pair Corr
0.86	VSCO	Victorias Secret	Pair Corr
0.79	EDUC	Educational Development	Pair Corr
0.72	ETSY	Etsy Inc	Pair Corr
0.77	WINA	Winmark	Pair Corr
0.93	EVGO	Evgo Inc	Pair Corr
0.89	WOOF	Pet Acquisition LLC	Pair Corr
0.88	FIVE	Five Below	Pair Corr
0.76	AEO	American Eagle Outfitters	Pair Corr
0.8	AKA	AKA Brands Holding	Pair Corr
0.79	ANF	Abercrombie Fitch	Pair Corr
0.63	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.89	AZI	Autozi Internet Tech	Pair Corr
0.66	BBW	Build A Bear	Pair Corr
0.67	BGI	Birks Group	Pair Corr
0.75	BKE	Buckle Inc	Pair Corr
0.95	CAL	Continental	Pair Corr

Moving against RumbleON Stock

0.62	VIPS	Vipshop Holdings	Pair Corr
0.58	EBAY	eBay Inc	Pair Corr
0.53	JD	JD Inc Adr Aggressive Push	Pair Corr
0.52	JL	J Long Group	Pair Corr
0.6	AZO	AutoZone	Pair Corr

Related Correlations Analysis

	GPI	PAG	LAD	AN	ABG	CARG	KAR	KFS	DRVN	SAH
GPI		0.83	0.44	0.91	0.89	0.39	0.32	-0.17	-0.16	0.92	GPI
PAG	0.83		0.3	0.68	0.79	0.17	0.55	-0.23	0.15	0.78	PAG
LAD	0.44	0.3		0.65	0.54	0.82	-0.31	0.68	0.0	0.56	LAD
AN	0.91	0.68	0.65		0.89	0.63	0.1	0.03	-0.12	0.95	AN
ABG	0.89	0.79	0.54	0.89		0.47	0.23	-0.12	0.0	0.93	ABG
CARG	0.39	0.17	0.82	0.63	0.47		-0.45	0.58	0.02	0.58	CARG
KAR	0.32	0.55	-0.31	0.1	0.23	-0.45		-0.49	0.41	0.19	KAR
KFS	-0.17	-0.23	0.68	0.03	-0.12	0.58	-0.49		0.07	-0.05	KFS
DRVN	-0.16	0.15	0.0	-0.12	0.0	0.02	0.41	0.07		-0.03	DRVN
SAH	0.92	0.78	0.56	0.95	0.93	0.58	0.19	-0.05	-0.03		SAH
	GPI	PAG	LAD	AN	ABG	CARG	KAR	KFS	DRVN	SAH

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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

SAH	+ 0.95	AN
SAH	+ 0.93	ABG
SAH	+ 0.92	GPI
AN	+ 0.91	GPI
ABG	+ 0.89	GPI
ABG	+ 0.89	AN

High negative correlations

KFS	- 0.49	KAR
KAR	- 0.45	CARG
KAR	- 0.31	LAD
KFS	- 0.23	PAG
KFS	- 0.17	GPI
DRVN	- 0.16	GPI

Risk-Adjusted Indicators

There is a big difference between RumbleON Stock performing well and RumbleON 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 RumbleON's 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
GPI	1.23	0.00	0.00	(0.09)	0.00	0.00	2.31	(2.41)	13.30
PAG	1.31	(0.02)	0.00	(0.11)	0.00	0.00	1.97	(2.58)	12.10
LAD	1.48	(0.20)	0.00	(0.25)	0.00	0.00	3.40	(3.71)	10.18
AN	1.29	0.02	0.00	(0.08)	0.00	0.00	2.26	(3.60)	8.00
ABG	1.63	0.02	0.00	(0.08)	0.00	0.00	2.92	(3.29)	18.09
CARG	1.77	(0.10)	0.00	(0.15)	0.00	0.00	3.15	(4.18)	20.92
KAR	1.27	0.14	0.08	0.04	1.58	(1.29)	2.50	(3.03)	7.85
KFS	1.25	(0.12)	0.00	(0.32)	0.00	0.00	2.59	(2.75)	10.70
DRVN	1.42	0.17	0.09	0.07	1.70	(1.50)	2.68	(3.47)	12.31
SAH	1.43	(0.03)	0.00	(0.12)	0.00	0.00	2.72	(3.08)	11.27

RumbleON Corporate Executives

Elected by the shareholders, the RumbleON's board of directors comprises two types of representatives: RumbleON inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RumbleON. The board's role is to monitor RumbleON's management team and ensure that shareholders' interests are well served. RumbleON'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, RumbleON's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Cameron Tkach	EVP COO	Profile
	Peter Levy	Pres COO	Profile

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