Launch One Correlations

LPAA Stock

10.21 0.01 0.1%

The current 90-days correlation between Launch One Acquisition and Inhibrx is 0.02 (i.e., Significant 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

Modest diversification

The correlation between Launch One Acquisition and DJI is 0.2 (i.e., Modest 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.

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

Moving together with Launch Stock

0.71	V	Visa Class A	Pair Corr
0.94	DB	Deutsche Bank AG	Pair Corr
0.95	DX	Dynex Capital	Pair Corr
0.82	LU	Lufax Holding	Pair Corr
0.94	LX	Lexinfintech Holdings	Pair Corr
0.86	XP	Xp Inc	Pair Corr
0.79	DMYY	dMY Squared Technology	Pair Corr
0.7	DOMH	Dominari Holdings Earnings Call This Week	Pair Corr
0.92	DYCQ	DT Cloud Acquisition	Pair Corr
0.84	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Launch Stock

0.91	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.67	MC	Moelis	Pair Corr
0.66	DHIL	Diamond Hill Investment	Pair Corr
0.63	CG	Carlyle Group Normal Trading	Pair Corr
0.6	PX	P10 Inc	Pair Corr
0.45	BN	Brookfield Corp	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr
0.86	WT	WisdomTree	Pair Corr
0.77	RC	Ready Capital Corp	Pair Corr
0.77	WD	Walker Dunlop	Pair Corr
0.53	SF	Stifel Financial	Pair Corr
0.52	EARN	Ellington Residential Potential Growth	Pair Corr
0.46	VCTR	Victory Capital Holdings	Pair Corr
0.41	RM	Regional Management Corp Normal Trading	Pair Corr

Related Correlations Analysis

	APGE	MDXHF	AEP	ATO	NRUC	INBX	CMS-PB	ENIC
APGE		0.0	-0.83	-0.78	-0.58	0.71	-0.47	-0.75	APGE
MDXHF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MDXHF
AEP	-0.83	0.0		0.94	0.73	-0.59	0.61	0.93	AEP
ATO	-0.78	0.0	0.94		0.66	-0.43	0.69	0.9	ATO
NRUC	-0.58	0.0	0.73	0.66		-0.51	0.57	0.66	NRUC
INBX	0.71	0.0	-0.59	-0.43	-0.51		-0.12	-0.48	INBX
CMS-PB	-0.47	0.0	0.61	0.69	0.57	-0.12		0.54	CMS-PB
ENIC	-0.75	0.0	0.93	0.9	0.66	-0.48	0.54		ENIC
	APGE	MDXHF	AEP	ATO	NRUC	INBX	CMS-PB	ENIC

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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

ATO	+ 0.94	AEP
ENIC	+ 0.93	AEP
ENIC	+ 0.9	ATO
NRUC	+ 0.73	AEP
INBX	+ 0.71	APGE
CMS-PB	+ 0.69	ATO

High negative correlations

AEP	- 0.83	APGE
ATO	- 0.78	APGE
ENIC	- 0.75	APGE
INBX	- 0.59	AEP
NRUC	- 0.58	APGE
INBX	- 0.51	NRUC

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
APGE	3.02	(0.02)	0.00	(0.08)	0.00	0.00	6.09	(7.07)	22.67
MDXHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEP	0.96	0.21	0.20	2.57	1.09	(0.97)	1.98	(1.95)	7.23
ATO	0.95	0.11	0.13	0.27	1.12	(1.02)	1.96	(1.77)	5.33
NRUC	0.50	0.03	0.15	0.05	0.50	(0.61)	0.81	(0.81)	4.08
INBX	2.48	0.07	0.03	0.02	3.11	(2.67)	5.73	(5.63)	16.41
CMS-PB	0.94	(0.01)	0.05	(0.02)	1.27	(1.05)	2.04	(2.78)	8.23
ENIC	1.30	0.25	0.14	0.50	1.74	(1.42)	2.91	(3.06)	8.25

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