How I helped create Robo-Stox, a new stock index for the robotics community
On Tuesday, a sleek robotic arm rang the closing bell of the Nasdaq stock exchange. It was the first time a robot performed the task.
The event celebrated the launch of Robo-Stox, a stock index focused on robotics, automation, and related technologies. Thanks to Robo-Stox, individuals and institutions can now easily invest in the continuing growth of the robotics industry worldwide. The index, based on an algorithm and database of robotics I helped develop, is something I’ve dreamed of and worked on for almost eight years.
First, some background on investment terms and what Robo-Stox represents. You might be familiar with major stock indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite. Those indices track a large number of publicly-listed companies from a variety of industries. To target specific industries, investors created indices that track companies operating in those particular sectors. You can invest in indices focused on biotechnology, pharmaceutical, aerospace, home construction, insurance, medical equipment, oil exploration, telecommunications, among many others. The Robo-Stox Global Robotics & Automation Index is the first to provide a comprehensive and focused measure of the value of robotics and automation.
Read the full story on Automaton.