Logility Correlations

LGTY Stock

10.82 0.14 1.31%

The current 90-days correlation between Logility and Daily Journal Corp is -0.09 (i.e., Good diversification). The correlation of Logility 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.

Logility Correlation With Market

Good diversification

The correlation between Logility and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logility 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 Logility. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Logility Stock

0.61

WDAY

Workday

Pair Corr

Moving against Logility Stock

0.34	QH	Quhuo	Pair Corr
0.34	EVOL	Evolving Systems	Pair Corr
0.32	VTEX	VTEX	Pair Corr

Related Correlations Analysis

	U	DJCO	AI	AZ	BL	DT	DV	EB	ML	PD
U		0.46	0.75	0.32	0.53	0.73	0.52	0.43	0.43	0.65	U
DJCO	0.46		0.79	0.85	0.86	0.48	0.97	0.93	0.94	0.86	DJCO
AI	0.75	0.79		0.78	0.87	0.63	0.83	0.78	0.84	0.77	AI
AZ	0.32	0.85	0.78		0.88	0.48	0.85	0.91	0.88	0.7	AZ
BL	0.53	0.86	0.87	0.88		0.61	0.87	0.84	0.9	0.81	BL
DT	0.73	0.48	0.63	0.48	0.61		0.53	0.54	0.42	0.71	DT
DV	0.52	0.97	0.83	0.85	0.87	0.53		0.93	0.96	0.88	DV
EB	0.43	0.93	0.78	0.91	0.84	0.54	0.93		0.9	0.84	EB
ML	0.43	0.94	0.84	0.88	0.9	0.42	0.96	0.9		0.8	ML
PD	0.65	0.86	0.77	0.7	0.81	0.71	0.88	0.84	0.8		PD
	U	DJCO	AI	AZ	BL	DT	DV	EB	ML	PD

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Risk-Adjusted Indicators

There is a big difference between Logility Stock performing well and Logility 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 Logility'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
U	2.96	0.12	0.04	0.08	3.59	(3.15)	7.73	(6.43)	19.47
DJCO	1.85	0.15	0.09	0.08	1.75	(2.24)	3.45	(2.85)	19.38
AI	3.03	0.69	0.18	0.36	3.20	(3.24)	8.08	(6.73)	34.87
AZ	5.00	2.19	0.43	1.14	3.92	(6.12)	13.36	(7.41)	44.37
BL	1.44	0.24	0.16	0.18	1.40	(1.56)	3.61	(2.28)	8.10
DT	1.22	0.06	0.04	0.08	1.66	(1.19)	2.70	(2.82)	9.26
DV	1.61	0.18	0.09	0.15	1.82	(1.77)	3.51	(3.23)	10.96
EB	2.61	0.24	0.08	0.30	2.81	(2.97)	6.82	(4.47)	14.41
ML	3.81	1.12	0.29	0.41	3.15	(4.50)	14.30	(5.30)	35.85
PD	1.66	0.00	0.01	0.02	2.21	(1.57)	2.99	(3.24)	9.49

Logility Corporate Management

Shawn Reynolds	Executive Marketing	Profile
Bill Harrison	Executive Operations	Profile
Mark Grant	General Counsel	Profile
Tricia Brenn	Executive Talent	Profile
Keith Charron	Chief Officer	Profile
Alex Price	Senior Sales	Profile

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