Richtech Robotics Correlations

Stocks . USA . 
Stock . Richtech Robotics Class
RR Stock   0.56  0.03  5.66%   
The current 90-days correlation between Richtech Robotics Class and Spring Valley Acquisition is -0.11 (i.e., Good 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

Average diversification

The correlation between Richtech Robotics Class and DJI is 0.12 (i.e., Average 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.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richtech Robotics Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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Moving against Richtech Stock

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Related Correlations Analysis

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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   
RGAGX
+ 0.89
SCRYX
KNF
+ 0.86
RGAGX
AMYZF
+ 0.86
MRK
KNF
+ 0.85
FRHC
RGAGX
+ 0.84
FRHC
KNF
+ 0.73
SCRYX
  
High negative correlations   
MRK
- 0.94
FRHC
AMYZF
- 0.86
KNF
AMYZF
- 0.85
FRHC
AMYZF
- 0.84
RGAGX
MRK
- 0.82
RGAGX
MRK
- 0.76
KNF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SCRYX  0.97  0.09  0.01  0.99  0.96 
(1.10)
 2.39 
(1.69)
 7.88 
FRHC  1.37  0.47  0.25  0.96  1.13 
(1.50)
 4.02 
(2.40)
 7.38 
GFL  1.23  0.05  0.02  0.15  1.36 
(1.32)
 2.97 
(2.29)
 7.37 
RGAGX  0.69  0.11  0.02 (1.49) 0.91 
(0.71)
 1.34 
(1.66)
 4.40 
SVII  0.20 (0.02)(0.11) 0.00  0.39 
(0.32)
 0.44 
(0.53)
 4.77 
GFI  2.21 (0.15) 0.00  1.25  0.00 
 0.00 
 4.52 
(5.41)
 14.93 
KNF  1.58  0.26  0.15  0.22  1.88 
(1.66)
 4.01 
(2.46)
 12.96 
MRK  0.83 (0.26) 0.00 (1.64) 0.00 
 0.00 
 1.68 
(2.13)
 4.89 
WES  1.05  0.01 (0.04) 0.12  1.39 
(1.02)
 1.94 
(2.16)
 5.82 
AMYZF  3.86 (0.16) 0.00  1.86  0.00 
 0.00 
 7.41 
(8.75)
 21.04 

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 HuangCFO CoFounderProfile
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