Rocket Companies Stock Market Value
| RKT Stock | USD 13.08 0.70 5.08% |
| Symbol | Rocket |
Rocket Companies Price To Book Ratio
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rocket Companies. If investors know Rocket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rocket Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.82) | Earnings Share (0.11) | Revenue Per Share | Quarterly Revenue Growth (0.41) | Return On Assets |
The market value of Rocket Companies is measured differently than its book value, which is the value of Rocket that is recorded on the company's balance sheet. Investors also form their own opinion of Rocket Companies' value that differs from its market value or its book value, called intrinsic value, which is Rocket Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rocket Companies' market value can be influenced by many factors that don't directly affect Rocket Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocket Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocket Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocket Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Rocket Companies 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Rocket Companies' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Rocket Companies.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Rocket Companies on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Rocket Companies or generate 0.0% return on investment in Rocket Companies over 30 days. Rocket Companies is related to or competes with Loandepot, Mr Cooper, PennyMac Finl, Guild Holdings, UWM Holdings, Encore Capital, and Greystone Housing. Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other f... More
Rocket Companies Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Rocket Companies' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Rocket Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.5 |
Rocket Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rocket Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rocket Companies' standard deviation. In reality, there are many statistical measures that can use Rocket Companies historical prices to predict the future Rocket Companies' volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.03) |
Rocket Companies Backtested Returns
Rocket Companies maintains Sharpe Ratio (i.e., Efficiency) of -0.0476, which implies the firm had a -0.0476 % return per unit of risk over the last 3 months. Rocket Companies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rocket Companies' Variance of 8.3, risk adjusted performance of (0.0004), and Coefficient Of Variation of (9,420) to confirm the risk estimate we provide. The company holds a Beta of 1.31, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rocket Companies will likely underperform. At this point, Rocket Companies has a negative expected return of -0.14%. Please make sure to check Rocket Companies' maximum drawdown, as well as the relationship between the daily balance of power and relative strength index , to decide if Rocket Companies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Rocket Companies has very weak reverse predictability. Overlapping area represents the amount of predictability between Rocket Companies time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Rocket Companies price movement. The serial correlation of -0.02 indicates that only 2.0% of current Rocket Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Rocket Companies lagged returns against current returns
Autocorrelation, which is Rocket Companies stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Rocket Companies' stock expected returns. We can calculate the autocorrelation of Rocket Companies returns to help us make a trade decision. For example, suppose you find that Rocket Companies has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Rocket Companies regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Rocket Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rocket Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rocket Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Rocket Companies Lagged Returns
When evaluating Rocket Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rocket Companies stock have on its future price. Rocket Companies autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Rocket Companies autocorrelation shows the relationship between Rocket Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Rocket Companies.
Regressed Prices |
| Timeline |
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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.