Lightspeed Commerce Correlations

LSPD Stock

USD 10.63 0.05 0.47%

The current 90-days correlation between Lightspeed Commerce and C3 Ai Inc is 0.49 (i.e., Very 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

Good diversification

The correlation between Lightspeed Commerce and DJI is -0.08 (i.e., 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.

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 american community survey.

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

Moving together with Lightspeed Stock

0.82	DJCO	Daily Journal Corp	Pair Corr
0.92	AI	C3 Ai Inc	Pair Corr
0.74	BL	Blackline	Pair Corr
0.65	DV	DoubleVerify Holdings	Pair Corr
0.9	EB	Eventbrite Class A	Pair Corr
0.84	WK	Workiva	Pair Corr
0.65	ZM	Zoom Video Communications	Pair Corr
0.74	DOCU	DocuSign	Pair Corr
0.87	MITK	Mitek Systems	Pair Corr
0.84	VERX	Vertex	Pair Corr
0.77	VERB	Verb Technology	Pair Corr
0.79	DSGX	Descartes Systems	Pair Corr
0.91	MRIN	Marin Software	Pair Corr
0.81	VMEO	Vimeo Inc	Pair Corr
0.67	MSTR	MicroStrategy Incorporated	Pair Corr
0.67	MTLS	Materialise NV	Pair Corr
0.77	MYSZ	My Size	Pair Corr
0.69	VTEX	VTEX	Pair Corr
0.81	EGAN	eGain	Pair Corr
0.65	EGHT	8x8 Common Stock	Pair Corr
0.95	NATL	NCR Atleos	Pair Corr
0.92	NCNO	nCino Inc	Pair Corr

Moving against Lightspeed Stock

0.72	KC	Kingsoft Cloud Holdings	Pair Corr
0.58	VCSA	Vacasa Inc	Pair Corr
0.48	DOMO	Domo Inc	Pair Corr
0.48	MKTW	Marketwise	Pair Corr
0.42	QH	Quhuo	Pair Corr
0.42	ZI	ZoomInfo Technologies	Pair Corr
0.35	ML	MoneyLion	Pair Corr
0.59	ENFN	Enfusion	Pair Corr
0.33	MNDY	MondayCom	Pair Corr

Related Correlations Analysis

	SNOW	ZM	AI	TTD	CRM	OTEX	PAYC	PWSC	ABST	SHOP
SNOW		0.64	0.39	0.31	0.42	0.56	0.01	0.0	0.0	0.86	SNOW
ZM	0.64		0.81	0.69	0.72	0.87	-0.42	0.0	0.0	0.76	ZM
AI	0.39	0.81		0.92	0.7	0.87	-0.6	0.0	0.0	0.54	AI
TTD	0.31	0.69	0.92		0.65	0.84	-0.68	0.0	0.0	0.34	TTD
CRM	0.42	0.72	0.7	0.65		0.74	-0.32	0.0	0.0	0.55	CRM
OTEX	0.56	0.87	0.87	0.84	0.74		-0.51	0.0	0.0	0.62	OTEX
PAYC	0.01	-0.42	-0.6	-0.68	-0.32	-0.51		0.0	0.0	-0.03	PAYC
PWSC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PWSC
ABST	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ABST
SHOP	0.86	0.76	0.54	0.34	0.55	0.62	-0.03	0.0	0.0		SHOP
	SNOW	ZM	AI	TTD	CRM	OTEX	PAYC	PWSC	ABST	SHOP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TTD	+ 0.92	AI
OTEX	+ 0.87	ZM
OTEX	+ 0.87	AI
SHOP	+ 0.86	SNOW
OTEX	+ 0.84	TTD
AI	+ 0.81	ZM

High negative correlations

PAYC	- 0.68	TTD
PAYC	- 0.6	AI
PAYC	- 0.51	OTEX
PAYC	- 0.42	ZM
PAYC	- 0.32	CRM
SHOP	- 0.03	PAYC

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
SNOW	2.02	(0.03)	0.02	0.00	3.42	(1.82)	3.60	(3.92)	19.02
ZM	1.24	(0.18)	0.00	(2.96)	0.00	0.00	2.28	(2.33)	16.58
AI	2.96	(0.69)	0.00	2.86	0.00	0.00	4.81	(6.97)	17.88
TTD	2.68	(1.10)	0.00	(6.04)	0.00	0.00	3.49	(5.15)	37.45
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
OTEX	1.23	(0.09)	0.00	3.16	0.00	0.00	2.72	(2.29)	9.13
PAYC	1.38	0.10	0.08	3.65	1.88	(1.38)	2.62	(2.55)	9.39
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHOP	2.48	(0.05)	0.00	0.13	0.00	0.00	4.70	(6.15)	16.75

Lightspeed Commerce Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC