Lightspeed Commerce Correlations

LSPD Stock

USD 9.32 0.07 0.76%

The current 90-days correlation between Lightspeed Commerce and Clearwater Analytics Holdings is 0.3 (i.e., Weak diversification). The correlation of Lightspeed Commerce 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.

Lightspeed Commerce Correlation With Market

Very good diversification

The correlation between Lightspeed Commerce and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lightspeed Commerce and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lightspeed Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lightspeed Commerce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Lightspeed Stock refer to our How to Trade Lightspeed Stock guide.

Moving together with Lightspeed Stock

0.72	S	SentinelOne	Pair Corr
0.87	AI	C3 Ai Inc Buyout Trend	Pair Corr
0.81	BB	BlackBerry	Pair Corr
0.85	ZS	Zscaler	Pair Corr
0.92	VRNS	Varonis Systems	Pair Corr
0.8	ANY	Sphere 3D Corp	Pair Corr
0.85	BTQ	BTQ Technologies Corp Tech Boost	Pair Corr
0.87	FROG	Jfrog Tech Boost	Pair Corr
0.9	FUBO	Fubotv Inc Aggressive Push	Pair Corr
0.85	NOW	ServiceNow Aggressive Push	Pair Corr
0.92	PGY	Pagaya Technologies	Pair Corr
0.91	RPD	Rapid7 Inc Buyout Trend	Pair Corr
0.77	TLS	Telos Corp Buyout Trend	Pair Corr
0.85	GTLB	Gitlab Inc	Pair Corr
0.79	INTZ	Intrusion Tech Boost	Pair Corr
0.86	IVDA	Iveda Solutions	Pair Corr
0.68	PRO	Prophecy International	Pair Corr
0.94	MSFT	Microsoft Aggressive Push	Pair Corr
0.93	NABL	N Able Inc	Pair Corr
0.85	ORCL	Oracle Earnings Call This Week	Pair Corr
0.93	OSPN	OneSpan Earnings Call This Week	Pair Corr
0.9	PANW	Palo Alto Networks	Pair Corr
0.89	PATH	Uipath Inc Earnings Call This Week	Pair Corr
0.95	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.62	PRGS	Progress Software	Pair Corr
0.85	QLYS	Qualys Inc	Pair Corr
0.88	RBRK	Rubrik	Pair Corr

Moving against Lightspeed Stock

0.79	GROV	Virgin Group Acquisition	Pair Corr
0.59	OS	OneStream Class A	Pair Corr
0.77	ATEN	A10 Network	Pair Corr
0.54	SNCF	Sanarco Funds	Pair Corr

Related Correlations Analysis

	CWAN	BULL	DGNX	CLSK	WK	BTDR	CALX	OS	FROG	WEX
CWAN		-0.45	-0.7	-0.4	-0.26	0.22	-0.17	0.58	-0.29	0.46	CWAN
BULL	-0.45		0.82	0.82	0.94	0.45	0.38	-0.67	0.89	-0.23	BULL
DGNX	-0.7	0.82		0.64	0.76	0.13	0.35	-0.79	0.73	-0.5	DGNX
CLSK	-0.4	0.82	0.64		0.75	0.59	0.37	-0.38	0.62	-0.13	CLSK
WK	-0.26	0.94	0.76	0.75		0.55	0.33	-0.59	0.89	-0.21	WK
BTDR	0.22	0.45	0.13	0.59	0.55		0.22	0.09	0.44	0.18	BTDR
CALX	-0.17	0.38	0.35	0.37	0.33	0.22		-0.24	0.29	0.14	CALX
OS	0.58	-0.67	-0.79	-0.38	-0.59	0.09	-0.24		-0.71	0.48	OS
FROG	-0.29	0.89	0.73	0.62	0.89	0.44	0.29	-0.71		-0.17	FROG
WEX	0.46	-0.23	-0.5	-0.13	-0.21	0.18	0.14	0.48	-0.17		WEX
	CWAN	BULL	DGNX	CLSK	WK	BTDR	CALX	OS	FROG	WEX

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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

WK	+ 0.94	BULL
FROG	+ 0.89	BULL
FROG	+ 0.89	WK
DGNX	+ 0.82	BULL
CLSK	+ 0.82	BULL
WK	+ 0.76	DGNX

High negative correlations

OS	- 0.79	DGNX
FROG	- 0.71	OS
DGNX	- 0.7	CWAN
OS	- 0.67	BULL
OS	- 0.59	WK
WEX	- 0.5	DGNX

Risk-Adjusted Indicators

There is a big difference between Lightspeed Stock performing well and Lightspeed Commerce 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 Lightspeed Commerce'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
CWAN	0.81	0.07	0.04	0.18	1.03	(1.02)	1.58	(1.81)	9.67
BULL	2.67	(0.48)	0.00	1.82	0.00	0.00	5.41	(5.90)	19.31
DGNX	7.25	(4.10)	0.00	(2.39)	0.00	0.00	13.33	(20.73)	49.87
CLSK	4.93	(0.18)	0.00	(0.02)	0.00	0.00	12.27	(9.26)	33.21
WK	1.80	(0.60)	0.00	(1.14)	0.00	0.00	3.00	(6.18)	12.71
BTDR	4.46	(0.64)	0.00	(0.18)	0.00	0.00	8.05	(9.13)	32.96
CALX	2.08	(0.10)	0.00	(0.06)	0.00	0.00	4.53	(4.36)	19.32
OS	1.50	0.23	0.09	0.43	1.81	(1.80)	3.71	(3.04)	29.32
FROG	3.25	(0.50)	0.00	(0.91)	0.00	0.00	6.39	(7.95)	31.73
WEX	1.81	0.09	0.05	0.09	2.11	(2.15)	3.59	(3.62)	14.87

Lightspeed Commerce Corporate Management

John Shapiro	Chief Officer,	Profile
JeanPaul Chauvet	CEO Director	Profile
Steve Midgley	Executive Vice President of Customers	Profile
Manon Brouillette	Executive Board	Profile
Jean Chauvet	President Director	Profile

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