Launch One Correlations
| LPAA Stock | 10.17 0.04 0.39% |
The current 90-days correlation between Launch One Acquisition and Bassett Furniture Industries is -0.1 (i.e., Good diversification). The correlation of Launch One 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 One Correlation With Market
Average diversification
The correlation between Launch One Acquisition and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Launch One Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Launch |
Moving together with Launch Stock
| 0.91 | V | Visa Class A | PairCorr |
| 0.93 | DB | Deutsche Bank AG Normal Trading | PairCorr |
| 0.93 | DX | Dynex Capital | PairCorr |
| 0.7 | GS | Goldman Sachs Group | PairCorr |
| 0.91 | LX | Lexinfintech Holdings | PairCorr |
| 0.81 | MA | Mastercard | PairCorr |
| 0.61 | RM | Regional Management Corp | PairCorr |
| 0.64 | DMYY | dMY Squared Technology | PairCorr |
| 0.81 | DOMH | Dominari Holdings | PairCorr |
| 0.94 | GCMGW | GCM Grosvenor | PairCorr |
| 0.94 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.91 | VMCA | Valuence Merger Corp | PairCorr |
| 0.91 | EMCGU | Embrace Change Acqui | PairCorr |
Moving against Launch Stock
| 0.78 | LC | LendingClub Corp | PairCorr |
| 0.77 | DHIL | Diamond Hill Investment | PairCorr |
| 0.71 | BX | Blackstone Group | PairCorr |
| 0.31 | PX | P10 Inc | PairCorr |
| 0.92 | VRTS | Virtus Investment | PairCorr |
| 0.83 | WD | Walker Dunlop Normal Trading | PairCorr |
| 0.82 | WT | WisdomTree | PairCorr |
| 0.59 | RC | Ready Capital Corp | PairCorr |
| 0.51 | TW | Tradeweb Markets | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Launch Stock performing well and Launch One 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 One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLYA | 1.46 | 0.58 | 0.40 | 0.52 | 0.80 | 2.72 | 31.78 | |||
| SHOM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMCKO | 1.63 | 0.25 | 0.11 | 1.97 | 1.72 | 4.15 | 17.48 | |||
| LPL | 1.54 | (0.08) | 0.00 | (0.17) | 0.00 | 2.75 | 10.87 | |||
| MAHN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IMTE | 3.18 | 0.14 | 0.03 | 0.06 | 3.39 | 8.33 | 26.90 | |||
| BSET | 1.43 | 0.18 | 0.09 | 0.28 | 1.76 | 3.70 | 9.87 | |||
| PSTL | 1.05 | 0.06 | 0.05 | 0.11 | 1.46 | 1.34 | 8.36 |