LMF Acquisition Correlations

ICUCW Stock  USD 0.04  0.01  11.39%   
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

Good diversification

The correlation between LMF Acquisition Opportunities and DJI is -0.02 (i.e., 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, which includes a position in LMF Acquisition Opportunities. 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

  0.64PLX Protalix BiotherapeuticsPairCorr
  0.64WM Waste ManagementPairCorr
  0.7GE GE AerospacePairCorr
  0.71MMM 3M CompanyPairCorr
  0.67XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.65CVX Chevron CorpPairCorr

Moving against LMF Stock

  0.69CDIOW Cardio DiagnosticsPairCorr
  0.64ASMB Assembly BiosciencesPairCorr
  0.64CDIO Cardio DiagnosticsPairCorr
  0.57SCLX Scilex HoldingPairCorr
  0.57CRNX Crinetics PharmaceuticalsPairCorr
  0.44CMND Clearmind Medicine CommonPairCorr
  0.43OCEAW Ocean BiomedicalPairCorr
  0.38ELVN Enliven TherapeuticsPairCorr
  0.55MSFT MicrosoftPairCorr
  0.49DIS Walt DisneyPairCorr
  0.35CAT CaterpillarPairCorr
  0.34MRK Merck CompanyPairCorr
  0.31HD Home DepotPairCorr

Related Correlations Analysis

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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   
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EFTRWICU
EFTRWCDIOW
EFTRWREVBW
EFTRWOABIW
  
High negative correlations   
OABIWCDIOW
REVBWCDIOW
REVBWICU
OABIWICU
CDIOWICU
EFTRWOABIW

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.

LMF Acquisition Corporate Management

Sai IyerSenior ResearchProfile
M FACPChief OfficerProfile
Tim VaracekSenior OperationsProfile
Tom MullenVice DevelopmentProfile
Caryl BaronInterim OfficerProfile
David MDCoFounder DirectorProfile