Launch Two Correlations

LPBBU Stock

10.68 0.00 0.00%

The current 90-days correlation between Launch Two Acquisition and Genfit SA is -0.03 (i.e., Good diversification). The correlation of Launch Two 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 Two Correlation With Market

Good diversification

The correlation between Launch Two Acquisition and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Launch Two Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Launch Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Launch Two 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 bureau of labor statistics.

Moving together with Launch Stock

0.9	DMAA	Drugs Made In	Pair Corr
0.9	VACH	Voyager Acquisition Corp	Pair Corr
0.87	YHNAU	YHN Acquisition I	Pair Corr
0.73	NOEMU	CO2 Energy Transition	Pair Corr
0.87	VCIC	Vine Hill Capital	Pair Corr
0.75	DRDB	Roman DBDR Acquisition	Pair Corr
0.8	DYNX	Dynamix Class	Pair Corr
0.79	BACQR	Bleichroeder Acquisition	Pair Corr
0.85	BACQU	Bleichroeder Acquisition	Pair Corr
0.68	EURK	Eureka Acquisition Corp	Pair Corr
0.61	DISTR	Distoken Acquisition	Pair Corr
0.87	WLAC	Willow Lane Acquisition	Pair Corr
0.89	FGMC	FG Merger II	Pair Corr
0.77	BAYAR	Bayview Acquisition Corp	Pair Corr
0.78	BAYAU	Bayview Acquisition Corp	Pair Corr
0.87	AAM	AA Mission Acquisition	Pair Corr
0.81	FACTW	FACT II Acquisition	Pair Corr
0.75	ALF	Centurion Acquisition	Pair Corr
0.75	FORL	Four Leaf Acquisition	Pair Corr
0.71	CUB	Lionheart Holdings	Pair Corr
0.75	EQV	EQV Ventures Acquisition	Pair Corr
0.87	FVN	Future Vision II	Pair Corr
0.88	GIG	GigCapital7 Corp Class	Pair Corr

Moving against Launch Stock

0.43	GDSTU	Goldenstone Acquisition	Pair Corr
0.38	FACT	FACT II Acquisition	Pair Corr
0.31	FSHPR	Flag Ship Acquisition	Pair Corr

Related Correlations Analysis

	XWEL	SSY	GHC	LEAI	ATGE	GNFT	KDCE	ABOS
XWEL		0.33	0.21	0.0	0.6	0.14	0.0	0.65	XWEL
SSY	0.33		-0.4	0.0	-0.3	-0.29	0.0	0.69	SSY
GHC	0.21	-0.4		0.0	0.66	0.56	0.0	-0.26	GHC
LEAI	0.0	0.0	0.0		0.0	0.0	1.0	0.0	LEAI
ATGE	0.6	-0.3	0.66	0.0		0.55	0.0	-0.01	ATGE
GNFT	0.14	-0.29	0.56	0.0	0.55		0.0	-0.31	GNFT
KDCE	0.0	0.0	0.0	1.0	0.0	0.0		0.0	KDCE
ABOS	0.65	0.69	-0.26	0.0	-0.01	-0.31	0.0		ABOS
	XWEL	SSY	GHC	LEAI	ATGE	GNFT	KDCE	ABOS

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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

KDCE	+ 1.0	LEAI
ABOS	+ 0.69	SSY
ATGE	+ 0.66	GHC
ABOS	+ 0.65	XWEL
ATGE	+ 0.6	XWEL
GNFT	+ 0.56	GHC

High negative correlations

GHC	- 0.4	SSY
ABOS	- 0.31	GNFT
ATGE	- 0.3	SSY
GNFT	- 0.29	SSY
ABOS	- 0.26	GHC
ABOS	- 0.01	ATGE

Risk-Adjusted Indicators

There is a big difference between Launch Stock performing well and Launch Two 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 Two'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
XWEL	2.95	0.55	0.13	4.39	2.86	(3.72)	6.38	(5.26)	12.98
SSY	3.19	0.69	0.12	(0.55)	2.73	(4.78)	10.59	(5.15)	19.26
GHC	1.05	(0.15)	0.00	(0.03)	0.00	0.00	2.12	(2.33)	7.69
LEAI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATGE	1.82	0.10	0.03	0.26	2.22	(1.92)	3.33	(3.20)	22.91
GNFT	2.86	0.17	0.02	0.90	3.79	(3.07)	6.37	(6.23)	20.82
KDCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABOS	4.03	0.49	0.09	0.73	4.23	(5.18)	7.69	(7.44)	29.86

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