RoboGroup TEK Correlations

ROBOF Stock

USD 0.0001 0.00 0.00%

The current 90-days correlation between RoboGroup TEK and Scientific Industries is -0.06 (i.e., Good diversification). The correlation of RoboGroup TEK 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.

RoboGroup TEK Correlation With Market

Pay attention - limited upside

The correlation between RoboGroup TEK and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RoboGroup TEK and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RoboGroup Pink Sheet

0.79	TRNR	Interactive Strength	Pair Corr
0.82	APVO	Aptevo Therapeutics	Pair Corr
0.91	NIVF	NewGenIvf Group	Pair Corr

Moving against RoboGroup Pink Sheet

0.85	PDER	Pardee Resources	Pair Corr
0.79	ICAGY	International Consolidated Downward Rally	Pair Corr
0.75	DREUF	Dream Industrial Real Potential Growth	Pair Corr
0.73	GL-PD	Globe Life 425	Pair Corr
0.71	TFC	Truist Financial Corp	Pair Corr
0.7	BCO	Brinks Company	Pair Corr
0.65	ENBP	ENB Financial Corp	Pair Corr
0.64	ESCA	Escalade Incorporated	Pair Corr
0.63	BHB	Bar Harbor Bankshares	Pair Corr
0.56	SOJE	Southern Company	Pair Corr
0.55	WEJTY	Webjet Limited	Pair Corr
0.5	GEL	Genesis Energy LP	Pair Corr
0.49	RDNW	RideNow Group Symbol Change	Pair Corr
0.47	CAPL	Crossamerica Partners	Pair Corr
0.46	UAMY	United States Antimony Trending	Pair Corr
0.44	DFKCY	Daifuku Co	Pair Corr
0.42	CYCC	Cyclacel Pharmaceuticals Symbol Change	Pair Corr
0.41	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.36	NBTRF	Nobel Resources Corp	Pair Corr
0.34	OXY	Occidental Petroleum	Pair Corr
0.91	ARNI	Arno Therapeutics	Pair Corr
0.75	AOZOY	Aozora Bank	Pair Corr
0.74	ASHTF	Ashtead Group plc	Pair Corr
0.73	FMFP	First Community Financial	Pair Corr
0.66	VALE	Vale SA ADR	Pair Corr
0.65	TKO	TKO Group Holdings Earnings Call Tomorrow	Pair Corr
0.64	CMI	Cummins	Pair Corr
0.62	MOG-A	Moog Inc	Pair Corr
0.55	TDY	Teledyne Technologies	Pair Corr
0.55	ASX	ASE Industrial Holding	Pair Corr
0.52	POGS	Pioneer Oil Gas	Pair Corr

Related Correlations Analysis

	LCTC	SCND	APYP	UCLE	SEAC	HAPBF	KPIFF	BNSOF	GRWC	GWSO
LCTC		0.3	-0.27	-0.09	0.22	-0.41	-0.07	-0.17	0.24	0.09	LCTC
SCND	0.3		-0.16	0.16	0.21	0.08	-0.03	-0.07	0.03	0.45	SCND
APYP	-0.27	-0.16		0.34	-0.17	0.45	0.62	0.15	-0.31	-0.31	APYP
UCLE	-0.09	0.16	0.34		-0.11	0.11	0.24	0.05	-0.09	-0.05	UCLE
SEAC	0.22	0.21	-0.17	-0.11		0.17	-0.09	-0.26	0.31	-0.01	SEAC
HAPBF	-0.41	0.08	0.45	0.11	0.17		0.28	-0.01	0.02	0.07	HAPBF
KPIFF	-0.07	-0.03	0.62	0.24	-0.09	0.28		0.24	-0.2	-0.26	KPIFF
BNSOF	-0.17	-0.07	0.15	0.05	-0.26	-0.01	0.24		-0.38	-0.02	BNSOF
GRWC	0.24	0.03	-0.31	-0.09	0.31	0.02	-0.2	-0.38		0.22	GRWC
GWSO	0.09	0.45	-0.31	-0.05	-0.01	0.07	-0.26	-0.02	0.22		GWSO
	LCTC	SCND	APYP	UCLE	SEAC	HAPBF	KPIFF	BNSOF	GRWC	GWSO

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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

KPIFF	+ 0.62	APYP
GWSO	+ 0.45	SCND
HAPBF	+ 0.45	APYP
UCLE	+ 0.34	APYP
GRWC	+ 0.31	SEAC
SCND	+ 0.3	LCTC

High negative correlations

HAPBF	- 0.41	LCTC
GRWC	- 0.38	BNSOF
GWSO	- 0.31	APYP
GRWC	- 0.31	APYP
APYP	- 0.27	LCTC
GWSO	- 0.26	KPIFF

Risk-Adjusted Indicators

There is a big difference between RoboGroup Pink Sheet performing well and RoboGroup TEK 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 RoboGroup TEK'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
LCTC	2.64	(0.32)	0.00	(0.60)	0.00	0.00	2.64	(7.69)	61.61
SCND	3.72	0.52	0.04	(0.22)	4.36	(8.58)	12.50	(11.86)	29.86
APYP	6.77	0.47	0.04	(0.38)	7.92	(8.12)	19.01	(13.24)	52.40
UCLE	19.76	4.65	0.19	0.67	17.08	(39.54)	43.90	(37.50)	273.33
SEAC	3.47	0.66	0.04	0.52	6.72	(7.44)	6.84	(5.14)	120.35
HAPBF	8.99	1.03	0.08	26.21	8.71	(13.95)	24.14	(16.67)	51.94
KPIFF	3.44	0.03	0.00	0.25	4.62	(5.46)	9.78	(9.20)	32.53
BNSOF	2.23	0.25	0.03	(1.46)	3.15	(4.59)	6.41	(4.66)	29.88
GRWC	27.53	9.36	0.19	1.40	18.81	(110.82)	83.33	(45.45)	562.56
GWSO	14.70	2.77	0.12	(0.69)	15.26	(23.61)	47.62	(30.00)	141.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in RoboGroup TEK 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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RoboGroup TEK Corporate Management

Ronen Klif	Chief Officer	Profile
David Caroll	VP Subsidiary	Profile
Gil Segal	Chief Officer	Profile
Tchya RotemFortus	Legal Sec	Profile
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