Robot SA Correlations

RBT Stock

EUR 2.44 0.00 0.00%

The current 90-days correlation between Robot SA and All Iron Re is 0.01 (i.e., Significant diversification). The correlation of Robot SA 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.

Robot SA Correlation With Market

Average diversification

The correlation between Robot SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robot SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Robot SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robot SA 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 Robot SA - 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 Robot SA to buy it.

Moving together with Robot Stock

0.71	SAN	Banco Santander	Pair Corr
0.85	BBVA	Banco Bilbao Vizcaya	Pair Corr
0.8	CABK	Caixabank SA	Pair Corr
0.85	ETC	Energy Solar Tech	Pair Corr
0.61	CIE	CIE Automotive SA Earnings Call This Week	Pair Corr
0.81	YAI1	All Iron Re	Pair Corr
0.78	SCYR	Sacyr SA	Pair Corr
0.74	PHM	Pharma Mar SA	Pair Corr
0.82	YFID	Fidere Patrimonio SOCIMI	Pair Corr
0.69	YHCR	Home Capital Rentals	Pair Corr
0.81	FCC	Fomento de Construcciones Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	RBT	EDR	CIE	ENG	FCC	COXG	YAI1	YHCR	REP	SLR
RBT		0.59	0.61	0.52	0.81	0.11	0.81	0.69	0.5	0.23	RBT
EDR	0.59		0.78	0.41	0.57	0.45	0.56	0.63	0.73	0.46	EDR
CIE	0.61	0.78		0.56	0.72	0.48	0.71	0.8	0.85	0.62	CIE
ENG	0.52	0.41	0.56		0.83	0.52	0.82	0.53	0.65	0.67	ENG
FCC	0.81	0.57	0.72	0.83		0.32	0.9	0.71	0.65	0.52	FCC
COXG	0.11	0.45	0.48	0.52	0.32		0.45	0.29	0.78	0.89	COXG
YAI1	0.81	0.56	0.71	0.82	0.9	0.45		0.75	0.72	0.62	YAI1
YHCR	0.69	0.63	0.8	0.53	0.71	0.29	0.75		0.68	0.4	YHCR
REP	0.5	0.73	0.85	0.65	0.65	0.78	0.72	0.68		0.87	REP
SLR	0.23	0.46	0.62	0.67	0.52	0.89	0.62	0.4	0.87		SLR
	RBT	EDR	CIE	ENG	FCC	COXG	YAI1	YHCR	REP	SLR

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Risk-Adjusted Indicators

There is a big difference between Robot Stock performing well and Robot SA 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 Robot SA'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
RBT	1.85	0.38	0.05	1.22	1.97	(5.51)	8.40	(4.51)	17.83
EDR	1.44	0.17	0.04	0.63	1.75	(1.66)	3.99	(3.47)	10.32
CIE	0.82	0.18	0.05	2.90	0.88	(0.93)	1.82	(1.83)	5.63
ENG	0.68	0.09	(0.04)	5.25	0.74	(0.76)	1.52	(1.44)	4.06
FCC	1.18	0.23	0.07	(2.25)	1.09	(1.41)	3.08	(1.74)	11.05
COXG	1.85	0.37	0.11	1.57	1.82	(2.29)	6.17	(2.85)	12.13
YAI1	0.78	0.17	0.03	(8.69)	0.69	(1.34)	1.61	(1.64)	7.84
YHCR	0.02	0.00	0.00	0.18	0.00	0.00	0.00	0.00	0.76
REP	0.89	0.51	0.39	(1.49)	0.22	(1.17)	1.95	(0.91)	5.65
SLR	2.14	0.70	0.25	9.16	1.74	(2.60)	4.92	(2.87)	19.00

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Our tools can tell you how much better you can do entering a position in Robot SA 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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