Legato Merger Correlations

LEGT Stock

10.72 0.01 0.09%

The current 90-days correlation between Legato Merger Corp and Aldel Financial II is -0.02 (i.e., Good diversification). The correlation of Legato Merger 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.

Legato Merger Correlation With Market

Average diversification

The correlation between Legato Merger Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legato Merger Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Legato Stock

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

Moving together with Legato Stock

0.85	DHIL	Diamond Hill Investment	Pair Corr
0.7	DIST	Distoken Acquisition	Pair Corr
0.84	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.73	AC	Associated Capital	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.81	BX	Blackstone Group	Pair Corr
0.87	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.88	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.74	DX	Dynex Capital	Pair Corr
0.87	GS	Goldman Sachs Group	Pair Corr
0.73	LC	LendingClub Corp Earnings Call This Week	Pair Corr
0.84	MC	Moelis Earnings Call Today	Pair Corr
0.88	MS	Morgan Stanley	Pair Corr
0.83	QD	Qudian Inc	Pair Corr
0.86	SF	Stifel Financial Earnings Call Today	Pair Corr
0.83	WT	WisdomTree Sell-off Trend	Pair Corr
0.62	XP	Xp Inc	Pair Corr
0.82	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.86	VIRT	Virtu Financial,	Pair Corr
0.86	VRTS	Virtus Investment Earnings Call This Week	Pair Corr
0.78	EARN	Ellington Residential	Pair Corr

Moving against Legato Stock

0.73	WU	Western Union Earnings Call This Week	Pair Corr
0.72	ANSCW	Agriculture Natural	Pair Corr
0.65	EZPW	EZCORP Inc	Pair Corr
0.57	GCMGW	GCM Grosvenor	Pair Corr
0.33	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	AUST	IREN	ALDF	CHBAY	CMWAY	CHMN	NDAQ	CAPNU
AUST		0.21	0.51	0.37	0.49	0.0	0.42	-0.34	AUST
IREN	0.21		0.65	0.89	0.73	0.0	0.88	-0.37	IREN
ALDF	0.51	0.65		0.69	0.86	0.0	0.9	0.02	ALDF
CHBAY	0.37	0.89	0.69		0.77	0.0	0.88	-0.41	CHBAY
CMWAY	0.49	0.73	0.86	0.77		0.0	0.91	-0.34	CMWAY
CHMN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CHMN
NDAQ	0.42	0.88	0.9	0.88	0.91	0.0		-0.26	NDAQ
CAPNU	-0.34	-0.37	0.02	-0.41	-0.34	0.0	-0.26		CAPNU
	AUST	IREN	ALDF	CHBAY	CMWAY	CHMN	NDAQ	CAPNU

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NDAQ	+ 0.91	CMWAY
NDAQ	+ 0.9	ALDF
CHBAY	+ 0.89	IREN
NDAQ	+ 0.88	IREN
NDAQ	+ 0.88	CHBAY
CMWAY	+ 0.86	ALDF

High negative correlations

CAPNU	- 0.41	CHBAY
CAPNU	- 0.37	IREN
CAPNU	- 0.34	CMWAY
CAPNU	- 0.34	AUST
CAPNU	- 0.26	NDAQ
CAPNU	- 0.0	CHMN

Risk-Adjusted Indicators

There is a big difference between Legato Stock performing well and Legato Merger 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 Legato Merger'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
AUST	3.71	0.09	(0.01)	2.03	3.70	(4.82)	9.73	(7.14)	25.73
IREN	3.27	1.65	0.55	1.00	2.08	(4.03)	8.52	(4.70)	16.04
ALDF	0.19	0.04	(0.39)	2.59	0.00	(0.28)	0.48	(0.38)	1.54
CHBAY	1.12	0.30	0.05	16.97	1.08	(3.66)	6.04	(2.09)	13.40
CMWAY	1.22	0.15	0.06	0.40	1.34	(1.26)	1.95	(2.11)	10.53
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDAQ	0.75	0.19	0.15	0.36	0.68	(0.82)	1.91	(1.46)	5.03
CAPNU	0.26	(0.02)	0.00	(0.07)	0.00	0.00	0.00	0.00	16.03

Legato Merger Corporate Executives

Elected by the shareholders, the Legato Merger's board of directors comprises two types of representatives: Legato Merger inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Legato. The board's role is to monitor Legato Merger's management team and ensure that shareholders' interests are well served. Legato Merger's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Legato Merger's outside directors are responsible for providing unbiased perspectives on the board's policies.

Adam Jaffe

Secretary CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC