loanDepot, Inc. (LDI) — Stock Correlations & Overview
Over the past year, LDI has moved most closely with RKT, GNMA, ESSC. Explore the stocks most correlated and inversely correlated with LDI below, along with its price, financials, and company profile.
Stocks correlated with LDI
Correlation of daily returns. Higher positive values move with LDI; negative values move opposite it. Informational only, not investment advice.
Most correlated with LDI
| Symbol | Company | Correlation |
|---|---|---|
| RKT | Rocket Companies, Inc.MORTGAGE BANKERS & LOAN CORRESPONDENTS | 0.55 |
| GNMA | iShares GNMA Bond ETF | 0.49 |
| ESSC | Eventide Small Cap ETF | 0.47 |
| LKOR | Northern Trust Credit-Scored US Long Corporate Bond ETF | 0.46 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | 0.46 |
Most inversely correlated with LDI
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.43 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.43 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.43 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.42 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.41 |
Frequently asked questions about LDI correlations
- Which stocks are most correlated with LDI?
- Based on one year of daily returns, the stocks most correlated with loanDepot, Inc. (LDI) are RKT (0.55), GNMA (0.49) and ESSC (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LDI?
- Over the past year, the stocks most inversely correlated with loanDepot, Inc. (LDI) are TBT (-0.43), TBF (-0.43) and TMV (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LDI correlations calculated?
- We compute the correlation of daily returns between LDI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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