ROBO Global Q3 Index Performance Commentary

The ROBO Global Robotics and Automation (ROBO) index returned 5.6% during the third quarter of 2024. Overall, the robotics space still underperformed over the past year due to a combination of megacap divergence , as well as a gap in the final market. For example, Omnicell, one of the best performers of the quarter (+58.9%), trades at 1.8 times forward (…)

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