Robogroup Correlations

Stocks . Israel . 
Stock . Robogroup
ROBO Stock   93.00  1.10  1.20%   
The current 90-days correlation between Robogroup and Idomoo is 0.03 (i.e., Significant diversification). The correlation of Robogroup 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.

Robogroup Correlation With Market

Very good diversification

The correlation between Robogroup and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robogroup and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Robogroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robogroup 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 Robogroup - 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 Robogroup to buy it.

Moving together with Robogroup Stock

  0.73AMX Automax MotorsPairCorr

Moving against Robogroup Stock

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  0.83ARAD Arad Investment InduPairCorr
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  0.81BLND Blender FinancialPairCorr
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  0.79TRX Terminal X OnlinePairCorr
  0.75QLTU QualitauPairCorr
  0.72PTBL Propert BuilPairCorr
  0.69PTNR PartnerPairCorr
  0.69FNTS Fantasy NetworkPairCorr
  0.67MMHD Menora Miv HldPairCorr
  0.67BWAY Brainsway Earnings Call This WeekPairCorr
  0.65POLY Polygon LPairCorr
  0.63HARL Harel Insurance InvePairCorr
  0.61PHOE Phoenix HoldingsPairCorr
  0.61BRAN Baran GroupPairCorr
  0.59MGDL Migdal InsurancePairCorr
  0.56RPAC Rapac CommunicationPairCorr
  0.54LUMI Bank Leumi LePairCorr
  0.49EMCO E M ComputingPairCorr
  0.39ACKR Ackerstein GroupPairCorr
  0.31IBLD Mivne Real EstatePairCorr
  0.85SCC Space ComPairCorr
  0.84ORA Ormat TechnologiesPairCorr
  0.82OPCE OPC Energy Earnings Call This WeekPairCorr
  0.79BRKT Bareket CapitalPairCorr
  0.73TASE Tel Aviv Stock Earnings Call This WeekPairCorr
  0.69WESR Wesure Global TechPairCorr
  0.66BRIN BrainswayPairCorr
  0.63DORL Doral Group RenewablePairCorr
  0.59BEZQ Bezeq Israeli Teleco Earnings Call This WeekPairCorr
  0.54RANI Rani Zim ShoppingPairCorr
  0.53IES IES HoldingsPairCorr

Related Correlations Analysis


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

PHTM
+ 0.8
IDMO
BUFT
+ 0.79
IDMO
BUFT
+ 0.79
PHTM
TEDE
+ 0.58
IDMO
BUFT
+ 0.55
TEDE
PMVM
+ 0.31
IDMO
  

High negative correlations

TNDO
- 0.77
PHTM
TNDO
- 0.61
IDMO
BUFT
- 0.6
TNDO
NRGN
- 0.57
TEDE
PMVM
- 0.28
SPDV
NRGN
- 0.25
TNDO

Risk-Adjusted Indicators

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Robogroup 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.

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Robogroup Corporate Management

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