LMF Acquisition Correlations

The current 90-days correlation between LMF Acquisition Oppo and Virax Biolabs Group is 0.07 (i.e., Significant diversification). The correlation of LMF Acquisition 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.

LMF Acquisition Correlation With Market

Very good diversification

The correlation between LMF Acquisition Opportunities and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LMF Acquisition Opportunities and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return 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 LMF Stock

0.63	INZY	Inozyme Pharma	Pair Corr
0.76	KURA	Kura Oncology	Pair Corr
0.72	ABOS	Acumen Pharmaceuticals	Pair Corr
0.74	ADTX	Aditxt Inc	Pair Corr
0.73	STRO	Sutro Biopharma	Pair Corr
0.82	TCRX	Tscan Therapeutics	Pair Corr
0.7	TERN	Terns Pharmaceuticals	Pair Corr
0.73	CRNX	Crinetics Pharmaceuticals Earnings Call Tomorrow	Pair Corr
0.69	CTMX	CytomX Therapeutics	Pair Corr
0.62	DAWN	Day One Biopharmaceu	Pair Corr

Moving against LMF Stock

0.57	PHGE	Biomx Inc	Pair Corr
0.45	OPT	Opthea Earnings Call Tomorrow	Pair Corr
0.44	GANX	Gain Therapeutics	Pair Corr
0.44	LTRN	Lantern Pharma	Pair Corr
0.31	CUE	Cue Biopharma	Pair Corr
0.51	CGTX	Cognition Therapeutics	Pair Corr
0.43	DBVT	DBV Technologies Earnings Call Next Week	Pair Corr
0.55	OBI	Ondine Biomedical	Pair Corr
0.48	GPI	Group 1 Automotive	Pair Corr
0.45	SSNLF	Samsung Electronics	Pair Corr
0.44	EC	Ecopetrol SA ADR Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	VIRI	ZVSA	SONN	REVB	QNRX	ALLR	KRBP	VRAX	BDRX	PALI
VIRI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VIRI
ZVSA	0.0		-0.36	-0.31	-0.48	0.33	0.0	0.3	-0.24	-0.34	ZVSA
SONN	0.0	-0.36		0.64	0.43	0.2	0.0	0.02	0.7	0.61	SONN
REVB	0.0	-0.31	0.64		0.66	-0.04	0.0	0.49	0.46	0.79	REVB
QNRX	0.0	-0.48	0.43	0.66		-0.07	0.0	0.25	0.35	0.76	QNRX
ALLR	0.0	0.33	0.2	-0.04	-0.07		0.0	0.12	0.19	0.18	ALLR
KRBP	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KRBP
VRAX	0.0	0.3	0.02	0.49	0.25	0.12	0.0		-0.05	0.36	VRAX
BDRX	0.0	-0.24	0.7	0.46	0.35	0.19	0.0	-0.05		0.45	BDRX
PALI	0.0	-0.34	0.61	0.79	0.76	0.18	0.0	0.36	0.45		PALI
	VIRI	ZVSA	SONN	REVB	QNRX	ALLR	KRBP	VRAX	BDRX	PALI

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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

PALI	+ 0.79	REVB
PALI	+ 0.76	QNRX
BDRX	+ 0.7	SONN
QNRX	+ 0.66	REVB
REVB	+ 0.64	SONN
PALI	+ 0.61	SONN

High negative correlations

QNRX	- 0.48	ZVSA
SONN	- 0.36	ZVSA
PALI	- 0.34	ZVSA
REVB	- 0.31	ZVSA
BDRX	- 0.24	ZVSA
ALLR	- 0.07	QNRX

Risk-Adjusted Indicators

There is a big difference between LMF Stock performing well and LMF Acquisition 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 LMF Acquisition'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
VIRI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZVSA	4.25	0.20	0.05	(3.78)	4.06	(5.91)	12.73	(8.06)	34.10
SONN	4.51	(0.71)	0.00	(6.33)	0.00	0.00	9.59	(14.50)	44.37
REVB	7.05	(1.23)	0.00	0.76	0.00	0.00	19.81	(15.73)	71.84
QNRX	6.06	(0.73)	0.00	1.42	0.00	0.00	16.07	(10.53)	58.63
ALLR	4.66	(0.54)	0.00	0.32	0.00	0.00	13.24	(13.68)	47.01
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRAX	6.39	0.08	0.01	(0.02)	6.86	(8.64)	21.39	(11.98)	59.67
BDRX	4.48	(0.38)	0.00	(0.61)	0.00	0.00	12.30	(11.63)	43.72
PALI	5.79	(1.17)	0.00	2.64	0.00	0.00	12.73	(15.05)	93.57

LMF Acquisition Corporate Management

Sai Iyer	Senior Research	Profile
M FACP	Chief Officer	Profile
Tim Varacek	Senior Operations	Profile
Tom Mullen	Vice Development	Profile
Caryl Baron	Interim Officer	Profile
David MD	CoFounder Director	Profile

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