Launch One Correlations

LPAA Stock

10.03 0.01 0.1%

The current 90-days correlation between Launch One Acquisition and Diamond Hill Investment is 0.22 (i.e., Modest 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 0.11 (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.

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

0.83	V	Visa Class A	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.74	BN	Brookfield Corp	Pair Corr
0.7	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.73	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.79	LC	LendingClub Corp	Pair Corr
0.86	LX	Lexinfintech Holdings	Pair Corr
0.74	MA	Mastercard	Pair Corr
0.63	MC	Moelis	Pair Corr
0.62	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.86	PX	P10 Inc	Pair Corr
0.78	QD	Qudian Inc	Pair Corr
0.66	RM	Regional Management Corp	Pair Corr
0.67	WT	WisdomTree	Pair Corr
0.68	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.67	GCMGW	GCM Grosvenor	Pair Corr
0.82	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.65	DYCQ	DT Cloud Acquisition	Pair Corr
0.66	VRTS	Virtus Investment	Pair Corr

Moving against Launch Stock

0.48	LU	Lufax Holding	Pair Corr
0.41	PT	Pintec Technology	Pair Corr
0.93	XP	Xp Inc Sell-off Trend	Pair Corr
0.81	EMCGU	Embrace Change Acqui	Pair Corr
0.66	WD	Walker Dunlop	Pair Corr
0.55	WU	Western Union	Pair Corr
0.48	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.43	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.53	0.93	0.45	0.49	0.88	0.89	0.8	-0.1	0.71	V
DHIL	0.53		0.51	0.21	0.29	0.67	0.67	0.49	-0.28	0.36	DHIL
DIST	0.93	0.51		0.3	0.39	0.88	0.85	0.73	-0.1	0.69	DIST
AB	0.45	0.21	0.3		0.75	0.38	0.53	0.7	-0.08	0.32	AB
AC	0.49	0.29	0.39	0.75		0.5	0.59	0.76	0.09	0.36	AC
BN	0.88	0.67	0.88	0.38	0.5		0.9	0.82	0.02	0.76	BN
BX	0.89	0.67	0.85	0.53	0.59	0.9		0.89	-0.14	0.72	BX
CG	0.8	0.49	0.73	0.7	0.76	0.82	0.89		0.01	0.56	CG
DB	-0.1	-0.28	-0.1	-0.08	0.09	0.02	-0.14	0.01		0.19	DB
DX	0.71	0.36	0.69	0.32	0.36	0.76	0.72	0.56	0.19		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

DIST	+ 0.93	V
BX	+ 0.9	BN
BX	+ 0.89	V
CG	+ 0.89	BX
BN	+ 0.88	V
BN	+ 0.88	DIST

High negative correlations

DB	- 0.28	DHIL
DB	- 0.14	BX
DB	- 0.1	DIST
DB	- 0.1	V
DB	- 0.08	AB

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
V	0.83	0.13	0.09	0.19	1.16	(0.88)	1.65	(1.43)	7.49
DHIL	1.21	(0.11)	0.00	(0.04)	0.00	0.00	2.20	(2.64)	10.43
DIST	0.19	0.04	0.00	(2.52)	0.26	(0.40)	0.45	(0.18)	3.45
AB	1.20	0.09	0.07	0.16	1.14	(1.45)	2.84	(2.14)	7.82
AC	1.29	0.10	0.04	0.18	1.85	(1.31)	3.00	(2.64)	12.09
BN	1.15	0.09	0.07	0.11	1.41	(1.26)	2.30	(1.89)	9.51
BX	1.37	0.13	0.08	0.12	1.68	(1.44)	3.21	(2.84)	12.51
CG	1.50	0.22	0.14	0.14	1.53	(1.69)	4.10	(3.08)	15.08
DB	1.23	0.01	0.00	0.06	1.48	(1.30)	2.99	(2.44)	6.86
DX	0.71	0.04	0.02	0.13	0.93	(0.70)	1.13	(1.47)	3.83

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