Logitech International Correlations

LOGN Stock  CHF 70.36  0.98  1.41%   
The current 90-days correlation between Logitech International and Temenos Group AG is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Logitech International Correlation With Market

Pay attention - limited upside

The correlation between Logitech International SA and DJI is -0.74 (i.e., Pay attention - limited upside) 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.
  
The ability to find closely correlated positions to Logitech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Logitech International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Logitech International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Logitech International SA to buy it.

Moving against Logitech Stock

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  0.83EFGN EFG InternationalPairCorr
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  0.57SHLTN S H LPairCorr
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  0.48UHR Swatch GroupPairCorr

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

COTNIFCN
COTNELMN
CICNALSN
IFCNELMN
SENSTEMN
COTNHUBN
  

High negative correlations

CICNELMN
COTNALSN
ALSNELMN
IFCNALSN
CICNCOTN
HUBNALSN

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMN  0.57  0.19  0.12  2.84  0.00 
 1.65 
 3.34 
TEMN  1.30 (0.21) 0.00 (2.35) 0.00 
 2.39 
 9.69 
ALSN  1.05 (0.21) 0.00 (0.87) 0.00 
 2.06 
 6.12 
IFCN  1.78  0.34  0.11 (2.68) 1.87 
 5.30 
 11.48 
HUBN  1.48  0.27  0.07 (2.26) 2.13 
 3.39 
 12.68 
COTN  2.02  0.59  0.24 (3.68) 1.61 
 5.38 
 13.87 
CICN  2.84 (0.62) 0.00 (4.27) 0.00 
 4.76 
 36.56 
UBXN  0.34 (0.02)(0.09)(0.04) 0.56 
 0.60 
 7.62 
SENS  1.58 (0.03) 0.00  0.26  0.00 
 2.97 
 11.10 
AMS  2.53 (0.43) 0.00 (0.53) 0.00 
 4.19 
 20.25 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Logitech International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Logitech International Corporate Management

Elected by the shareholders, the Logitech International's board of directors comprises two types of representatives: Logitech International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Logitech. The board's role is to monitor Logitech International's management team and ensure that shareholders' interests are well served. Logitech International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Logitech International's outside directors are responsible for providing unbiased perspectives on the board's policies.