Rover Correlations
| ROVRDelisted Stock | USD 5.20 0.00 0.00% |
The correlation of Rover 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.
Rover Correlation With Market
Significant diversification
The correlation between Rover Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rover Group and DJI in the same portfolio, assuming nothing else is changed.
Rover |
Moving together with Rover Stock
| 0.81 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.75 | DIS | Walt Disney | PairCorr |
| 0.83 | CSCO | Cisco Systems | PairCorr |
| 0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.67 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Rover Stock
| 0.86 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.81 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.81 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.8 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.68 | EC | Ecopetrol SA ADR | PairCorr |
| 0.67 | PTAIY | Astra International Tbk | PairCorr |
| 0.67 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.59 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.51 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.51 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rover Stock performing well and Rover 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 Rover'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTDR | 1.52 | 0.19 | 0.11 | 0.18 | 1.51 | 3.68 | 10.46 | |||
| DSEY | 0.19 | 0.05 | 0.10 | (1.06) | 0.00 | 0.49 | 1.22 | |||
| ROL | 0.93 | (0.08) | 0.00 | (0.32) | 0.00 | 1.45 | 7.95 | |||
| BFAM | 1.19 | (0.41) | 0.00 | (1.40) | 0.00 | 1.88 | 14.64 | |||
| CSV | 1.25 | 0.29 | 0.23 | 0.49 | 0.95 | 2.84 | 16.85 | |||
| MCW | 1.63 | 0.15 | 0.09 | 0.19 | 1.59 | 3.90 | 16.60 | |||
| SCI | 0.86 | 0.08 | 0.08 | 0.25 | 0.78 | 1.89 | 8.37 | |||
| EM | 3.01 | 0.77 | 0.22 | (0.80) | 2.51 | 7.84 | 36.31 |
Rover Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Rover stock to make a market-neutral strategy. Peer analysis of Rover could also be used in its relative valuation, which is a method of valuing Rover by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Rover Corporate Management
| Melissa Weiland | General Secretary | Profile | |
| Jovana Teodorovic | Vice Culture | Profile | |
| Megan Teepe | Senior Growth | Profile | |
| Aaron Easterly | CEO CoFounder | Profile | |
| Walter Ruddy | Investor Executive | Profile | |
| Bill Kong | Chief Officer | Profile | |
| Charlie Wickers | Chief Officer | Profile |
Still Interested in Rover Group?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.