Porch Correlations

Porch Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Porch Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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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    VRT + 0.92 LPRO LAW + 0.9 OPFI ONTF + 0.87 OPFI VRT + 0.86 LAW VRT + 0.82 OPFI LPRO + 0.81 LAW

High negative correlations    DMTKQ - 0.0 VRT DMTKQ - 0.0 UTZ DMTKQ - 0.0 LPRO DMTKQ - 0.0 ONTF DMTKQ - 0.0 LAW DMTKQ - 0.0 OPFI

Risk-Adjusted Indicators

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