RoboGroup TEK Correlations

ROBOF Stock

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The current 90-days correlation between RoboGroup TEK and Scientific Industries is 0.29 (i.e., Modest diversification). The correlation of RoboGroup TEK 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 TEK Correlation With Market

Average diversification

The correlation between RoboGroup TEK and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RoboGroup TEK and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RoboGroup TEK 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 TEK 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 TEK - 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 TEK to buy it.

Moving together with RoboGroup Pink Sheet

0.79	FNMFO	Federal National Mortgage	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.7	PG	Procter Gamble	Pair Corr

Moving against RoboGroup Pink Sheet

0.92	AA	Alcoa Corp	Pair Corr
0.83	BAC	Bank of America Earnings Call Tomorrow	Pair Corr
0.81	JPM	JPMorgan Chase Earnings Call Today	Pair Corr
0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.78	WF	Woori Financial Group	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.66	BCH	Banco De Chile Normal Trading	Pair Corr
0.66	AXP	American Express	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.57	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.55	BA	Boeing	Pair Corr
0.55	CSCO	Cisco Systems	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.43	BAC-PL	Bank of America Earnings Call Tomorrow	Pair Corr
0.41	GE	GE Aerospace	Pair Corr
0.38	PFE	Pfizer Inc	Pair Corr
0.37	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	LCTC	SCND	APYP	UCLE	SEAC	HAPBF	KPIFF	BNSOF	GRWC	GWSO
LCTC		0.79	0.78	0.03	-0.21	0.52	0.48	-0.4	0.03	0.53	LCTC
SCND	0.79		0.66	-0.17	0.08	0.54	0.27	-0.53	-0.06	0.39	SCND
APYP	0.78	0.66		-0.37	0.02	0.79	0.52	-0.21	0.11	0.63	APYP
UCLE	0.03	-0.17	-0.37		-0.13	-0.53	-0.09	-0.09	-0.3	-0.17	UCLE
SEAC	-0.21	0.08	0.02	-0.13		0.1	-0.22	-0.22	0.3	-0.16	SEAC
HAPBF	0.52	0.54	0.79	-0.53	0.1		0.46	-0.2	0.13	0.52	HAPBF
KPIFF	0.48	0.27	0.52	-0.09	-0.22	0.46		0.05	0.09	0.3	KPIFF
BNSOF	-0.4	-0.53	-0.21	-0.09	-0.22	-0.2	0.05		0.0	-0.22	BNSOF
GRWC	0.03	-0.06	0.11	-0.3	0.3	0.13	0.09	0.0		-0.07	GRWC
GWSO	0.53	0.39	0.63	-0.17	-0.16	0.52	0.3	-0.22	-0.07		GWSO
	LCTC	SCND	APYP	UCLE	SEAC	HAPBF	KPIFF	BNSOF	GRWC	GWSO

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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

SCND	+ 0.79	LCTC
HAPBF	+ 0.79	APYP
APYP	+ 0.78	LCTC
APYP	+ 0.66	SCND
GWSO	+ 0.63	APYP
HAPBF	+ 0.54	SCND

High negative correlations

HAPBF	- 0.53	UCLE
BNSOF	- 0.53	SCND
BNSOF	- 0.4	LCTC
UCLE	- 0.37	APYP
GRWC	- 0.3	UCLE
GWSO	- 0.22	BNSOF

Risk-Adjusted Indicators

There is a big difference between RoboGroup Pink Sheet performing well and RoboGroup TEK 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 TEK'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
LCTC	1.06	(0.43)	0.00	0.89	0.00	0.00	1.27	(3.87)	13.01
SCND	3.47	(0.53)	0.00	(2.04)	0.00	0.00	9.09	(12.50)	28.08
APYP	4.97	(0.35)	0.00	0.29	0.00	0.00	9.01	(11.33)	45.93
UCLE	25.07	7.72	0.22	(23.67)	20.13	(48.88)	59.09	(48.33)	273.33
SEAC	4.31	0.29	0.01	4.24	7.85	(9.80)	7.97	(8.21)	120.35
HAPBF	7.64	0.10	0.00	0.77	8.79	(11.08)	23.33	(16.67)	51.94
KPIFF	3.50	0.04	0.01	0.13	4.65	(5.64)	9.78	(9.22)	31.83
BNSOF	2.79	0.25	0.01	(0.26)	3.93	(5.95)	11.63	(7.73)	26.45
GRWC	11.32	2.73	0.07	(7.10)	12.65	(49.39)	53.33	(25.00)	173.75
GWSO	19.08	1.98	0.11	0.34	18.61	(28.92)	48.57	(35.29)	141.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in RoboGroup TEK 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 TEK Corporate Management

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