IRobot Correlations

Stocks . USA . 
Stock . iRobot
IRBT Stock  USD 0.22  0.13  37.14%   
The current 90-days correlation between iRobot and Purple Innovation is -0.11 (i.e., Good diversification). 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

Good diversification

The correlation between iRobot and DJI is -0.09 (i.e., Good 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.
  
Build AI portfolio with IRobot Stock
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

  0.71603355 Kingclean ElectricPairCorr
  0.62SMFNF Sumitomo Mitsui Financial Normal TradingPairCorr
  0.61MUFG Mitsubishi UFJ FinancialPairCorr
  0.6SMFG Sumitomo Mitsui FinancialPairCorr
  0.58MFG Mizuho FinancialPairCorr
  0.57MZHOF Mizuho Financial Normal TradingPairCorr
  0.55MBFJF Mitsubishi UFJ FinancialPairCorr
  0.53KB KB Financial GroupPairCorr
  0.52HBB Hamilton Beach BrandsPairCorr
  0.5SHG Shinhan FinancialPairCorr
  0.67ARVN ArvinasPairCorr
  0.66USAQ USA Equities CorpPairCorr
  0.63ALB Albemarle CorpPairCorr
  0.59TZPC ThermaFreeze ProductsPairCorr
  0.59HLF Herbalife Nutrition Buyout TrendPairCorr
  0.51STLFF Stillfront GroupPairCorr
  0.45ITRG Integra Resources CorpPairCorr
  0.4CICOY COSCO SHIPPING HoldingsPairCorr
  0.4GPHOF Graphite OnePairCorr
  0.39FQVLF First Quantum MineralsPairCorr
  0.73FSRL First Reliance BancsharesPairCorr
  0.62WOSGF Watches of SwitzerlandPairCorr
  0.59NEXA Nexa Resources SAPairCorr
  0.53BYSD Bayside CorpPairCorr
  0.53PTAIY Astra International TbkPairCorr
  0.51SGTM National Storm RecoveryPairCorr

Related Correlations Analysis


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
+ 0.85
LAZR
NVFY
+ 0.79
HOFT
SPWH
+ 0.78
LIDR
QVCGA
+ 0.76
PRPL
SPWH
+ 0.73
PRPL
LIDR
+ 0.72
PRPL
  

High negative correlations

LAZR
- 0.91
HOFT
SPWH
- 0.86
NVFY
NVFY
- 0.81
PRPL
NVFY
- 0.8
LAZR
SPWH
- 0.78
HOFT
LIDR
- 0.74
NVFY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PRPL  3.01 (0.36) 0.00 (0.40) 0.00 
 0.00 
 6.25 
(5.48)
 27.01 
HOFT  2.12  0.17  0.02 (0.84) 2.74 
(2.10)
 4.16 
(3.71)
 14.96 
LAZR  12.13 (1.45) 0.00  0.48  0.00 
 0.00 
 17.05 
(45.02)
 236.06 
NVFY  4.41  1.88  0.38 (10.00) 3.04 
(5.16)
 11.36 
(7.81)
 68.23 
LIDR  4.17 (0.21) 0.00 (0.03) 0.00 
 0.00 
 9.62 
(7.81)
 20.81 
NCL  7.80 (2.89) 0.00 (1.00) 0.00 
 0.00 
 11.11 
(17.39)
 88.19 
FLL  2.76 (0.30) 0.00 (0.29) 0.00 
 0.00 
 5.84 
(5.09)
 16.22 
QVCGA  6.11 (0.34) 0.00 (0.43) 0.00 
 0.00 
 13.70 
(14.29)
 46.85 
SPWH  3.61 (0.81) 0.00 (0.30) 0.00 
 0.00 
 7.17 
(6.46)
 45.92 
LCUT  2.74  0.04  0.00  0.14  3.28 
(3.02)
 6.01 
(4.51)
 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.
 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 ZeilerExecutive CFOProfile
Alison DeanCFO, Executive VP and TreasurerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY