Is Rocket CompaniesInc Stock a Good Investment?
Rocket CompaniesInc Investment Advice | RKT |
- Examine Rocket CompaniesInc's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Rocket CompaniesInc's leadership team and their track record. Good management can help Rocket CompaniesInc navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Commercial & Residential Mortgage Finance space and any emerging trends that could impact Rocket CompaniesInc's business and its evolving consumer preferences.
- Compare Rocket CompaniesInc's performance and market position to its competitors. Analyze how Rocket CompaniesInc is positioned in terms of product offerings, innovation, and market share.
- Check if Rocket CompaniesInc pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Rocket CompaniesInc's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Rocket CompaniesInc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Rocket CompaniesInc is a good investment.
Sell | Buy |
Hold
Market Performance | OK | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Rocket CompaniesInc Stock
Researching Rocket CompaniesInc's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 72.0% of the company shares are owned by institutional investors. The book value of Rocket CompaniesInc was at this time reported as 4.69. The company has Price/Earnings To Growth (PEG) ratio of 1.4. Rocket CompaniesInc last dividend was issued on the 7th of March 2022. The entity had 2:1 split on the August 28, 2014.
To determine if Rocket CompaniesInc is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Rocket CompaniesInc's research are outlined below:
| Rocket CompaniesInc had very high historical volatility over the last 90 days | |
| The company reported the last year's revenue of 3.61 B. Reported Net Loss for the year was (15.51 M) with profit before taxes, overhead, and interest of 6 B. | |
| About 72.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: APTV or RKT Which Is the Better Value Stock Right Now |
Rocket CompaniesInc Quarterly Accounts Payable |
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Rocket CompaniesInc uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Rocket CompaniesInc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Rocket CompaniesInc's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Rocket CompaniesInc's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Rocket CompaniesInc's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-08-03 | 2023-06-30 | -0.04 | -0.02 | 0.02 | 50 | ||
2024-06-18 | 2024-03-31 | 0.01 | 0.04 | 0.03 | 300 | ||
2023-05-04 | 2023-03-31 | -0.09 | -0.06 | 0.03 | 33 | ||
2024-02-22 | 2023-12-31 | -0.04 | -0.0796 | -0.0396 | 99 | ||
2022-05-10 | 2022-03-31 | 0.19 | 0.15 | -0.04 | 21 | ||
2022-11-03 | 2022-09-30 | -0.03 | -0.08 | -0.05 | 166 | ||
2022-08-04 | 2022-06-30 | 0.02 | -0.03 | -0.05 | 250 | ||
2022-02-24 | 2021-12-31 | 0.37 | 0.32 | -0.05 | 13 |
Rocket CompaniesInc Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Rocket target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Rocket CompaniesInc's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 15 | Hold |
Most Rocket analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Rocket stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Rocket CompaniesInc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationRocket CompaniesInc Target Price Projection
Rocket CompaniesInc's current and average target prices are 14.09 and 9.44, respectively. The current price of Rocket CompaniesInc is the price at which Rocket CompaniesInc is currently trading. On the other hand, Rocket CompaniesInc's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Rocket CompaniesInc Market Quote on 9th of May 2024
Target Price
Analyst Consensus On Rocket CompaniesInc Target Price
Rocket CompaniesInc Analyst Ratings
Rocket CompaniesInc's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Rocket CompaniesInc stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Rocket CompaniesInc's financials, market performance, and future outlook by experienced professionals. Rocket CompaniesInc's historical ratings below, therefore, can serve as a valuable tool for investors.Know Rocket CompaniesInc's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Rocket CompaniesInc is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Rocket CompaniesInc backward and forwards among themselves. Rocket CompaniesInc's institutional investor refers to the entity that pools money to purchase Rocket CompaniesInc's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Renaissance Technologies Corp | 2023-12-31 | 1.9 M | Geode Capital Management, Llc | 2023-12-31 | 1.8 M | Bruni J V & Co | 2023-12-31 | 1.7 M | Hillman Co | 2024-03-31 | 1.3 M | Charles Schwab Investment Management Inc | 2023-12-31 | 717 K | Northern Trust Corp | 2023-12-31 | 627.8 K | Legal & General Group Plc | 2023-12-31 | 564.5 K | Millennium Management Llc | 2023-12-31 | 521.5 K | First Trust Advisors L.p. | 2023-12-31 | 519.2 K | Fmr Inc | 2023-12-31 | 12 M | Vanguard Group Inc | 2023-12-31 | 11.7 M |
Rocket CompaniesInc's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rocket CompaniesInc's market, we take the total number of its shares issued and multiply it by Rocket CompaniesInc's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Rocket CompaniesInc's profitablity analysis
Rocket CompaniesInc's profitability indicators refer to fundamental financial ratios that showcase Rocket CompaniesInc's ability to generate income relative to its revenue or operating costs. If, let's say, Rocket CompaniesInc is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Rocket CompaniesInc's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Rocket CompaniesInc's profitability requires more research than a typical breakdown of Rocket CompaniesInc's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0) | (0) | |
| Return On Capital Employed | (0) | (0) | |
| Return On Assets | (0.0008) | (0.0008) | |
| Return On Equity | (0.02) | (0.02) |
Determining Rocket CompaniesInc's profitability involves analyzing its financial statements and using various financial metrics to determine if Rocket CompaniesInc is a good buy. For example, gross profit margin measures Rocket CompaniesInc's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Rocket CompaniesInc's profitability and make more informed investment decisions.
The data published in Rocket CompaniesInc's official financial statements usually reflect Rocket CompaniesInc's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Rocket CompaniesInc. For example, before you start analyzing numbers published by Rocket accountants, it's critical to develop an understanding of what Rocket CompaniesInc's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Rocket CompaniesInc's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Rocket CompaniesInc's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Rocket CompaniesInc's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Rocket CompaniesInc. Please utilize our Beneish M Score to check the likelihood of Rocket CompaniesInc's management manipulating its earnings.
Evaluate Rocket CompaniesInc's management efficiency
Rocket CompaniesInc has Return on Asset of 0.0198 % which means that on every $100 spent on assets, it made $0.0198 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0373 %, implying that it generated $0.0373 on every 100 dollars invested. Rocket CompaniesInc's management efficiency ratios could be used to measure how well Rocket CompaniesInc manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.0013 in 2024. Return On Capital Employed is likely to gain to -0.0021 in 2024. At this time, Rocket CompaniesInc's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 13.9 B in 2024, whereas Total Current Liabilities is likely to drop slightly above 162.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.86 | 4.61 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 5.92 | 10.34 | |
| Enterprise Value Over EBITDA | 152.76 | 160.40 | |
| Price Book Value Ratio | 2.98 | 1.76 | |
| Enterprise Value Multiple | 152.76 | 160.40 | |
| Price Fair Value | 2.98 | 1.76 | |
| Enterprise Value | 9.3 B | 8.8 B |
The analysis of Rocket CompaniesInc's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Rocket CompaniesInc's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Rocket Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 2.401 |
Basic technical analysis of Rocket Stock
As of the 9th of May, Rocket CompaniesInc holds the Semi Deviation of 3.23, risk adjusted performance of 0.0721, and Coefficient Of Variation of 967.04. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rocket CompaniesInc, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Rocket CompaniesInc, which can be compared to its competitors. Please check Rocket CompaniesInc mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Rocket CompaniesInc is priced some-what accurately, providing market reflects its current price of 14.09 per share. Given that Rocket CompaniesInc has jensen alpha of 0.05, we recommend you to check out Rocket CompaniesInc's recent market performance to make sure the company can sustain itself at a future point.Rocket CompaniesInc's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Rocket CompaniesInc insiders, such as employees or executives, is commonly permitted as long as it does not rely on Rocket CompaniesInc's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Rocket CompaniesInc insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Rocket CompaniesInc's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Rocket CompaniesInc's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0721 | |||
| Market Risk Adjusted Performance | 0.101 | |||
| Mean Deviation | 2.36 | |||
| Semi Deviation | 3.23 | |||
| Downside Deviation | 3.39 | |||
| Coefficient Of Variation | 967.04 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.82 | |||
| Information Ratio | 0.0769 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | 0.091 | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.51 | |||
| Downside Variance | 11.51 | |||
| Semi Variance | 10.44 | |||
| Expected Short fall | (2.70) | |||
| Skewness | (0.83) | |||
| Kurtosis | 3.09 |
| Risk Adjusted Performance | 0.0721 | |||
| Market Risk Adjusted Performance | 0.101 | |||
| Mean Deviation | 2.36 | |||
| Semi Deviation | 3.23 | |||
| Downside Deviation | 3.39 | |||
| Coefficient Of Variation | 967.04 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.82 | |||
| Information Ratio | 0.0769 | |||
| Jensen Alpha | 0.05 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | 0.091 | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.51 | |||
| Downside Variance | 11.51 | |||
| Semi Variance | 10.44 | |||
| Expected Short fall | (2.70) | |||
| Skewness | (0.83) | |||
| Kurtosis | 3.09 |
Consider Rocket CompaniesInc's intraday indicators
Rocket CompaniesInc intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Rocket CompaniesInc stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Rocket CompaniesInc Corporate Filings
F4 | 8th of May 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 7th of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 2nd of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 26th of April 2024 Other Reports | ViewVerify |
Rocket Stock media impact
Far too much social signal, news, headlines, and media speculation about Rocket CompaniesInc that are available to investors today. That information is available publicly through Rocket media outlets and privately through word of mouth or via Rocket internal channels. However, regardless of the origin, that massive amount of Rocket data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Rocket CompaniesInc news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Rocket CompaniesInc relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Rocket CompaniesInc's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Rocket CompaniesInc alpha.
Rocket CompaniesInc Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Rocket CompaniesInc can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Rocket CompaniesInc Historical Investor Sentiment
Investor biases related to Rocket CompaniesInc's public news can be used to forecast risks associated with an investment in Rocket. The trend in average sentiment can be used to explain how an investor holding Rocket can time the market purely based on public headlines and social activities around Rocket CompaniesInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Rocket CompaniesInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Rocket CompaniesInc and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Rocket CompaniesInc news discussions. The higher the estimate score, the more favorable the investor's outlook on Rocket CompaniesInc.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rocket CompaniesInc 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.Did you try this?
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Rocket CompaniesInc Corporate Management
Elected by the shareholders, the Rocket CompaniesInc's board of directors comprises two types of representatives: Rocket CompaniesInc 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 CompaniesInc's management team and ensure that shareholders' interests are well served. Rocket CompaniesInc'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 CompaniesInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tim Birkmeier | President - Rocket Mortgage | Profile | |
| William Banfield | Executive Mortgage | Profile | |
| Nicole Beattie | Chief Amrock | Profile | |
| KimArie Yowell | Chief Officer | Profile | |
| Nancy Tellem | Independent Director | Profile |
How to buy Rocket Stock?
To provide specific investment advice or recommendations on Rocket CompaniesInc stock, we recommend investors consider the following general factors when evaluating Rocket CompaniesInc. This will help you to make an informed decision on whether to include Rocket CompaniesInc in one of your diversified portfolios:- Examine Rocket CompaniesInc's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Rocket CompaniesInc's leadership team and their track record. Good management can help Rocket CompaniesInc navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Commercial & Residential Mortgage Finance space and any emerging trends that could impact Rocket CompaniesInc's business and its evolving consumer preferences.
- Compare Rocket CompaniesInc's performance and market position to its competitors. Analyze how Rocket CompaniesInc is positioned in terms of product offerings, innovation, and market share.
- Check if Rocket CompaniesInc pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Rocket CompaniesInc's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Rocket CompaniesInc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Rocket CompaniesInc is a good investment.
Already Invested in Rocket CompaniesInc?
The danger of trading Rocket CompaniesInc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rocket CompaniesInc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rocket CompaniesInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rocket CompaniesInc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Rocket CompaniesInc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Rocket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Rocket Companiesinc Stock. Highlighted below are key reports to facilitate an investment decision about Rocket Companiesinc Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocket CompaniesInc. Also, note that the market value of any company could be tightly coupled 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 CompaniesInc guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Rocket Stock analysis
When running Rocket CompaniesInc's price analysis, check to measure Rocket CompaniesInc's 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 CompaniesInc is operating at the current time. Most of Rocket CompaniesInc's value examination focuses on studying past and present price action to predict the probability of Rocket CompaniesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocket CompaniesInc's price. Additionally, you may evaluate how the addition of Rocket CompaniesInc to your portfolios can decrease your overall portfolio volatility.
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Is Rocket CompaniesInc's industry 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 CompaniesInc. 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 CompaniesInc 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 0.075 | Earnings Share 1.802 | Revenue Per Share 35.988 | Quarterly Revenue Growth 1.047 | Return On Assets 0.0198 |
The market value of Rocket CompaniesInc 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 CompaniesInc's value that differs from its market value or its book value, called intrinsic value, which is Rocket CompaniesInc's 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 CompaniesInc's market value can be influenced by many factors that don't directly affect Rocket CompaniesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Rocket CompaniesInc's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Rocket CompaniesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocket CompaniesInc's 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.