Richtech Robotics Correlations
| RR Stock | 2.49 0.25 9.12% |
The current 90-days correlation between Richtech Robotics Class and CNH Industrial NV is 0.13 (i.e., Average diversification). The correlation of Richtech Robotics 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.
Richtech Robotics Correlation With Market
Good diversification
The correlation between Richtech Robotics Class and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richtech Robotics Class and DJI in the same portfolio, assuming nothing else is changed.
Moving against Richtech Stock
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| 0.42 | IR | Ingersoll Rand | PairCorr |
| 0.42 | OSG | OSG Corporation | PairCorr |
| 0.4 | HI | Hillenbrand | PairCorr |
| 0.34 | HY | Hyster Yale Materials Earnings Call This Week | PairCorr |
| 0.67 | 4RX0 | ZURN ELKAY WATER | PairCorr |
| 0.67 | GCP | General Electric | PairCorr |
| 0.6 | STGN | Starrag Group Holding | PairCorr |
| 0.59 | HZ8 | Insteel Industries | PairCorr |
| 0.49 | CE3 | Chongqing Machinery | PairCorr |
| 0.39 | EAAS | Eenergy Group PLC | PairCorr |
| 0.31 | IMI1 | IMI plc Earnings Call This Week | PairCorr |
| 0.65 | BRM | BioRem Inc | PairCorr |
| 0.58 | ILT | Illinois Tool Works | PairCorr |
| 0.43 | 0MO | DMG Mori | PairCorr |
| 0.35 | NDX1 | Nordex SE | PairCorr |
| 0.33 | EPAC | Enerpac Tool Group | PairCorr |
| 0.31 | QS2A | Smiths Group plc | PairCorr |
Related Correlations Analysis
| 0.98 | 0.81 | 0.92 | 0.97 | 0.95 | IEX | ||
| 0.98 | 0.83 | 0.89 | 0.95 | 0.96 | NDSN | ||
| 0.81 | 0.83 | 0.74 | 0.84 | 0.9 | GNRC | ||
| 0.92 | 0.89 | 0.74 | 0.92 | 0.87 | JBHT | ||
| 0.97 | 0.95 | 0.84 | 0.92 | 0.96 | LECO | ||
| 0.95 | 0.96 | 0.9 | 0.87 | 0.96 | CNH | ||
Risk-Adjusted Indicators
There is a big difference between Richtech Stock performing well and Richtech Robotics 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 Richtech Robotics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IEX | 1.04 | 0.25 | 0.24 | 0.38 | 0.68 | 2.57 | 8.28 | |||
| NDSN | 0.87 | 0.28 | 0.26 | 0.41 | 0.57 | 2.48 | 4.63 | |||
| GNRC | 2.31 | 0.57 | 0.25 | 0.41 | 2.11 | 5.37 | 20.12 | |||
| JBHT | 1.30 | 0.43 | 0.29 | 0.44 | 1.09 | 4.09 | 9.49 | |||
| LECO | 1.26 | 0.24 | 0.20 | 0.25 | 1.10 | 3.71 | 7.77 | |||
| CNH | 1.58 | 0.28 | 0.17 | 0.32 | 1.38 | 4.04 | 9.80 |
Richtech Robotics Corporate Executives
Elected by the shareholders, the Richtech Robotics' board of directors comprises two types of representatives: Richtech Robotics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Richtech. The board's role is to monitor Richtech Robotics' management team and ensure that shareholders' interests are well served. Richtech Robotics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Richtech Robotics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhenqiang Huang | CFO CoFounder | Profile |