IRobot Correlations

IRBT Stock

USD 4.48 0.16 3.45%

The current 90-days correlation between iRobot and Sleep Number Corp is 0.3 (i.e., Weak diversification). The correlation of IRobot 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IRobot Correlation With Market

Weak diversification

The correlation between iRobot and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iRobot and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IRobot Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iRobot. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy IRobot Stock please use our How to Invest in IRobot guide.

Moving together with IRobot Stock

0.76	SN	SharkNinja,	Pair Corr
0.72	VIOT	Viomi Technology ADR	Pair Corr
0.68	EFOI	Energy Focu	Pair Corr
0.69	LEG	Leggett Platt	Pair Corr
0.79	NVFY	Nova Lifestyle I	Pair Corr
0.75	F	Ford Motor Earnings Call This Week	Pair Corr
0.85	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.65	M	Macys Inc	Pair Corr
0.87	W	Wayfair	Pair Corr
0.67	DIBS	1StdibsCom	Pair Corr
0.79	AN	AutoNation	Pair Corr
0.82	AS	Amer Sports,	Pair Corr
0.87	BC	Brunswick Earnings Call This Week	Pair Corr
0.83	BH	Biglari Holdings	Pair Corr
0.76	FL	Foot Locker	Pair Corr
0.8	GM	General Motors Earnings Call Tomorrow	Pair Corr
0.83	JL	J Long Group	Pair Corr
0.64	LE	Lands End	Pair Corr
0.74	LI	Li Auto	Pair Corr
0.74	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.81	RL	Ralph Lauren Corp	Pair Corr
0.78	UA	Under Armour C	Pair Corr
0.85	VC	Visteon Corp Earnings Call This Week	Pair Corr
0.66	ZK	ZEEKR Intelligent	Pair Corr
0.73	DKNG	DraftKings	Pair Corr
0.74	DLTH	Duluth Holdings	Pair Corr

Moving against IRobot Stock

0.55	JD	JD Inc Adr Aggressive Push	Pair Corr
0.69	SG	Sweetgreen	Pair Corr
0.62	ECDA	ECD Automotive Design	Pair Corr
0.58	DNUT	Krispy Kreme	Pair Corr
0.47	VNCE	Vince Holding Corp	Pair Corr
0.42	TM	Toyota Motor	Pair Corr

Related Correlations Analysis

	SNBR	LOVE	SGI	MLKN	WHR	CGNX	ISRG	AVAV	SFIX
SNBR		0.11	0.23	0.0	-0.13	0.45	0.81	-0.07	0.8	SNBR
LOVE	0.11		-0.46	-0.39	-0.55	-0.4	0.15	-0.57	-0.2	LOVE
SGI	0.23	-0.46		0.91	0.87	0.89	0.3	0.86	0.57	SGI
MLKN	0.0	-0.39	0.91		0.94	0.8	0.19	0.9	0.34	MLKN
WHR	-0.13	-0.55	0.87	0.94		0.73	0.02	0.87	0.26	WHR
CGNX	0.45	-0.4	0.89	0.8	0.73		0.56	0.77	0.73	CGNX
ISRG	0.81	0.15	0.3	0.19	0.02	0.56		0.09	0.68	ISRG
AVAV	-0.07	-0.57	0.86	0.9	0.87	0.77	0.09		0.34	AVAV
SFIX	0.8	-0.2	0.57	0.34	0.26	0.73	0.68	0.34		SFIX
	SNBR	LOVE	SGI	MLKN	WHR	CGNX	ISRG	AVAV	SFIX

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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

WHR	+ 0.94	MLKN
MLKN	+ 0.91	SGI
AVAV	+ 0.9	MLKN
CGNX	+ 0.89	SGI
WHR	+ 0.87	SGI
AVAV	+ 0.87	WHR

High negative correlations

AVAV	- 0.57	LOVE
WHR	- 0.55	LOVE
SGI	- 0.46	LOVE
CGNX	- 0.4	LOVE
MLKN	- 0.39	LOVE
SFIX	- 0.2	LOVE

Risk-Adjusted Indicators

There is a big difference between IRobot Stock performing well and IRobot 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 IRobot'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
SNBR	4.40	0.35	0.09	0.30	4.78	(4.61)	8.79	(8.74)	24.05
LOVE	2.28	(0.14)	(0.03)	0.00	3.81	(2.36)	4.43	(3.98)	24.24
SGI	1.34	0.17	0.14	0.26	1.14	(1.48)	3.50	(2.38)	8.73
MLKN	1.89	0.07	0.10	0.17	1.58	(2.54)	4.48	(2.55)	16.52
WHR	1.60	0.12	0.06	0.24	1.93	(1.73)	4.36	(3.56)	10.67
CGNX	1.61	0.34	0.24	0.39	1.23	(1.87)	4.02	(2.10)	11.44
ISRG	1.03	(0.05)	(0.03)	0.08	1.44	(1.07)	2.37	(1.81)	10.20
AVAV	2.57	1.02	0.32	2.66	2.15	(3.11)	5.36	(2.64)	32.98
SFIX	2.92	0.44	0.17	0.36	2.73	(3.49)	8.43	(4.29)	27.63

IRobot Corporate Executives

Elected by the shareholders, the IRobot's board of directors comprises two types of representatives: IRobot inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IRobot. The board's role is to monitor IRobot's management team and ensure that shareholders' interests are well served. IRobot'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, IRobot's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Julie Zeiler	Executive CFO	Profile
	Alison Dean	CFO, Executive VP and Treasurer	Profile

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