Rocky Mountain Correlations
| RMCF Stock | USD 3.54 0.02 0.56% |
The correlation of Rocky Mountain 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rocky Mountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rocky Mountain Chocolate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Rocky Mountain Chocolate and NYA is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rocky Mountain Chocolate and NYA in the same portfolio, assuming nothing else is changed.
Rocky |
The ability to find closely correlated positions to Rocky Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rocky Mountain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rocky Mountain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rocky Mountain Chocolate to buy it.
Moving together with Rocky Stock
| 0.82 | FAMI | Farmmi Inc | PairCorr |
| 0.82 | SAM | Boston Beer | PairCorr |
| 0.83 | RKDA | Arcadia Biosciences Financial Report 20th of May 2024 | PairCorr |
| 0.76 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
| 0.69 | SMFL | Smart for Life Downward Rally | PairCorr |
| 0.7 | BSFC | Blue Star Foods | PairCorr |
Moving against Rocky Stock
| 0.88 | LSF | Laird SuperfoodInc Financial Report 8th of May 2024 | PairCorr |
| 0.82 | GIS | General Mills Financial Report 26th of June 2024 | PairCorr |
| 0.78 | BG | Bunge Limited | PairCorr |
| 0.76 | HRL | Hormel Foods Financial Report 6th of June 2024 | PairCorr |
| 0.71 | MKC | McCormick Company Financial Report 4th of July 2024 | PairCorr |
| 0.7 | CAG | ConAgra Foods Financial Report 11th of July 2024 | PairCorr |
| 0.7 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.67 | CPB | Campbell Soup Financial Report 5th of June 2024 | PairCorr |
| 0.66 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
| 0.53 | KHC | Kraft Heinz | PairCorr |
| 0.5 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.46 | K | Kellanova | 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
|
Risk-Adjusted Indicators
There is a big difference between Rocky Stock performing well and Rocky Mountain 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 Rocky Mountain'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMCF | 1.86 | (0.13) | 0.00 | 0.47 | 0.00 | 4.21 | 11.15 | |||
| LDSVF | 0.63 | (0.17) | 0.00 | (0.84) | 0.00 | 1.24 | 7.60 | |||
| BRRLY | 2.51 | 0.24 | 0.03 | (0.54) | 3.14 | 6.64 | 22.47 | |||
| TROLB | 0.48 | 0.09 | 0.00 | (0.12) | 0.00 | 0.00 | 15.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rocky Mountain 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?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
Rocky Mountain Corporate Management
Elected by the shareholders, the Rocky Mountain's board of directors comprises two types of representatives: Rocky Mountain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rocky. The board's role is to monitor Rocky Mountain's management team and ensure that shareholders' interests are well served. Rocky Mountain'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, Rocky Mountain's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gregory Pope | Sr. VP of Franchise Devel. and Operations | Profile | |
| Kara Conklin | VP Development | Profile | |
| William Jobson | Chief Officer | Profile | |
| Andrew Ford | Vice Marketing | Profile |
Already Invested in Rocky Mountain Chocolate?
The danger of trading Rocky Mountain Chocolate 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 Rocky Mountain 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 Rocky Mountain. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rocky Mountain Chocolate 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 Rocky Mountain Chocolate is a strong investment it is important to analyze Rocky Mountain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Rocky Mountain's future performance. For an informed investment choice regarding Rocky Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Mountain Chocolate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Rocky Mountain Chocolate information on this page should be used as a complementary analysis to other Rocky Mountain's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Rocky Stock analysis
When running Rocky Mountain's price analysis, check to measure Rocky Mountain'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 Rocky Mountain is operating at the current time. Most of Rocky Mountain's value examination focuses on studying past and present price action to predict the probability of Rocky Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rocky Mountain's price. Additionally, you may evaluate how the addition of Rocky Mountain to your portfolios can decrease your overall portfolio volatility.
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Is Rocky Mountain'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 Rocky Mountain. If investors know Rocky 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 Rocky Mountain 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 (0.86) | Earnings Share (0.81) | Revenue Per Share 4.592 | Quarterly Revenue Growth (0.13) | Return On Assets (0.13) |
The market value of Rocky Mountain Chocolate is measured differently than its book value, which is the value of Rocky that is recorded on the company's balance sheet. Investors also form their own opinion of Rocky Mountain's value that differs from its market value or its book value, called intrinsic value, which is Rocky Mountain'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 Rocky Mountain's market value can be influenced by many factors that don't directly affect Rocky Mountain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rocky Mountain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rocky Mountain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rocky Mountain'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.