Robinhood Markets Correlations
HOOD Stock | USD 138.96 13.50 8.85% |
The current 90-days correlation between Robinhood Markets and Affirm Holdings is 0.26 (i.e., Modest diversification). The correlation of Robinhood Markets 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.
Robinhood Markets Correlation With Market
Weak diversification
The correlation between Robinhood Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robinhood Markets and DJI in the same portfolio, assuming nothing else is changed.
Robinhood | Build AI portfolio with Robinhood Stock |
Moving together with Robinhood Stock
0.72 | AGMH | AGM Group Holdings | PairCorr |
0.78 | PLSE | Pulse Biosciences | PairCorr |
0.66 | ASB-PF | Associated Banc Corp | PairCorr |
0.66 | KNOP | KNOT Offshore Partners | PairCorr |
0.65 | 87612GAD3 | TRGP 65 15 | PairCorr |
0.61 | PBT | Permian Basin Royalty | PairCorr |
0.66 | WYY | Widepoint C Tech Boost | PairCorr |
0.64 | NHC | National HealthCare | PairCorr |
0.64 | LZRFY | Localiza Rent A | PairCorr |
0.75 | JAZZ | Jazz Pharmaceuticals PLC | PairCorr |
0.7 | YLLXF | Yellow Cake plc | PairCorr |
0.86 | BDRBF | Bombardier | PairCorr |
Moving against Robinhood Stock
0.88 | FDS | FactSet Research Systems | PairCorr |
0.84 | ICE | Intercontinental Exchange | PairCorr |
0.82 | TW | Tradeweb Markets | PairCorr |
0.75 | MORN | Morningstar | PairCorr |
0.74 | SPGI | SP Global Sell-off Trend | PairCorr |
0.68 | MKTX | MarketAxess Holdings | PairCorr |
0.63 | MCO | Moodys Earnings Call This Week | PairCorr |
0.49 | NDAQ | Nasdaq Inc | PairCorr |
0.42 | CME | CME Group | PairCorr |
0.31 | PNGM | Er Therapeutics | PairCorr |
0.41 | ARLUF | Aristocrat Leisure | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Robinhood Stock performing well and Robinhood Markets 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 Robinhood Markets' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AFRM | 2.94 | 0.08 | 0.03 | 0.05 | 3.91 | 6.71 | 21.02 | |||
XYZ | 1.79 | 0.21 | 0.08 | 1.32 | 2.23 | 4.58 | 14.87 | |||
PATH | 2.60 | 0.46 | 0.18 | 0.30 | 2.29 | 6.53 | 15.34 | |||
TOST | 1.70 | (0.38) | 0.00 | (0.20) | 0.00 | 2.54 | 11.20 | |||
NET | 1.76 | 0.24 | 0.11 | 0.34 | 2.01 | 3.71 | 8.04 | |||
COIN | 2.44 | (0.08) | 0.00 | (0.20) | 0.00 | 6.52 | 19.85 | |||
RBLX | 2.37 | 0.33 | 0.10 | 2.18 | 2.83 | 5.81 | 19.55 | |||
RIVN | 2.13 | (0.05) | 0.00 | (0.04) | 0.00 | 5.29 | 15.40 | |||
SOFI | 2.48 | 0.34 | 0.13 | 0.21 | 2.58 | 5.49 | 12.67 |
Robinhood Markets Corporate Management
Lucas JD | General VP | Profile | |
Jeffrey Pinner | Chief Officer | Profile | |
Connie Schan | Chief Officer | Profile | |
JD Gallagher | Compliance Legal | Profile | |
Alex Mesa | Head Experience | Profile | |
Ravi Mehta | Chief Officer | Profile | |
Stephanie CFA | Chief Officer | Profile |