IRobot Correlations

IRBTDelisted Stock

USD 0.22 0.13 37.14%

The correlation of IRobot 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IRobot Correlation With Market

Excellent diversification

The correlation between IRobot and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IRobot and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against IRobot Stock

0.68	VLKAF	Volkswagen AG	Pair Corr
0.64	VWAGY	Volkswagen AG 110	Pair Corr
0.61	VLKPF	Volkswagen AG VZO	Pair Corr
0.6	ACN	Accenture plc	Pair Corr
0.58	SAR	Saratoga Investment Corp	Pair Corr
0.57	WMT	Walmart Common Stock	Pair Corr
0.56	AA	Alcoa Corp	Pair Corr
0.53	AXP	American Express Earnings Call This Week	Pair Corr
0.52	JNJ	Johnson Johnson	Pair Corr
0.51	BA	Boeing	Pair Corr
0.48	MRK	Merck Company Earnings Call This Week	Pair Corr
0.47	DD	Dupont De Nemours	Pair Corr
0.43	MCD	McDonalds	Pair Corr
0.42	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.37	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.35	CSCO	Cisco Systems Aggressive Push	Pair Corr

Related Correlations Analysis

	PRPL	HOFT	LAZR	NVFY	LIDR	NCL	FLL	QVCGA	SPWH	LCUT
PRPL		-0.46	0.24	-0.26	0.6	0.5	0.45	0.47	0.48	0.03	PRPL
HOFT	-0.46		-0.87	0.82	-0.7	-0.9	-0.14	0.04	-0.75	0.61	HOFT
LAZR	0.24	-0.87		-0.8	0.65	0.87	-0.13	-0.3	0.79	-0.67	LAZR
NVFY	-0.26	0.82	-0.8		-0.5	-0.86	0.24	0.29	-0.78	0.83	NVFY
LIDR	0.6	-0.7	0.65	-0.5		0.73	0.25	0.04	0.7	-0.14	LIDR
NCL	0.5	-0.9	0.87	-0.86	0.73		0.05	-0.09	0.92	-0.63	NCL
FLL	0.45	-0.14	-0.13	0.24	0.25	0.05		0.49	-0.02	0.32	FLL
QVCGA	0.47	0.04	-0.3	0.29	0.04	-0.09	0.49		-0.11	0.34	QVCGA
SPWH	0.48	-0.75	0.79	-0.78	0.7	0.92	-0.02	-0.11		-0.56	SPWH
LCUT	0.03	0.61	-0.67	0.83	-0.14	-0.63	0.32	0.34	-0.56		LCUT
	PRPL	HOFT	LAZR	NVFY	LIDR	NCL	FLL	QVCGA	SPWH	LCUT

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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

SPWH	+ 0.92	NCL
NCL	+ 0.87	LAZR
LCUT	+ 0.83	NVFY
NVFY	+ 0.82	HOFT
SPWH	+ 0.79	LAZR
NCL	+ 0.73	LIDR

High negative correlations

NCL	- 0.9	HOFT
LAZR	- 0.87	HOFT
NCL	- 0.86	NVFY
NVFY	- 0.8	LAZR
SPWH	- 0.78	NVFY
SPWH	- 0.75	HOFT

Risk-Adjusted Indicators

There is a big difference between IRobot Stock performing well and IRobot 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 IRobot'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
PRPL	3.02	(0.16)	0.00	(0.36)	0.00	0.00	6.25	(5.48)	27.01
HOFT	1.90	0.69	0.23	(1.17)	1.97	(2.13)	4.90	(3.41)	14.96
LAZR	12.13	(1.03)	0.00	0.17	0.00	0.00	17.05	(45.02)	236.06
NVFY	4.41	2.01	0.38	(0.86)	3.04	(5.16)	11.36	(7.81)	68.23
LIDR	3.59	(0.58)	0.00	(0.20)	0.00	0.00	7.11	(7.08)	19.19
NCL	7.51	(1.26)	0.00	(0.36)	0.00	0.00	11.76	(13.33)	81.07
FLL	2.52	(0.22)	0.00	(0.20)	0.00	0.00	4.86	(4.87)	16.22
QVCGA	6.22	0.03	0.00	(0.37)	9.49	(6.45)	14.97	(14.29)	46.70
SPWH	3.12	(0.88)	0.00	(0.39)	0.00	0.00	4.96	(6.07)	37.14
LCUT	2.58	0.21	0.06	0.35	3.02	(3.02)	6.01	(4.33)	21.40

IRobot Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IRobot stock to make a market-neutral strategy. Peer analysis of IRobot could also be used in its relative valuation, which is a method of valuing IRobot by comparing valuation metrics with similar companies.

Purple Innovation Hooker Furniture Luminar Technologies NVFY Old Aeye Inc Northann Corp Full House Resorts QVC Group Sportsmans Lifetime Brands American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

IRobot Corporate Executives

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

	Julie Zeiler	Executive CFO	Profile
	Alison Dean	CFO, Executive VP and Treasurer	Profile

Still Interested in IRobot?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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