Richtech Robotics Correlations

RR Stock

3.36 0.29 7.95%

The current 90-days correlation between Richtech Robotics Class and Kornit Digital is 0.16 (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

Very weak diversification

The correlation between Richtech Robotics Class and DJI is 0.5 (i.e., Very 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 population.

Moving together with Richtech Stock

0.62	BRCK	Brickability Group Plc	Pair Corr
0.63	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.75	HY	Hyster Yale Materials	Pair Corr
0.79	688218	Jiangsu Beiren Robot	Pair Corr
0.7	301053	Yoantion Industrial	Pair Corr
0.82	DPRO	Draganfly	Pair Corr
0.65	688169	Beijing Roborock Tec	Pair Corr
0.69	600843	Shang Gong Group	Pair Corr

Moving against Richtech Stock

0.72	PH	Parker Hannifin	Pair Corr
0.52	HI	Hillenbrand	Pair Corr
0.42	VATE	Innovate Corp	Pair Corr
0.36	600765	AVIC Heavy Machinery	Pair Corr
0.51	301028	Xiamen East Asia	Pair Corr
0.38	601890	Asian Star Anchor	Pair Corr
0.74	688028	Beijing Worldia Diamond	Pair Corr
0.72	002667	AnShan Heavy Duty	Pair Corr
0.68	002795	Yorhe Fluid Intelligent	Pair Corr
0.65	BRM	BioRem Inc	Pair Corr
0.45	600835	Shanghai Mechanical	Pair Corr

Related Correlations Analysis

	KRNT	GHM	SERV	RYI	VSTS	LTBR	EH	TRNS	FIP	HY
KRNT		0.39	0.47	0.69	0.16	0.14	0.12	0.43	0.5	0.57	KRNT
GHM	0.39		0.06	0.43	0.46	-0.07	-0.31	-0.12	0.46	0.05	GHM
SERV	0.47	0.06		0.16	-0.38	0.77	0.66	0.68	0.74	0.78	SERV
RYI	0.69	0.43	0.16		0.55	-0.32	-0.29	0.07	0.17	0.23	RYI
VSTS	0.16	0.46	-0.38	0.55		-0.74	-0.87	-0.68	-0.16	-0.43	VSTS
LTBR	0.14	-0.07	0.77	-0.32	-0.74		0.88	0.79	0.63	0.7	LTBR
EH	0.12	-0.31	0.66	-0.29	-0.87	0.88		0.85	0.44	0.73	EH
TRNS	0.43	-0.12	0.68	0.07	-0.68	0.79	0.85		0.51	0.81	TRNS
FIP	0.5	0.46	0.74	0.17	-0.16	0.63	0.44	0.51		0.7	FIP
HY	0.57	0.05	0.78	0.23	-0.43	0.7	0.73	0.81	0.7		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

EH	+ 0.88	LTBR
TRNS	+ 0.85	EH
HY	+ 0.81	TRNS
TRNS	+ 0.79	LTBR
HY	+ 0.78	SERV
LTBR	+ 0.77	SERV

High negative correlations

EH	- 0.87	VSTS
LTBR	- 0.74	VSTS
TRNS	- 0.68	VSTS
HY	- 0.43	VSTS
VSTS	- 0.38	SERV
LTBR	- 0.32	RYI

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	2.27	(0.04)	(0.01)	0.03	2.93	(2.46)	5.04	(6.13)	13.28
GHM	2.43	0.42	0.14	0.31	2.88	(2.45)	5.09	(4.89)	10.94
SERV	5.02	(0.43)	0.00	(0.03)	0.00	0.00	10.62	(9.65)	44.31
RYI	2.05	0.10	0.06	0.13	2.53	(2.12)	4.22	(4.44)	11.34
VSTS	2.51	0.64	0.19	0.58	2.69	(2.88)	6.21	(4.15)	18.68
LTBR	5.46	(0.60)	0.00	(0.04)	0.00	0.00	9.65	(10.77)	44.30
EH	2.03	(0.61)	0.00	(0.39)	0.00	0.00	4.62	(5.09)	14.52
TRNS	2.21	(0.41)	0.00	(0.15)	0.00	0.00	5.41	(3.69)	17.88
FIP	3.47	0.00	0.02	0.08	4.10	(3.84)	7.45	(7.30)	18.25
HY	2.05	(0.35)	0.00	(0.13)	0.00	0.00	3.85	(3.45)	20.40

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

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