RoboGroup TEK Correlations

ROBOF Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between RoboGroup TEK and United Parcel Service is 0.08 (i.e., Significant 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

Significant diversification

The correlation between RoboGroup TEK and DJI is 0.05 (i.e., Significant 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

0.78	FNMFO	Federal National Mortgage	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.67	PG	Procter Gamble Earnings Call This Week	Pair Corr

Moving against RoboGroup Pink Sheet

0.91	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.81	WF	Woori Financial Group	Pair Corr
0.81	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.8	BAC	Bank of America	Pair Corr
0.75	JPM	JPMorgan Chase	Pair Corr
0.73	BCH	Banco De Chile	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.68	CAT	Caterpillar Sell-off Trend	Pair Corr
0.66	BA	Boeing Sell-off Trend	Pair Corr
0.63	AXP	American Express	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.5	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.48	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.45	PFE	Pfizer Inc	Pair Corr
0.41	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.39	BAC-PL	Bank of America	Pair Corr
0.37	INTC	Intel Aggressive Push	Pair Corr
0.33	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	UPS	ANTMX	COKE	WUXAY	ORLY	KOS	MURHX	DODWX	MMSCX	GVPIX
UPS		0.75	0.53	0.18	-0.69	-0.72	0.82	0.8	0.81	-0.81	UPS
ANTMX	0.75		0.06	0.39	-0.6	-0.46	0.95	0.91	0.91	-0.52	ANTMX
COKE	0.53	0.06		-0.39	-0.14	-0.72	0.21	0.19	0.2	-0.67	COKE
WUXAY	0.18	0.39	-0.39		0.0	0.34	0.3	0.21	0.22	0.23	WUXAY
ORLY	-0.69	-0.6	-0.14	0.0		0.53	-0.63	-0.68	-0.7	0.67	ORLY
KOS	-0.72	-0.46	-0.72	0.34	0.53		-0.57	-0.61	-0.63	0.78	KOS
MURHX	0.82	0.95	0.21	0.3	-0.63	-0.57		0.89	0.88	-0.55	MURHX
DODWX	0.8	0.91	0.19	0.21	-0.68	-0.61	0.89		0.95	-0.62	DODWX
MMSCX	0.81	0.91	0.2	0.22	-0.7	-0.63	0.88	0.95		-0.65	MMSCX
GVPIX	-0.81	-0.52	-0.67	0.23	0.67	0.78	-0.55	-0.62	-0.65		GVPIX
	UPS	ANTMX	COKE	WUXAY	ORLY	KOS	MURHX	DODWX	MMSCX	GVPIX

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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

MURHX	+ 0.95	ANTMX
MMSCX	+ 0.95	DODWX
DODWX	+ 0.91	ANTMX
MMSCX	+ 0.91	ANTMX
DODWX	+ 0.89	MURHX
MMSCX	+ 0.88	MURHX

High negative correlations

GVPIX	- 0.81	UPS
KOS	- 0.72	COKE
KOS	- 0.72	UPS
MMSCX	- 0.7	ORLY
ORLY	- 0.69	UPS
DODWX	- 0.68	ORLY

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
UPS	1.20	0.31	0.22	0.40	1.03	(1.37)	2.75	(2.40)	11.51
ANTMX	0.68	0.07	0.06	0.17	0.75	(0.72)	1.40	(1.43)	3.31
COKE	1.18	0.28	0.13	(9.83)	1.09	(1.24)	3.53	(2.26)	9.33
WUXAY	1.73	0.19	0.05	0.85	1.80	(2.33)	4.38	(4.15)	11.08
ORLY	0.97	(0.15)	0.00	(0.52)	0.00	0.00	2.20	(2.35)	6.34
KOS	3.50	(0.24)	0.00	4.03	0.00	0.00	10.27	(5.99)	21.96
MURHX	0.26	0.00	(0.13)	0.09	0.23	(0.30)	0.57	(0.56)	1.53
DODWX	0.62	0.14	0.19	0.28	0.25	(0.76)	1.19	(0.90)	8.36
MMSCX	0.93	0.15	0.15	0.23	0.70	(1.09)	1.80	(1.61)	10.04
GVPIX	0.47	(0.07)	0.00	(1.08)	0.00	0.00	0.76	(1.23)	2.52

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

Ronen Klif	Chief Officer	Profile
David Caroll	VP Subsidiary	Profile
Gil Segal	Chief Officer	Profile
Tchya RotemFortus	Legal Sec	Profile
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