Contextlogic Correlations

LOGC Stock

USD 7.51 0.47 6.68%

The current 90-days correlation between Contextlogic and Viemed Healthcare is 0.36 (i.e., Weak diversification). The correlation of Contextlogic 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.

Contextlogic Correlation With Market

Average diversification

The correlation between Contextlogic and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Contextlogic 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 Contextlogic. 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.

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

Moving together with Contextlogic Stock

0.63	EYE	National Vision Holdings	Pair Corr
0.71	ORLY	OReilly Automotive	Pair Corr
0.75	CPNG	Coupang LLC	Pair Corr

Moving against Contextlogic Stock

0.53	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.46	FL	Foot Locker	Pair Corr
0.42	ANF	Abercrombie Fitch	Pair Corr
0.32	BBW	Build A Bear	Pair Corr
0.6	UCAR	U Power Limited	Pair Corr
0.48	BURL	Burlington Stores	Pair Corr
0.48	ULTA	Ulta Beauty	Pair Corr
0.46	SPWH	Sportsmans	Pair Corr
0.38	ODP	ODP Corp	Pair Corr
0.37	LESL	Leslies	Pair Corr
0.33	MNRO	Monro Muffler Brake	Pair Corr

Related Correlations Analysis

	BSIIU	APGE	AIKO	VMD	OMHE	NDAQ	IPXXU	GNFT
BSIIU		-0.42	0.0	-0.14	0.0	0.36	-0.35	-0.04	BSIIU
APGE	-0.42		0.0	0.64	0.0	-0.15	0.34	0.3	APGE
AIKO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AIKO
VMD	-0.14	0.64	0.0		0.0	0.39	0.24	0.33	VMD
OMHE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OMHE
NDAQ	0.36	-0.15	0.0	0.39	0.0		0.04	0.44	NDAQ
IPXXU	-0.35	0.34	0.0	0.24	0.0	0.04		0.01	IPXXU
GNFT	-0.04	0.3	0.0	0.33	0.0	0.44	0.01		GNFT
	BSIIU	APGE	AIKO	VMD	OMHE	NDAQ	IPXXU	GNFT

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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

VMD	+ 0.64	APGE
GNFT	+ 0.44	NDAQ
NDAQ	+ 0.39	VMD
NDAQ	+ 0.36	BSIIU
IPXXU	+ 0.34	APGE
GNFT	+ 0.33	VMD

High negative correlations

APGE	- 0.42	BSIIU
IPXXU	- 0.35	BSIIU
NDAQ	- 0.15	APGE
VMD	- 0.14	BSIIU
GNFT	- 0.04	BSIIU
GNFT	- 0.0	OMHE

Risk-Adjusted Indicators

There is a big difference between Contextlogic Stock performing well and Contextlogic 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 Contextlogic'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
BSIIU	0.10	0.00	0.16	(0.21)	0.20	(0.84)	0.30	(0.20)	2.47
APGE	3.26	(0.26)	0.00	(0.48)	0.00	0.00	6.09	(9.29)	22.67
AIKO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VMD	1.40	(0.09)	0.00	(0.27)	0.00	0.00	2.40	(2.40)	7.56
OMHE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDAQ	1.04	(0.04)	0.00	(0.18)	0.00	0.00	1.83	(2.69)	6.37
IPXXU	2.82	0.07	0.05	(0.21)	3.49	(5.68)	10.78	(7.54)	33.55
GNFT	2.50	0.01	0.00	(0.12)	0.00	0.00	6.43	(6.05)	15.06

Contextlogic Corporate Management

Joanna Forster	General Officer	Profile
Daniel MD	Chief Officer	Profile
Ralph Fong	Head Relations	Profile
Mariana Nacht	Chief Officer	Profile
Leszek MBA	CoFounder Board	Profile

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