Latch Correlations

Summary

LTCHDelisted Stock

USD 1.72 0.13 7.03%

The current 90-days correlation between Latch Inc and HeartCore Enterprises is 0.1 (i.e., Average diversification). The correlation of Latch 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.

Latch Correlation With Market

Average diversification

The correlation between Latch Inc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Latch Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Latch Stock

0.61	WK	Workiva	Pair Corr
0.68	DOCU	DocuSign	Pair Corr
0.69	VERX	Vertex	Pair Corr
0.65	DUOT	Duos Technologies	Pair Corr
0.79	EGAN	eGain Earnings Call This Week	Pair Corr
0.83	ENFN	Enfusion	Pair Corr
0.67	WFCF	Where Food Comes	Pair Corr
0.63	EZFL	EzFill Holdings	Pair Corr

Moving against Latch Stock

0.71	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.52	ZI	ZoomInfo Technologies	Pair Corr
0.48	DOMO	Domo Inc Tech Boost	Pair Corr
0.38	DJCO	Daily Journal Corp	Pair Corr
0.74	EVOL	Evolving Systems	Pair Corr
0.69	ETWO	E2open Parent Holdings	Pair Corr
0.67	XELAP	Exela Technologies	Pair Corr
0.42	ILLRW	Triller Group Symbol Change	Pair Corr
0.41	VTEX	VTEX	Pair Corr
0.68	SBIGW	SpringBig Holdings	Pair Corr
0.68	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	HTCR	KBNT	IFBD	MVLA	WETG	MCLD	GETR	PBTS	WKME	SMWB
HTCR		-0.3	0.5	0.62	0.44	0.55	-0.55	-0.5	-0.12	0.6	HTCR
KBNT	-0.3		0.17	-0.21	0.06	0.13	0.35	0.11	0.0	-0.33	KBNT
IFBD	0.5	0.17		0.64	0.51	0.68	-0.18	-0.17	-0.05	0.25	IFBD
MVLA	0.62	-0.21	0.64		0.59	0.69	-0.56	-0.45	0.01	0.64	MVLA
WETG	0.44	0.06	0.51	0.59		0.73	-0.15	-0.09	0.01	0.31	WETG
MCLD	0.55	0.13	0.68	0.69	0.73		-0.15	-0.11	-0.16	0.32	MCLD
GETR	-0.55	0.35	-0.18	-0.56	-0.15	-0.15		0.86	-0.3	-0.92	GETR
PBTS	-0.5	0.11	-0.17	-0.45	-0.09	-0.11	0.86		-0.25	-0.83	PBTS
WKME	-0.12	0.0	-0.05	0.01	0.01	-0.16	-0.3	-0.25		0.28	WKME
SMWB	0.6	-0.33	0.25	0.64	0.31	0.32	-0.92	-0.83	0.28		SMWB
	HTCR	KBNT	IFBD	MVLA	WETG	MCLD	GETR	PBTS	WKME	SMWB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PBTS	+ 0.86	GETR
MCLD	+ 0.73	WETG
MCLD	+ 0.69	MVLA
MCLD	+ 0.68	IFBD
MVLA	+ 0.64	IFBD
SMWB	+ 0.64	MVLA

High negative correlations

SMWB	- 0.92	GETR
SMWB	- 0.83	PBTS
GETR	- 0.56	MVLA
GETR	- 0.55	HTCR
PBTS	- 0.5	HTCR
PBTS	- 0.45	MVLA

Risk-Adjusted Indicators

There is a big difference between Latch Stock performing well and Latch 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 Latch'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
HTCR	7.59	0.63	0.05	(1.65)	9.15	(8.20)	11.65	(15.12)	78.60
KBNT	4.26	(0.01)	(0.01)	(0.02)	5.26	(6.12)	7.94	(9.80)	59.23
IFBD	5.03	0.38	0.06	0.43	5.91	(5.50)	11.00	(7.76)	65.71
MVLA	3.96	0.55	0.12	2.12	3.50	(5.06)	8.82	(5.77)	44.13
WETG	6.03	0.48	0.06	(1.43)	6.25	(8.10)	18.35	(11.03)	50.12
MCLD	7.03	0.42	0.03	(0.46)	8.81	(9.30)	19.15	(13.79)	56.20
GETR	4.59	(1.03)	0.00	(1.30)	0.00	0.00	10.00	(10.00)	32.50
PBTS	71.04	33.52	1.68	(1.73)	15.82	(128.99)	25.00	(21.84)	2,409
WKME	0.19	0.01	(0.23)	(0.45)	0.17	(0.25)	0.51	(0.29)	2.17
SMWB	2.49	0.99	0.44	6.05	1.55	(3.27)	6.56	(2.96)	15.17

View Latch Related Equities

HeartCore Enterprises Kubient Infobird Co Movella Holdings WETG Old MCloud Technologies Corp Getaround PBTS Old Walkme SimilarWeb Semrush Holdings MondayCom Smartsheet Kingsoft Cloud Holdings Alteryx

Risk & Return

Correlation

Latch Corporate Management

Thomas Meyerhoffer	CoFounder Officer	Profile
Barry Schaeffer	Interim Treasurer	Profile
Junji Nakamura	Chief Officer	Profile
Michael Jones	CoFounder Officer	Profile
Luke Schoenfelder	CEO CoFounder	Profile

Still Interested in Latch Inc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC