IRobot Correlations

IRBT
 Stock
  

USD 51.60  1.32  2.49%   

The correlation of IRobot is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IRobot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IRobot moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please see Risk vs Return Analysis.
  
The ability to find closely correlated positions to IRobot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IRobot 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 IRobot - 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 IRobot to buy it.

Moving together with IRobot

+0.73ATERAterianPairCorr
+0.72SNBRSleep Number CorpPairCorr

Moving against IRobot

-0.81TPXTempur Sealy InternaPairCorr
-0.8HBBHamilton Beach BrandsPairCorr
-0.79ETDEthan Allen InteriorsPairCorr
-0.76HOFTHooker Furniture Earnings Call TomorrowPairCorr
-0.66PATKPatrick IndustriesPairCorr
-0.51AMWDAmerican WoodmarkPairCorr
-0.87APEIAmerican Public EducationPairCorr
-0.82ALVAutolivPairCorr
-0.81ANFAbercrombie FitchPairCorr

Related Correlations

IVSXF
AAM-PB
ATCO-PH
PFG
JBARF
STT-PG
VEOEY
GBLBF
IVSXF
0.480.470.850.510.620.930.89
IVSXF
AAM-PB
0.480.680.160.490.840.420.53
AAM-PB
ATCO-PH
0.470.680.140.610.750.420.52
ATCO-PH
PFG
0.850.160.140.370.330.890.74
PFG
JBARF
0.510.490.610.370.530.510.49
JBARF
STT-PG
0.620.840.750.330.530.60.64
STT-PG
VEOEY
0.930.420.420.890.510.60.88
VEOEY
GBLBF
0.890.530.520.740.490.640.88
GBLBF
IVSXF
AAM-PB
ATCO-PH
PFG
JBARF
STT-PG
VEOEY
GBLBF
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
VEOEYIVSXF
GBLBFIVSXF
VEOEYPFG
GBLBFVEOEY
PFGIVSXF
STT-PGAAM-PB
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between IRobot Stock performing well and IRobot company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze IRobot's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IRobot 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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IRobot Corporate Directors

IRobot corporate directors refer to members of an IRobot board of directors. The board of directors generally takes responsibility for the IRobot's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of IRobot's board members must vote for the resolution. The IRobot board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michelle Stacy - DirectorProfile
Eva Manolis - DirectorProfile
Mohamad Ali - DirectorProfile
Andrea Geisser - Independent DirectorProfile

Invested in IRobot?

The danger of trading IRobot is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IRobot is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IRobot. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IRobot is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the IRobot information on this page should be used as a complementary analysis to other IRobot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for IRobot Stock analysis

When running IRobot price analysis, check to measure IRobot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRobot is operating at the current time. Most of IRobot's value examination focuses on studying past and present price action to predict the probability of IRobot's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IRobot's price. Additionally, you may evaluate how the addition of IRobot to your portfolios can decrease your overall portfolio volatility.
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Is IRobot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRobot. If investors know IRobot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRobot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.37) 
Market Capitalization
1.4 B
Quarterly Revenue Growth YOY
(0.37) 
Return On Assets
(0.10) 
Return On Equity
(0.36) 
The market value of IRobot is measured differently than its book value, which is the value of IRobot that is recorded on the company's balance sheet. Investors also form their own opinion of IRobot's value that differs from its market value or its book value, called intrinsic value, which is IRobot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRobot's market value can be influenced by many factors that don't directly affect IRobot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRobot's value and its price as these two are different measures arrived at by different means. Investors typically determine IRobot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRobot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.