Launch One Correlations

LPAAW Stock

0.25 0.00 0.00%

The current 90-days correlation between Launch One Acquisition and Quetta Acquisition is 0.03 (i.e., Significant diversification). The correlation of Launch One 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.

Launch One Correlation With Market

Significant diversification

The correlation between Launch One Acquisition and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Launch One Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Launch Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Launch One Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Launch Stock

0.39	CSCO	Cisco Systems	Pair Corr
0.33	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	QETA	KFIIR	OYSE	CUBWW	OBA	QUMS	PACH	SIMA	SVCCW	RANG
QETA		0.22	0.22	-0.04	0.46	0.16	0.39	0.41	0.0	0.04	QETA
KFIIR	0.22		0.51	-0.25	0.36	0.26	0.57	0.28	0.0	-0.3	KFIIR
OYSE	0.22	0.51		-0.27	0.31	0.53	0.51	0.29	0.0	-0.43	OYSE
CUBWW	-0.04	-0.25	-0.27		-0.12	-0.53	-0.17	-0.36	0.0	0.32	CUBWW
OBA	0.46	0.36	0.31	-0.12		0.09	0.67	0.55	0.0	0.13	OBA
QUMS	0.16	0.26	0.53	-0.53	0.09		0.33	0.29	0.0	-0.58	QUMS
PACH	0.39	0.57	0.51	-0.17	0.67	0.33		0.38	0.0	-0.09	PACH
SIMA	0.41	0.28	0.29	-0.36	0.55	0.29	0.38		0.0	-0.18	SIMA
SVCCW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SVCCW
RANG	0.04	-0.3	-0.43	0.32	0.13	-0.58	-0.09	-0.18	0.0		RANG
	QETA	KFIIR	OYSE	CUBWW	OBA	QUMS	PACH	SIMA	SVCCW	RANG

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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

PACH	+ 0.67	OBA
PACH	+ 0.57	KFIIR
SIMA	+ 0.55	OBA
QUMS	+ 0.53	OYSE
OYSE	+ 0.51	KFIIR
PACH	+ 0.51	OYSE

High negative correlations

RANG	- 0.58	QUMS
QUMS	- 0.53	CUBWW
RANG	- 0.43	OYSE
SIMA	- 0.36	CUBWW
RANG	- 0.3	KFIIR
CUBWW	- 0.27	OYSE

Risk-Adjusted Indicators

There is a big difference between Launch Stock performing well and Launch One 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 Launch One's 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
QETA	0.43	0.04	(0.04)	(0.07)	0.70	(1.07)	1.70	(0.97)	7.10
KFIIR	5.60	0.18	0.01	0.28	6.97	(9.98)	12.50	(15.00)	46.05
OYSE	0.11	0.00	(0.21)	0.08	0.07	(0.27)	0.40	(0.39)	1.09
CUBWW	9.73	0.81	0.06	0.30	10.75	(16.71)	33.33	(23.08)	73.46
OBA	0.09	0.01	(0.33)	(0.74)	0.00	(0.21)	0.30	(0.20)	1.00
QUMS	0.04	0.00	0.00	0.22	0.00	0.00	0.10	(0.10)	0.40
PACH	0.11	0.00	(0.41)	0.16	0.03	(0.19)	0.30	(0.20)	0.89
SIMA	0.14	0.00	(0.25)	0.26	0.17	(0.26)	0.47	(0.38)	1.42
SVCCW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RANG	0.19	0.00	(0.14)	0.01	0.27	(0.41)	0.38	(0.57)	3.80

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