Richtech Robotics Correlations

RR Stock

3.40 0.36 11.84%

The current 90-days correlation between Richtech Robotics Class and Kornit Digital is 0.1 (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

Weak diversification

The correlation between Richtech Robotics Class and DJI is 0.31 (i.e., Weak 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.

Build AI portfolio with Richtech Stock

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 inflation.

Related Correlations Analysis

	KRNT	GHM	SERV	RYI	VSTS	LTBR	EH	TRNS	FIP	HY
KRNT		0.5	0.61	0.57	0.56	-0.26	-0.22	0.43	0.23	0.45	KRNT
GHM	0.5		0.49	0.88	0.42	-0.06	-0.41	0.79	0.82	0.64	GHM
SERV	0.61	0.49		0.49	0.32	0.33	0.15	0.36	0.53	0.6	SERV
RYI	0.57	0.88	0.49		0.68	-0.34	-0.67	0.67	0.71	0.56	RYI
VSTS	0.56	0.42	0.32	0.68		-0.59	-0.71	0.18	0.32	0.38	VSTS
LTBR	-0.26	-0.06	0.33	-0.34	-0.59		0.79	0.1	0.26	0.25	LTBR
EH	-0.22	-0.41	0.15	-0.67	-0.71	0.79		-0.22	-0.21	-0.1	EH
TRNS	0.43	0.79	0.36	0.67	0.18	0.1	-0.22		0.63	0.63	TRNS
FIP	0.23	0.82	0.53	0.71	0.32	0.26	-0.21	0.63		0.77	FIP
HY	0.45	0.64	0.6	0.56	0.38	0.25	-0.1	0.63	0.77		HY
	KRNT	GHM	SERV	RYI	VSTS	LTBR	EH	TRNS	FIP	HY

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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

RYI	+ 0.88	GHM
FIP	+ 0.82	GHM
TRNS	+ 0.79	GHM
EH	+ 0.79	LTBR
HY	+ 0.77	FIP
FIP	+ 0.71	RYI

High negative correlations

EH	- 0.71	VSTS
EH	- 0.67	RYI
LTBR	- 0.59	VSTS
EH	- 0.41	GHM
LTBR	- 0.34	RYI
LTBR	- 0.26	KRNT

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
KRNT	1.89	(0.06)	(0.02)	0.03	2.50	(2.05)	4.27	(4.50)	12.19
GHM	2.51	0.30	0.12	0.20	3.06	(2.51)	5.23	(4.93)	14.76
SERV	4.80	(0.40)	0.00	(0.03)	0.00	0.00	13.97	(9.56)	28.21
RYI	1.80	0.47	0.22	0.47	1.72	(2.04)	4.22	(3.14)	11.34
VSTS	2.64	0.48	0.14	0.46	3.30	(2.87)	6.21	(6.37)	18.68
LTBR	4.94	(0.83)	0.00	(0.15)	0.00	0.00	10.58	(10.91)	27.21
EH	2.13	(0.70)	0.00	(0.38)	0.00	0.00	5.77	(5.09)	17.58
TRNS	2.56	0.00	0.03	0.08	2.95	(3.10)	8.42	(3.69)	12.75
FIP	3.30	0.02	0.02	0.09	3.89	(3.70)	7.93	(7.30)	18.25
HY	2.48	(0.06)	0.01	0.05	2.74	(2.93)	5.10	(4.77)	20.43

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

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