Lesaka Technologies Correlations

LSAK Stock

USD 4.80 0.26 5.14%

The current 90-days correlation between Lesaka Technologies and Priority Technology Holdings is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lesaka Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lesaka Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lesaka Technologies Correlation With Market

Significant diversification

The correlation between Lesaka Technologies 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 Lesaka Technologies 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 Lesaka Technologies. 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.

For more information on how to buy Lesaka Stock please use our How to buy in Lesaka Stock guide.

Moving against Lesaka Stock

0.68	EXOD	Exodus Movement, Trending	Pair Corr
0.47	FFIV	F5 Networks Tech Boost	Pair Corr
0.45	BB	BlackBerry Aggressive Push	Pair Corr
0.45	CETXP	Cemtrex Pref	Pair Corr
0.39	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.38	VRAR	Glimpse Group	Pair Corr
0.31	GB	Global Blue Group	Pair Corr
0.56	DLO	Dlocal Tech Boost	Pair Corr
0.55	FTNT	Fortinet Earnings Call This Week	Pair Corr
0.5	NET	Cloudflare Earnings Call This Week	Pair Corr
0.49	DBX	Dropbox	Pair Corr
0.42	FIVN	Five9 Inc	Pair Corr
0.4	FOUR	Shift4 Payments	Pair Corr

Related Correlations Analysis

	PRTH	CSGS	OSPN	SANG	NTCT	CCSI	ESMT	FORG	EVTC	GB
PRTH		0.39	0.77	0.54	0.34	0.35	0.54	-0.16	0.29	0.62	PRTH
CSGS	0.39		0.6	0.24	0.76	0.8	0.14	-0.06	0.47	0.05	CSGS
OSPN	0.77	0.6		0.7	0.62	0.67	0.63	-0.2	0.16	0.64	OSPN
SANG	0.54	0.24	0.7		0.39	0.41	0.58	-0.07	-0.39	0.85	SANG
NTCT	0.34	0.76	0.62	0.39		0.72	0.26	-0.04	0.22	0.19	NTCT
CCSI	0.35	0.8	0.67	0.41	0.72		0.22	0.12	0.11	0.27	CCSI
ESMT	0.54	0.14	0.63	0.58	0.26	0.22		0.12	-0.19	0.7	ESMT
FORG	-0.16	-0.06	-0.2	-0.07	-0.04	0.12	0.12		-0.37	0.17	FORG
EVTC	0.29	0.47	0.16	-0.39	0.22	0.11	-0.19	-0.37		-0.44	EVTC
GB	0.62	0.05	0.64	0.85	0.19	0.27	0.7	0.17	-0.44		GB
	PRTH	CSGS	OSPN	SANG	NTCT	CCSI	ESMT	FORG	EVTC	GB

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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

GB	+ 0.85	SANG
CCSI	+ 0.8	CSGS
OSPN	+ 0.77	PRTH
NTCT	+ 0.76	CSGS
CCSI	+ 0.72	NTCT
SANG	+ 0.7	OSPN

High negative correlations

GB	- 0.44	EVTC
EVTC	- 0.39	SANG
EVTC	- 0.37	FORG
FORG	- 0.2	OSPN
EVTC	- 0.19	ESMT
FORG	- 0.16	PRTH

Risk-Adjusted Indicators

There is a big difference between Lesaka Stock performing well and Lesaka Technologies 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 Lesaka Technologies' 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
PRTH	4.74	1.08	0.18	(21.71)	4.77	(5.33)	14.65	(7.51)	33.72
CSGS	1.22	0.23	0.16	0.40	1.07	(1.43)	2.66	(1.64)	13.96
OSPN	1.94	0.43	0.17	0.74	2.12	(2.21)	6.28	(3.58)	21.05
SANG	1.95	0.43	0.14	8.26	1.91	(2.25)	5.83	(2.94)	12.14
NTCT	1.56	0.26	0.14	0.47	1.45	(1.74)	3.29	(2.71)	11.69
CCSI	1.95	0.52	0.17	1.54	2.11	(2.15)	4.16	(3.95)	20.68
ESMT	1.57	0.14	0.01	(0.30)	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.03)	0.00	(0.35)	0.00	0.00	1.78	(1.49)	6.71
EVTC	1.16	(0.03)	(0.05)	0.02	1.70	(1.11)	2.77	(2.30)	10.78
GB	2.27	0.47	0.13	15.21	2.65	(2.48)	4.77	(4.49)	22.78

Lesaka Technologies Corporate Management

Yasvanth Singh	Chief Officer	Profile
Steven CA	CEO Director	Profile
Alan Keschner	Vice Investments	Profile
Keith Kourie	Chief Officer	Profile
Daniel Smith	Group Officer	Profile
CA CA	Group Officer	Profile

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