Latch Correlations

LTCH Stock

USD 0.17 0.05 22.73%

The current 90-days correlation between Latch Inc and archTIS Limited is -0.19 (i.e., Good 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

Poor diversification

The correlation between Latch Inc and DJI is 0.71 (i.e., Poor 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.

Build AI portfolio with Latch Stock

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

Moving together with Latch Stock

0.67	JG	Aurora Mobile	Pair Corr
0.86	RNI	OXFORD METRICS LS	Pair Corr
0.74	TRB	Tribal Group plc	Pair Corr

Moving against Latch Stock

0.85	1Q5	Dropbox Earnings Call Tomorrow	Pair Corr
0.83	DOMO	Domo Inc	Pair Corr
0.78	DT	Dynatrace Holdings LLC	Pair Corr
0.77	2TY	PagerDuty	Pair Corr
0.75	VS	Versus Systems	Pair Corr
0.75	WK	Workiva	Pair Corr
0.74	DMRC	Digimarc	Pair Corr
0.74	DOCU	DocuSign	Pair Corr
0.72	MQ	Marqeta	Pair Corr
0.71	PD	Pagerduty	Pair Corr
0.69	BL	Blackline	Pair Corr
0.66	35U	PAR TECHNOLOGY DL	Pair Corr
0.59	VERI	Veritone Downward Rally	Pair Corr
0.53	U	Unity Software	Pair Corr
0.49	RM	RM Plc	Pair Corr
0.44	QH	Quhuo	Pair Corr
0.4	MTLO	Martello Technologies	Pair Corr
0.35	9NY	BYTES TECHGRP LS	Pair Corr
0.32	DV	DoubleVerify Holdings	Pair Corr
0.84	VTEX	VTEX	Pair Corr
0.8	LY0	Lyft Inc	Pair Corr
0.79	3L7A	Qualys Inc	Pair Corr
0.77	5PT	PROCORE TECHINCDL 0001	Pair Corr
0.76	AN5	Alpha Systems	Pair Corr
0.76	OBL	OBIC CoLtd	Pair Corr
0.74	SAP	SAP SE	Pair Corr
0.73	MSFT	Microsoft Corp CDR	Pair Corr

Related Correlations Analysis

	CCTC	MFON	XNDA	LGLOF	BBRDF	ARHLF	TEKCF	KNEOF	RSASF	AITX
CCTC		-0.34	0.28	0.0	0.0	-0.35	0.0	0.0	0.36	-0.55	CCTC
MFON	-0.34		-0.49	0.0	-0.32	0.56	0.0	0.0	-0.86	0.84	MFON
XNDA	0.28	-0.49		0.0	0.27	-0.47	0.0	0.0	0.58	-0.57	XNDA
LGLOF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LGLOF
BBRDF	0.0	-0.32	0.27	0.0		-0.33	0.0	0.0	0.3	-0.42	BBRDF
ARHLF	-0.35	0.56	-0.47	0.0	-0.33		0.0	0.0	-0.69	0.7	ARHLF
TEKCF	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	0.0	0.0	TEKCF
KNEOF	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		0.0	0.0	KNEOF
RSASF	0.36	-0.86	0.58	0.0	0.3	-0.69	0.0	0.0		-0.81	RSASF
AITX	-0.55	0.84	-0.57	0.0	-0.42	0.7	0.0	0.0	-0.81		AITX
	CCTC	MFON	XNDA	LGLOF	BBRDF	ARHLF	TEKCF	KNEOF	RSASF	AITX

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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

AITX	+ 0.84	MFON
AITX	+ 0.7	ARHLF
RSASF	+ 0.58	XNDA
ARHLF	+ 0.56	MFON
RSASF	+ 0.36	CCTC
RSASF	+ 0.3	BBRDF

High negative correlations

KNEOF	- 1.0	TEKCF
RSASF	- 0.86	MFON
AITX	- 0.81	RSASF
RSASF	- 0.69	ARHLF
AITX	- 0.57	XNDA
AITX	- 0.55	CCTC

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
CCTC	1.61	0.17	0.00	0.35	0.00	0.00	0.00	0.00	65.64
MFON	5.50	(1.11)	0.00	(1.06)	0.00	0.00	14.29	(21.05)	48.48
XNDA	20.26	3.69	0.16	0.36	18.51	(36.04)	63.64	(38.89)	173.34
LGLOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBRDF	1.07	0.26	0.00	(0.23)	0.00	0.00	0.00	0.00	24.25
ARHLF	1.33	(0.50)	0.00	(0.51)	0.00	0.00	0.00	0.00	37.53
TEKCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNEOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSASF	3.34	0.65	0.11	0.94	3.20	(5.69)	8.00	(7.14)	20.79
AITX	6.49	(1.24)	0.00	0.74	0.00	0.00	14.29	(16.67)	58.33

Latch Corporate Management

Ryan Salmons	VP Engineering	Profile
Priyen Patel	Chief Officer	Profile
Thomas Meyerhoffer	CoFounder Officer	Profile
Barry Schaeffer	Interim Treasurer	Profile
James Malone	Head Revenue	Profile
Michael Jones	CoFounder Officer	Profile
Luke Schoenfelder	CEO CoFounder	Profile

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