Rogers Correlations

Stocks . USA . 
Stock . Rogers
ROG Stock  USD 65.50  1.00  1.50%   
The current 90-days correlation between Rogers and Deluxe is 0.56 (i.e., Very weak diversification). The correlation of Rogers 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.

Rogers Correlation With Market

Very weak diversification

The correlation between Rogers and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rogers and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rogers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
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Moving together with Rogers Stock

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Moving against Rogers Stock

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Related Correlations Analysis

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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   
AIV
+ 0.91
EVC
IGI
+ 0.82
AIV
IGI
+ 0.76
DLX
EVC
+ 0.74
DLX
AIV
+ 0.74
DLX
IGI
+ 0.71
EVC
  
High negative correlations   
NCMI
- 0.8
IGI
NCMI
- 0.76
AIV
NCMI
- 0.69
EVC
NCMI
- 0.62
DLX
AIV
- 0.34
FLNT
EVC
- 0.32
FLNT

Risk-Adjusted Indicators

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

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