Loandepot Correlations

Loandepot Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loandepot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in Loandepot Stock please use our How to Invest in Loandepot guide.

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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    COOP + 0.9 RKT COOP + 0.88 GHLD RKT + 0.82 GHLD SLQT + 0.71 NCMI OSCR + 0.65 COOP OSCR + 0.58 GHLD

High negative correlations    NCMI - 0.74 COOP SLQT - 0.66 COOP NCMI - 0.65 GHLD OSCR - 0.63 NCMI OSCR - 0.51 UWMC OSCR - 0.48 SLQT

Risk-Adjusted Indicators

There is a big difference between Loandepot Stock performing well and Loandepot 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 Loandepot'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.