RKT Stock | | | USD 12.58 0.74 5.56% |
Rocket Companies financial indicator trend analysis is much more than just breaking down Rocket Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocket Companies is a good investment. Please check the relationship between Rocket Companies Interest Income and its Net Interest Income accounts. 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.
Interest Income vs Net Interest Income
Interest Income vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rocket Companies Interest Income account and
Net Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Rocket Companies' Interest Income and Net Interest Income is -0.23. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Rocket Companies, assuming nothing else is changed. The correlation between historical values of Rocket Companies' Interest Income and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Rocket Companies are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Interest Income i.e., Rocket Companies' Interest Income and Net Interest Income go up and down completely randomly.
Correlation Coefficient | -0.23 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from Rocket Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocket Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Rocket Companies'
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 144.76 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.43 in 2024.
Rocket Companies fundamental ratios Correlations
Click cells to compare fundamentals
Rocket Companies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rocket Companies fundamental ratios Accounts
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Additional Tools for Rocket Stock Analysis
When running Rocket Companies' price analysis, check to
measure Rocket Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rocket Companies is operating at the current time. Most of Rocket Companies' value examination focuses on studying past and present price action to
predict the probability of Rocket Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket Companies' price. Additionally, you may evaluate how the addition of Rocket Companies to your portfolios can decrease your overall portfolio volatility.