Launch Two Correlations

LPBB Stock

10.48 0.01 0.1%

The current 90-days correlation between Launch Two Acquisition and SIM Acquisition Corp is -0.01 (i.e., Good diversification). The correlation of Launch Two 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.

Launch Two Correlation With Market

Good diversification

The correlation between Launch Two Acquisition and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Launch Two 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 Two 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 bureau of labor statistics.

Moving together with Launch Stock

0.65	DRDB	Roman DBDR Acquisition	Pair Corr
0.64	EGHA	EGH Acquisition Corp	Pair Corr
0.61	EVAC	EQV Ventures Acquisition	Pair Corr
0.61	FIGX	FIGX Capital Acquisition	Pair Corr
0.62	RAC	Rithm Acquisition Corp	Pair Corr
0.63	GSHR	Gesher Acquisition Corp	Pair Corr
0.68	NHIC	NewHold Investment Corp	Pair Corr

Moving against Launch Stock

0.46	ETHM	Dynamix Symbol Change	Pair Corr
0.58	XRPN	Armada Acquisition Corp Symbol Change	Pair Corr
0.53	MCGA	MCGA Symbol Change	Pair Corr
0.45	MQG	Macquarie Group	Pair Corr
0.33	UBS	UBS Group AG Normal Trading	Pair Corr
0.33	LPRO	Open Lending Corp	Pair Corr

Related Correlations Analysis

	SIMA	MLAC	ALF	LOKV	OYSE
SIMA		-0.13	0.48	0.44	0.36	SIMA
MLAC	-0.13		0.05	0.17	-0.2	MLAC
ALF	0.48	0.05		0.53	0.53	ALF
LOKV	0.44	0.17	0.53		0.27	LOKV
OYSE	0.36	-0.2	0.53	0.27		OYSE
	SIMA	MLAC	ALF	LOKV	OYSE

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

LOKV	+ 0.53	ALF
OYSE	+ 0.53	ALF
ALF	+ 0.48	SIMA
LOKV	+ 0.44	SIMA
OYSE	+ 0.36	SIMA
OYSE	+ 0.27	LOKV

High negative correlations

OYSE	- 0.2	MLAC
MLAC	- 0.13	SIMA

Risk-Adjusted Indicators

There is a big difference between Launch Stock performing well and Launch Two 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 Two'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
SIMA	0.14	(0.01)	(0.21)	(0.05)	0.16	(0.27)	0.47	(0.38)	1.42
MLAC	0.17	0.00	(0.20)	0.27	0.17	(0.32)	0.38	(0.48)	2.70
ALF	0.12	0.00	(0.33)	0.00	0.08	(0.21)	0.28	(0.28)	0.85
LOKV	0.17	0.00	(0.23)	0.31	0.16	(0.25)	0.49	(0.39)	1.26
OYSE	0.11	0.00	(0.24)	(0.06)	0.11	(0.26)	0.40	(0.39)	1.09

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