Serve Robotics Correlations

SERV Stock

USD 14.99 0.57 3.95%

The current 90-days correlation between Serve Robotics Common and Richtech Robotics Class is 0.73 (i.e., Poor diversification). The correlation of Serve 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.

Serve Robotics Correlation With Market

Very weak diversification

The correlation between Serve Robotics Common and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Serve Robotics Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Serve Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Serve Robotics Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Serve Stock

0.64	BH	Biglari Holdings	Pair Corr
0.7	SG	Sweetgreen	Pair Corr
0.67	CDROW	Codere Online Luxembourg	Pair Corr
0.66	FLUT	Flutter Entertainment plc	Pair Corr
0.71	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr

Moving against Serve Stock

0.63	002159	Wuhan Sante Cableway	Pair Corr
0.5	RFG	Retail Food Group	Pair Corr
0.5	VARE	Various Eateries PLC	Pair Corr
0.47	WYNN	Wynn Resorts Limited	Pair Corr
0.31	DNUT	Krispy Kreme	Pair Corr
0.76	LVS	Las Vegas Sands	Pair Corr
0.65	GDEN	Golden Entertainment	Pair Corr
0.4	YUM	Yum Brands	Pair Corr

Related Correlations Analysis

	RR	VLRS	SKYH	GHM	MATW	KRNT	GLDD	APOG	NPK	NAT
RR		-0.31	0.84	-0.1	-0.56	0.27	-0.64	0.45	0.44	-0.49	RR
VLRS	-0.31		-0.37	0.77	0.81	0.7	0.7	0.15	0.46	0.13	VLRS
SKYH	0.84	-0.37		-0.02	-0.58	0.15	-0.51	0.23	0.36	-0.36	SKYH
GHM	-0.1	0.77	-0.02		0.6	0.68	0.54	0.04	0.73	0.16	GHM
MATW	-0.56	0.81	-0.58	0.6		0.46	0.82	0.08	0.2	0.45	MATW
KRNT	0.27	0.7	0.15	0.68	0.46		0.25	0.41	0.72	-0.03	KRNT
GLDD	-0.64	0.7	-0.51	0.54	0.82	0.25		0.06	-0.02	0.36	GLDD
APOG	0.45	0.15	0.23	0.04	0.08	0.41	0.06		0.21	-0.47	APOG
NPK	0.44	0.46	0.36	0.73	0.2	0.72	-0.02	0.21		-0.13	NPK
NAT	-0.49	0.13	-0.36	0.16	0.45	-0.03	0.36	-0.47	-0.13		NAT
	RR	VLRS	SKYH	GHM	MATW	KRNT	GLDD	APOG	NPK	NAT

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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

SKYH	+ 0.84	RR
GLDD	+ 0.82	MATW
MATW	+ 0.81	VLRS
GHM	+ 0.77	VLRS
NPK	+ 0.73	GHM
NPK	+ 0.72	KRNT

High negative correlations

GLDD	- 0.64	RR
MATW	- 0.58	SKYH
MATW	- 0.56	RR
GLDD	- 0.51	SKYH
NAT	- 0.49	RR
NAT	- 0.47	APOG

Risk-Adjusted Indicators

There is a big difference between Serve Stock performing well and Serve 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 Serve 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
RR	5.47	(0.88)	0.00	(0.07)	0.00	0.00	12.18	(10.12)	33.10
VLRS	2.41	0.31	0.14	0.32	2.34	(2.95)	5.38	(4.72)	17.10
SKYH	1.80	(0.29)	0.00	(0.03)	0.00	0.00	4.47	(3.99)	12.01
GHM	2.46	0.24	0.11	0.23	2.83	(2.47)	5.13	(4.93)	12.20
MATW	1.49	0.31	0.11	(1.78)	1.42	(1.67)	3.42	(2.50)	13.21
KRNT	2.13	0.00	0.01	0.11	2.60	(2.49)	5.04	(4.50)	13.28
GLDD	1.58	0.21	0.13	0.32	1.49	(1.91)	3.09	(3.02)	15.70
APOG	1.60	(0.28)	0.00	(0.10)	0.00	0.00	3.67	(3.14)	17.93
NPK	1.42	0.06	0.00	0.22	2.06	(1.46)	2.67	(2.71)	10.36
NAT	1.47	0.38	0.15	(8.25)	1.29	(1.68)	3.33	(2.51)	8.73

Serve Robotics Corporate Management

Prahar Shah	Chief Officer	Profile
Evan Dunn	General Counsel	Profile
Aduke Thelwell	Head Communications	Profile
Anthony Armenta	Chief Officer	Profile

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