Lakeshore Acquisition Correlations
| LCCC Stock | 10.17 0.01 0.1% |
The current 90-days correlation between Lakeshore Acquisition III and Horizon Space Acquisition is 0.31 (i.e., Weak diversification). The correlation of Lakeshore Acquisition 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.
Lakeshore Acquisition Correlation With Market
Significant diversification
The correlation between Lakeshore Acquisition III and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lakeshore Acquisition III and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Lakeshore Stock
| 0.64 | PKX | POSCO Holdings | PairCorr |
| 0.63 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.65 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.75 | HYMTF | Hyundai Motor | PairCorr |
| 0.93 | CHDRF | Christian Dior SE | PairCorr |
| 0.72 | NSRGF | Nestle SA | PairCorr |
| 0.75 | OACC | Oaktree Acquisition Corp | PairCorr |
| 0.65 | FULC | Fulcrum Therapeutics Trending | PairCorr |
| 0.88 | AGX | Argan Inc | PairCorr |
| 0.77 | GEGYY | Genel Energy PLC | PairCorr |
| 0.84 | NILIF | Surge Battery Metals | PairCorr |
| 0.63 | NGKIF | NGK Insulators | PairCorr |
| 0.72 | SVNLY | Svenska Handelsbanken | PairCorr |
| 0.9 | HQL | Tekla Life Sciences | PairCorr |
| 0.73 | STX | Seagate Technology PLC | PairCorr |
| 0.75 | RL | Ralph Lauren Corp | PairCorr |
| 0.66 | TCRT | Alaunos Therapeutics | PairCorr |
| 0.75 | IAS | Integral Ad Science | PairCorr |
| 0.82 | NOEM | CO2 Energy Transition | PairCorr |
Moving against Lakeshore Stock
| 0.91 | MNTN | MNTN, Inc | PairCorr |
| 0.63 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.44 | MOB | Mobilicom Limited Upward Rally | PairCorr |
| 0.42 | RAIL | Freightcar America | PairCorr |
| 0.36 | BETSF | Bit Brother Limited | PairCorr |
| 0.49 | IONQ | IONQ Inc Aggressive Push | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lakeshore Stock performing well and Lakeshore Acquisition 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 Lakeshore Acquisition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSPT | 0.10 | 0.02 | (0.11) | 3.64 | 0.00 | 0.38 | 1.24 | |||
| ASPC | 0.63 | 0.04 | (0.01) | (0.12) | 1.12 | 2.59 | 10.84 | |||
| HSPO | 1.56 | 0.65 | 0.37 | (17.28) | 0.00 | 1.52 | 10.66 | |||
| MAYAU | 0.19 | 0.04 | 0.00 | 4.11 | 0.00 | 0.00 | 6.37 | |||
| COLAU | 0.13 | (0.03) | 0.00 | 0.47 | 0.00 | 0.00 | 3.72 | |||
| SPKL | 0.66 | 0.03 | (0.03) | (0.42) | 0.81 | 2.07 | 5.35 | |||
| BYNO | 0.02 | (0.02) | 0.00 | (1.93) | 0.00 | 0.00 | 0.82 | |||
| UYSC | 0.06 | 0.01 | (0.32) | (1.16) | 0.00 | 0.20 | 0.59 |