Roots Corp Correlations

4RO Stock

EUR 1.83 0.01 0.54%

The current 90-days correlation between Roots Corp and AUREA SA INH is 0.11 (i.e., Average diversification). The correlation of Roots Corp 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.

Roots Corp Correlation With Market

Excellent diversification

The correlation between Roots Corp and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roots Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Roots Stock

0.7	SK3	Smurfit Kappa Group	Pair Corr
0.66	SK3	Smurfit Kappa Group	Pair Corr
0.63	NCO	Nedbank Group Limited	Pair Corr
0.62	KGHA	KGHM Polska Miedz	Pair Corr
0.62	SZG	Salzgitter AG	Pair Corr
0.6	H3M	Hochschild Mining plc	Pair Corr
0.57	7GA	Gestamp Automoción	Pair Corr
0.56	01H	HORIBA	Pair Corr
0.55	3I5	Frontdoor	Pair Corr
0.54	SZL	SOLSTAD OFFSHORE	Pair Corr
0.51	DJDA	DIeteren Group SA	Pair Corr
0.5	MSI	Mitsui Chemicals	Pair Corr
0.48	IMK	IMAX China Holding Earnings Call Tomorrow	Pair Corr
0.46	LPK	LPKF Laser Electronics	Pair Corr
0.45	NPV	Nippon Carbon	Pair Corr
0.4	41B	Bellway PLC	Pair Corr
0.39	T4W	Toro Energy	Pair Corr
0.39	ROW	Texas Roadhouse Earnings Call This Week	Pair Corr
0.34	SKFA	AB SKF	Pair Corr
0.7	ALV	Allianz SE	Pair Corr
0.7	AOMD	Alstom SA	Pair Corr
0.65	7YZ	THARISA NON LIST	Pair Corr
0.65	WCE	CECO ENVIRONMENTAL Earnings Call Next Week	Pair Corr
0.64	HZ8	Insteel Industries	Pair Corr
0.6	TCW	TOKYU STRUCTION	Pair Corr
0.58	2G0	Food Life Companies	Pair Corr
0.58	NEF	Neste Oyj	Pair Corr

Related Correlations Analysis

	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU
94P		0.03	0.14	0.15	0.51	-0.17	-0.05	0.13	0.23	0.04	94P
8SP	0.03		0.3	0.36	-0.18	-0.03	0.33	0.32	0.33	0.52	8SP
DVDG	0.14	0.3		0.83	0.53	-0.75	0.77	0.95	0.76	0.1	DVDG
INL	0.15	0.36	0.83		0.42	-0.45	0.76	0.84	0.61	0.08	INL
VOW	0.51	-0.18	0.53	0.42		-0.34	0.51	0.52	0.36	-0.33	VOW
BTC1	-0.17	-0.03	-0.75	-0.45	-0.34		-0.28	-0.72	-0.69	-0.13	BTC1
RRU	-0.05	0.33	0.77	0.76	0.51	-0.28		0.79	0.44	-0.11	RRU
RS6	0.13	0.32	0.95	0.84	0.52	-0.72	0.79		0.71	0.13	RS6
9K1	0.23	0.33	0.76	0.61	0.36	-0.69	0.44	0.71		0.33	9K1
3RKU	0.04	0.52	0.1	0.08	-0.33	-0.13	-0.11	0.13	0.33		3RKU
	94P	8SP	DVDG	INL	VOW	BTC1	RRU	RS6	9K1	3RKU

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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

RS6	+ 0.95	DVDG
RS6	+ 0.84	INL
INL	+ 0.83	DVDG
RS6	+ 0.79	RRU
RRU	+ 0.77	DVDG
9K1	+ 0.76	DVDG

High negative correlations

BTC1	- 0.75	DVDG
RS6	- 0.72	BTC1
9K1	- 0.69	BTC1
BTC1	- 0.45	INL
BTC1	- 0.34	VOW
3RKU	- 0.33	VOW

Risk-Adjusted Indicators

There is a big difference between Roots Stock performing well and Roots Corp 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 Roots Corp'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
94P	1.79	0.06	0.01	0.32	2.08	(1.99)	3.44	(3.49)	11.80
8SP	1.54	(0.04)	(0.01)	0.02	3.73	(1.68)	4.67	(2.27)	21.96
DVDG	0.46	0.15	0.16	0.75	0.32	(0.53)	1.00	(0.65)	3.06
INL	3.13	0.35	0.08	0.33	4.12	(3.19)	8.76	(5.60)	24.14
VOW	0.66	0.15	0.06	(1.29)	0.70	(1.15)	2.02	(1.19)	6.95
BTC1	2.30	(0.62)	0.00	(0.79)	0.00	0.00	3.98	(5.63)	14.40
RRU	1.89	0.18	0.06	0.63	2.00	(1.98)	3.53	(3.25)	9.23
RS6	1.23	0.37	0.26	(1.90)	0.79	(1.53)	3.18	(1.57)	5.55
9K1	1.52	0.25	0.10	2.69	1.65	(2.01)	3.87	(2.79)	12.62
3RKU	2.38	0.07	0.02	0.14	2.63	(2.94)	4.91	(4.49)	12.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roots Corp 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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Roots Corp Corporate Management

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

Kaleb Honsberger	General VP	Profile
Karuna Scheinfeld	Chief Officer	Profile
Bea Nam	Head Design	Profile
Joseph Mangatoor	Vice Operations	Profile
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Leon Wu	Chief Officer	Profile

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