Logitech International Correlations

LOGI Stock

USD 81.76 2.18 2.74%

The current 90-days correlation between Logitech International and Pure Storage is 0.35 (i.e., Weak diversification). The correlation of Logitech International 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.

Logitech International Correlation With Market

Significant diversification

The correlation between Logitech International SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logitech International SA 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 Logitech International SA. 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 Logitech Stock

0.77	CDW	CDW Corp	Pair Corr
0.76	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.66	CLFD	Clearfield	Pair Corr
0.61	CRCT	Cricut Inc	Pair Corr
0.66	DIOD	Diodes Incorporated Tech Boost	Pair Corr

Moving against Logitech Stock

0.73	EHGO	Eshallgo Class A	Pair Corr
0.72	PAR	PAR Technology	Pair Corr
0.71	IONQ	IONQ Inc	Pair Corr
0.58	LITE	Lumentum Holdings	Pair Corr
0.57	IDN	Intellicheck Mobilisa	Pair Corr
0.56	NTGR	NETGEAR	Pair Corr
0.56	RGTIW	Rigetti Computing	Pair Corr
0.55	MSI	Motorola Solutions	Pair Corr
0.55	RGTI	Rigetti Computing Tech Boost	Pair Corr
0.54	QBTS	D Wave Quantum Tech Boost	Pair Corr
0.52	QUBT	Quantum Computing Trending	Pair Corr
0.43	SSYS	Stratasys	Pair Corr
0.42	RCAT	Red Cat Holdings Trending	Pair Corr
0.4	ZBRA	Zebra Technologies	Pair Corr
0.34	EXTR	Extreme Networks	Pair Corr
0.31	ERIC	Telefonaktiebolaget Fiscal Year End 28th of January 2025	Pair Corr
0.7	ML	MoneyLion	Pair Corr
0.66	ZM	Zoom Video Communications	Pair Corr
0.6	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.56	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.56	WK	Workiva	Pair Corr
0.56	DOCU	DocuSign Sell-off Trend	Pair Corr
0.51	BKTI	BK Technologies	Pair Corr
0.49	GB	Global Blue Group Downward Rally	Pair Corr
0.48	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.45	BL	Blackline	Pair Corr
0.43	DV	DoubleVerify Holdings	Pair Corr
0.42	AI	C3 Ai Inc	Pair Corr

Related Correlations Analysis

	PSTG	STX	HPQ	DELL	WDC	NTAP	SMCI	ANET
PSTG		0.31	0.4	0.17	0.26	0.81	0.38	0.32	PSTG
STX	0.31		0.22	-0.01	0.52	0.46	0.46	0.5	STX
HPQ	0.4	0.22		0.85	0.55	0.42	-0.32	0.76	HPQ
DELL	0.17	-0.01	0.85		0.46	0.17	-0.66	0.75	DELL
WDC	0.26	0.52	0.55	0.46		0.2	-0.01	0.7	WDC
NTAP	0.81	0.46	0.42	0.17	0.2		0.4	0.31	NTAP
SMCI	0.38	0.46	-0.32	-0.66	-0.01	0.4		-0.24	SMCI
ANET	0.32	0.5	0.76	0.75	0.7	0.31	-0.24		ANET
	PSTG	STX	HPQ	DELL	WDC	NTAP	SMCI	ANET

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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

DELL	+ 0.85	HPQ
NTAP	+ 0.81	PSTG
ANET	+ 0.76	HPQ
ANET	+ 0.75	DELL
ANET	+ 0.7	WDC
WDC	+ 0.55	HPQ

High negative correlations

SMCI	- 0.66	DELL
SMCI	- 0.32	HPQ
ANET	- 0.24	SMCI
SMCI	- 0.01	WDC
DELL	- 0.01	STX

Risk-Adjusted Indicators

There is a big difference between Logitech Stock performing well and Logitech International 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 Logitech International'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
PSTG	2.11	(0.37)	0.00	(0.09)	0.00	0.00	3.58	(6.29)	16.75
STX	1.36	(0.14)	0.00	(0.03)	0.00	0.00	2.78	(2.81)	12.18
HPQ	1.30	0.04	0.03	0.15	1.62	(1.30)	2.22	(2.63)	6.13
DELL	2.02	0.21	0.13	0.24	2.03	(2.36)	4.33	(4.46)	10.85
WDC	1.68	(0.04)	0.01	0.09	1.82	(1.87)	4.52	(2.94)	11.83
NTAP	1.36	(0.18)	0.00	(0.07)	0.00	0.00	2.40	(2.91)	10.11
SMCI	5.77	(0.29)	0.00	2.17	0.00	0.00	15.79	(12.18)	48.46
ANET	1.74	(0.01)	0.03	0.11	2.55	(1.76)	4.44	(4.30)	12.04

Logitech International Corporate Management

Prakash Arunkundrum	Head Sustainability	Profile
Alastair Curtis	Chief Officer	Profile
Kirsty Russell	Head Culture	Profile
Ehrika Gladden	Head Marketing	Profile
Nicole Kenyon	Head USA	Profile
Krista Todd	VP USA	Profile
Samantha JD	Chief Secretary	Profile

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