Rewalk Robotics Correlations

Stocks . USA . 
Stock . Rewalk Robotics
RWLK Stock  USD 0.71  0.05  7.58%   
The correlation of Rewalk Robotics 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 Rewalk Robotics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rewalk Robotics 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.
Check out Your Equity Center. For more information on how to buy Rewalk Stock please use our How to buy in Rewalk Stock guide.
  
The ability to find closely correlated positions to Rewalk Robotics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rewalk Robotics 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 Rewalk Robotics - 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 Rewalk Robotics to buy it.

Moving together with Rewalk Robotics

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Moving against Rewalk Robotics

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Related Correlations

OM
MDXG
VANI
VERO
MODD
MOVE
OM
0.10.610.870.720.53
OM
MDXG
0.10.57-0.190.1-0.37
MDXG
VANI
0.610.570.470.560.19
VANI
VERO
0.87-0.190.470.630.57
VERO
MODD
0.720.10.560.630.62
MODD
MOVE
0.53-0.370.190.570.62
MOVE
OM
MDXG
VANI
VERO
MODD
MOVE
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   
VERO
+ 0.87
OM
MODD
+ 0.72
OM
MODD
+ 0.63
VERO
MOVE
+ 0.62
MODD
VANI
+ 0.61
OM
VANI
+ 0.57
MDXG
  
High negative correlations   
MOVE
- 0.37
MDXG
VERO
- 0.19
MDXG

Risk-Adjusted Indicators

Nowadays, there is a big difference between Rewalk Stock performing well and Rewalk Robotics 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 Rewalk Robotics' multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
OM 2.46 (0.49)  0.00 (0.30)  0.00 (0.15)  0.00  5.43 (6.06)  17.67 
MDXG 2.98  0.38  0.09  0.29  3.72  0.09 (3.28)  6.83 (4.86)  23.69 
VANI 3.65  0.20  0.05 (0.92)  3.79  0.0451 (4.22)  6.80 (6.35)  23.92 
VERO 4.19 (0.13)  0.00 (0.18)  0.00 (0.0215)  0.00  10.71 (9.09)  26.34 
MODD 4.92 (0.26)  0.00 (0.50)  0.00 (0.0382)  0.00  9.92 (9.55)  41.39 
MOVE 3.83 (0.18)  0.00 (0.23)  0.00 (0.0339)  0.00  9.45 (10.29)  26.33 

Be your own money manager

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

Rewalk Robotics corporate directors refer to members of a Rewalk Robotics board of directors. The board of directors generally takes responsibility for the Rewalk Robotics' 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 Rewalk Robotics' board members must vote for the resolution. The Rewalk Robotics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jay KalishIndependent DirectorProfile
Miri ParienteGlobal Director - QualityProfile
Yohanan EngelhardtDirectorProfile
Glenn MuirIndependent DirectorProfile

Already Invested in Rewalk Robotics?

The danger of trading Rewalk Robotics 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 Rewalk Robotics 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 Rewalk Robotics. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rewalk Robotics 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.
Check out Your Equity Center. For more information on how to buy Rewalk Stock please use our How to buy in Rewalk Stock guide. You can also try Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Rewalk Robotics price analysis, check to measure Rewalk Robotics' 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 Rewalk Robotics is operating at the current time. Most of Rewalk Robotics' value examination focuses on studying past and present price action to predict the probability of Rewalk Robotics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Rewalk Robotics' price. Additionally, you may evaluate how the addition of Rewalk Robotics to your portfolios can decrease your overall portfolio volatility.
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Is Rewalk Robotics' 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 Rewalk Robotics. If investors know Rewalk 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 Rewalk Robotics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.33) 
Revenue Per Share
0.088
Quarterly Revenue Growth
0.754
Return On Assets
(0.14) 
Return On Equity
(0.25) 
The market value of Rewalk Robotics is measured differently than its book value, which is the value of Rewalk that is recorded on the company's balance sheet. Investors also form their own opinion of Rewalk Robotics' value that differs from its market value or its book value, called intrinsic value, which is Rewalk Robotics' 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 Rewalk Robotics' market value can be influenced by many factors that don't directly affect Rewalk Robotics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Rewalk Robotics' value and its price as these two are different measures arrived at by different means. Investors typically determine Rewalk Robotics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rewalk Robotics' 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.
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