Launch One Correlations

LPAAW Stock

0.09 0.00 0.00%

The current 90-days correlation between Launch One Acquisition and Voyager Acquisition Corp is -0.02 (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 0.05 (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

0.68	DPCS	DP Cap Acquisition	Pair Corr
0.61	CEP	Cantor Equity Partners,	Pair Corr
0.73	GAQ	Generation Asia I	Pair Corr

Moving against Launch Stock

0.71	ROCLU	Roth CH Acquisition	Pair Corr
0.81	GHIX	Gores Holdings IX	Pair Corr
0.8	GHIXU	Gores Holdings IX	Pair Corr
0.63	HHGC	HHG Capital Corp	Pair Corr
0.44	GGAAF	Genesis Growth Tech	Pair Corr
0.33	IMAQ	International Media	Pair Corr
0.31	BUJAR	Bukit Jalil Global	Pair Corr
0.31	GHIXW	Gores Holdings IX	Pair Corr

Related Correlations Analysis

	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	BRACR
VACH		-0.04	0.4	-0.2	-0.52	0.43	-0.37	VACH
YHNAR	-0.04		-0.09	-0.06	-0.09	-0.14	0.04	YHNAR
YHNAU	0.4	-0.09		-0.54	-0.2	0.7	-0.31	YHNAU
NOEMU	-0.2	-0.06	-0.54		-0.22	-0.37	0.19	NOEMU
VCIC	-0.52	-0.09	-0.2	-0.22		-0.26	0.64	VCIC
DTSQ	0.43	-0.14	0.7	-0.37	-0.26		-0.3	DTSQ
BRACR	-0.37	0.04	-0.31	0.19	0.64	-0.3		BRACR
	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	BRACR

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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	+ 0.7	YHNAU
BRACR	+ 0.64	VCIC
DTSQ	+ 0.43	VACH
YHNAU	+ 0.4	VACH
BRACR	+ 0.19	NOEMU
BRACR	+ 0.04	YHNAR

High negative correlations

NOEMU	- 0.54	YHNAU
VCIC	- 0.52	VACH
DTSQ	- 0.37	NOEMU
BRACR	- 0.37	VACH
BRACR	- 0.31	YHNAU
BRACR	- 0.3	DTSQ

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
VACH	0.09	0.00	(0.25)	(1.70)	0.05	(0.16)	0.20	(0.20)	1.09
YHNAR	4.75	0.17	0.00	0.16	0.00	0.00	18.18	(8.33)	26.52
YHNAU	0.19	0.00	(0.03)	0.14	0.52	(0.37)	0.49	(0.30)	5.56
NOEMU	0.08	0.01	0.00	(1.10)	0.00	0.00	0.10	(0.10)	0.50
VCIC	0.06	0.01	(0.27)	0.27	0.00	(0.14)	0.20	(0.10)	0.50
DTSQ	0.07	0.01	(0.17)	0.49	0.00	(0.17)	0.20	(0.10)	0.69
BRACR	5.61	0.05	0.00	0.08	8.08	(14.35)	15.38	(15.38)	54.51

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