Launch One Correlations

LPAAU Stock

10.09 0.00 0.00%

The current 90-days correlation between Launch One Acquisition and Distoken Acquisition is -0.19 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Launch One Correlation With Market

Significant diversification

The correlation between Launch One Acquisition and DJI is 0.06 (i.e., Significant 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

0.64	YHNAU	YHN Acquisition I	Pair Corr
0.62	DPCS	DP Cap Acquisition	Pair Corr
0.86	DSAQ	Direct Selling Acqui	Pair Corr
0.87	DTSQ	DT Cloud Star	Pair Corr
0.73	DUET	DUET Acquisition Corp	Pair Corr
0.62	EMCG	Embrace Change Acqui	Pair Corr
0.77	MLACU	MOUNTAIN LAKE ACQUISITION	Pair Corr
0.92	EURK	Eureka Acquisition Corp	Pair Corr
0.66	WINV	WinVest Acquisition Corp	Pair Corr
0.8	EVGR	Evergreen Corp	Pair Corr
0.81	OCAXW	OCA Acquisition Corp	Pair Corr

Moving against Launch Stock

0.51	EMCGU	Embrace Change Acqui	Pair Corr
0.41	HHGCU	HHG Capital Corp	Pair Corr
0.35	BRACU	Broad Capital Acquisition	Pair Corr
0.73	WAVSW	Western Acquisition	Pair Corr
0.71	IMAQR	International Media	Pair Corr
0.59	IMAQU	International Media	Pair Corr
0.52	IMAQW	International Media	Pair Corr
0.39	GDSTW	Goldenstone Acquisition	Pair Corr

Related Correlations Analysis

	DIST	VACH	DMYY	YHNAU	NOEMU	VCIC	PWUPU	AMODW	DTSQ	DYCQ
DIST		0.44	0.52	0.69	-0.54	-0.13	-0.5	-0.19	0.8	0.66	DIST
VACH	0.44		0.08	0.41	-0.17	-0.4	-0.58	-0.1	0.48	0.59	VACH
DMYY	0.52	0.08		0.49	-0.53	0.18	-0.16	-0.35	0.53	0.32	DMYY
YHNAU	0.69	0.41	0.49		-0.43	-0.11	-0.34	-0.29	0.58	0.55	YHNAU
NOEMU	-0.54	-0.17	-0.53	-0.43		-0.12	0.14	-0.01	-0.21	-0.24	NOEMU
VCIC	-0.13	-0.4	0.18	-0.11	-0.12		0.5	-0.12	0.06	0.06	VCIC
PWUPU	-0.5	-0.58	-0.16	-0.34	0.14	0.5		-0.01	-0.48	-0.49	PWUPU
AMODW	-0.19	-0.1	-0.35	-0.29	-0.01	-0.12	-0.01		-0.32	-0.22	AMODW
DTSQ	0.8	0.48	0.53	0.58	-0.21	0.06	-0.48	-0.32		0.75	DTSQ
DYCQ	0.66	0.59	0.32	0.55	-0.24	0.06	-0.49	-0.22	0.75		DYCQ
	DIST	VACH	DMYY	YHNAU	NOEMU	VCIC	PWUPU	AMODW	DTSQ	DYCQ

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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

DTSQ	+ 0.8	DIST
DYCQ	+ 0.75	DTSQ
YHNAU	+ 0.69	DIST
DYCQ	+ 0.66	DIST
DYCQ	+ 0.59	VACH
DTSQ	+ 0.58	YHNAU

High negative correlations

PWUPU	- 0.58	VACH
NOEMU	- 0.54	DIST
NOEMU	- 0.53	DMYY
PWUPU	- 0.5	DIST
DYCQ	- 0.49	PWUPU
DTSQ	- 0.48	PWUPU

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
DIST	0.19	0.04	0.03	0.98	0.26	(0.42)	0.45	(0.18)	3.45
VACH	0.09	0.00	(0.06)	0.11	0.00	(0.16)	0.20	(0.20)	1.09
DMYY	0.20	(0.01)	(0.03)	0.65	0.30	(0.56)	0.66	(0.56)	2.07
YHNAU	0.20	0.01	0.00	0.06	0.51	(0.41)	0.50	(0.30)	5.56
NOEMU	0.07	0.01	0.00	0.49	0.00	0.00	0.10	(0.10)	0.80
VCIC	0.06	0.00	(0.05)	0.61	0.00	(0.15)	0.20	(0.10)	0.50
PWUPU	1.53	(0.10)	0.00	0.21	0.00	0.00	6.06	(4.67)	28.56
AMODW	25.65	7.46	0.39	1.38	16.46	(49.21)	113.41	(28.39)	141.19
DTSQ	0.08	0.00	(0.04)	0.96	0.00	(0.18)	0.20	(0.20)	0.70
DYCQ	0.09	0.01	(0.01)	0.21	0.00	(0.20)	0.19	(0.10)	1.64

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