Robotis CoLtd Correlations

108490 Stock

37,600 200.00 0.53%

The current 90-days correlation between Robotis CoLtd and BH Co is 0.2 (i.e., Modest diversification). The correlation of Robotis CoLtd 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.

Robotis CoLtd Correlation With Market

Average diversification

The correlation between Robotis CoLtd and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robotis CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Robotis Stock

0.81	140860	Parksystems Corp Earnings Call This Week	Pair Corr
0.75	045390	DAEA TI	Pair Corr
0.74	000270	Kia Corp	Pair Corr

Moving against Robotis Stock

0.83	101390	IM CoLtd	Pair Corr
0.68	051910	LG Chemicals	Pair Corr
0.65	034220	LG Display	Pair Corr
0.57	066570	LG Electronics	Pair Corr
0.5	015760	Korea Electric Power	Pair Corr

Related Correlations Analysis

	078600	140860	090460	091700	179900	108490	101390	045390	051370	126340
078600		0.28	-0.38	-0.12	-0.41	0.19	0.19	-0.25	0.54	0.51	078600
140860	0.28		0.24	0.49	0.1	0.81	-0.61	0.65	0.46	0.15	140860
090460	-0.38	0.24		0.61	0.5	0.07	-0.11	0.43	0.33	0.16	090460
091700	-0.12	0.49	0.61		0.21	0.58	-0.56	0.78	0.19	-0.07	091700
179900	-0.41	0.1	0.5	0.21		0.12	-0.12	0.15	0.07	-0.12	179900
108490	0.19	0.81	0.07	0.58	0.12		-0.83	0.75	0.15	-0.24	108490
101390	0.19	-0.61	-0.11	-0.56	-0.12	-0.83		-0.82	0.25	0.5	101390
045390	-0.25	0.65	0.43	0.78	0.15	0.75	-0.82		0.0	-0.26	045390
051370	0.54	0.46	0.33	0.19	0.07	0.15	0.25	0.0		0.85	051370
126340	0.51	0.15	0.16	-0.07	-0.12	-0.24	0.5	-0.26	0.85		126340
	078600	140860	090460	091700	179900	108490	101390	045390	051370	126340

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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

126340	+ 0.85	051370
108490	+ 0.81	140860
045390	+ 0.78	091700
045390	+ 0.75	108490
045390	+ 0.65	140860
091700	+ 0.61	090460

High negative correlations

101390	- 0.83	108490
045390	- 0.82	101390
101390	- 0.61	140860
101390	- 0.56	091700
179900	- 0.41	078600
090460	- 0.38	078600

Risk-Adjusted Indicators

There is a big difference between Robotis Stock performing well and Robotis CoLtd 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 Robotis CoLtd'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
078600	3.00	0.12	0.02	0.51	3.38	(3.70)	6.39	(6.00)	23.59
140860	2.23	0.37	0.07	(0.46)	2.83	(2.47)	4.85	(3.72)	15.50
090460	2.10	(0.08)	0.00	0.26	0.00	0.00	4.60	(4.76)	12.43
091700	0.78	0.11	0.02	31.35	0.80	(0.98)	2.34	(1.74)	5.00
179900	2.80	0.06	0.00	0.59	3.12	(3.39)	8.94	(5.27)	20.15
108490	3.56	1.16	0.34	1.44	2.61	(4.20)	13.82	(4.80)	27.96
101390	2.62	(0.71)	0.00	0.80	0.00	0.00	5.05	(6.97)	20.46
045390	1.97	0.36	0.14	1.86	1.89	(2.36)	5.26	(3.07)	14.47
051370	1.98	(0.09)	0.00	(0.44)	0.00	0.00	4.37	(4.60)	11.21
126340	2.85	(0.25)	0.00	0.50	0.00	0.00	7.27	(5.62)	26.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Robotis CoLtd 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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