Lightspeed Commerce Correlations

LSPD Stock

USD 11.35 0.42 3.84%

The current 90-days correlation between Lightspeed Commerce and C3 Ai Inc is 0.51 (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

Poor diversification

The correlation between Lightspeed Commerce and DJI is 0.62 (i.e., Poor 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 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

0.79	U	Unity Software	Pair Corr
0.67	DJCO	Daily Journal Corp	Pair Corr
0.69	AZ	A2Z Smart Technologies	Pair Corr
0.79	BL	Blackline	Pair Corr
0.84	DT	Dynatrace Holdings LLC	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.73	ZM	Zoom Video Communications	Pair Corr
0.72	DOMO	Domo Inc	Pair Corr
0.81	VERB	Verb Technology	Pair Corr
0.64	DUOL	Duolingo	Pair Corr
0.82	DUOT	Duos Technologies	Pair Corr
0.77	VTEX	VTEX	Pair Corr
0.81	VTSI	VirTra Inc	Pair Corr
0.74	EGAN	eGain Tech Boost	Pair Corr
0.67	WDAY	Workday Earnings Call Tomorrow	Pair Corr
0.81	ETWO	E2open Parent Holdings	Pair Corr
0.85	BMR	Beamr Imaging Downward Rally	Pair Corr
0.79	BSY	Bentley Systems	Pair Corr
0.61	CXM	Sprinklr	Pair Corr

Moving against Lightspeed Stock

0.49	QH	Quhuo	Pair Corr
0.37	VMEO	Vimeo Inc	Pair Corr
0.54	WETO	Webus International	Pair Corr
0.36	EXFY	Expensify	Pair Corr

Related Correlations Analysis

	SNOW	ZM	AI	TTD	CRM	OTEX	PAYC	PWSC	ABST	SHOP
SNOW		0.77	0.88	0.88	0.39	0.92	0.91	0.0	0.0	0.8	SNOW
ZM	0.77		0.81	0.88	0.77	0.87	0.89	0.0	0.0	0.84	ZM
AI	0.88	0.81		0.82	0.52	0.87	0.83	0.0	0.0	0.86	AI
TTD	0.88	0.88	0.82		0.59	0.88	0.95	0.0	0.0	0.83	TTD
CRM	0.39	0.77	0.52	0.59		0.55	0.51	0.0	0.0	0.73	CRM
OTEX	0.92	0.87	0.87	0.88	0.55		0.91	0.0	0.0	0.87	OTEX
PAYC	0.91	0.89	0.83	0.95	0.51	0.91		0.0	0.0	0.77	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	0.8	0.84	0.86	0.83	0.73	0.87	0.77	0.0	0.0		SHOP
	SNOW	ZM	AI	TTD	CRM	OTEX	PAYC	PWSC	ABST	SHOP

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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

PAYC	+ 0.95	TTD
OTEX	+ 0.92	SNOW
PAYC	+ 0.91	SNOW
PAYC	+ 0.91	OTEX
PAYC	+ 0.89	ZM
AI	+ 0.88	SNOW

High negative correlations

SHOP	- 0.0	ABST
SHOP	- 0.0	PWSC
ABST	- 0.0	PWSC
ABST	- 0.0	PAYC
PWSC	- 0.0	PAYC
ABST	- 0.0	OTEX

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	2.06	0.45	0.15	0.37	2.21	(2.06)	5.11	(4.43)	17.70
ZM	1.30	0.06	0.03	0.13	1.82	(1.39)	2.73	(2.53)	11.09
AI	3.07	0.21	0.08	0.18	3.01	(3.93)	5.29	(5.53)	26.86
TTD	3.15	0.38	0.10	0.25	3.61	(3.27)	6.37	(5.79)	28.51
CRM	1.62	(0.10)	0.00	(0.02)	0.00	0.00	3.02	(3.64)	13.13
OTEX	1.41	0.15	0.07	0.22	1.91	(1.48)	2.94	(4.24)	13.62
PAYC	1.67	0.24	0.12	0.24	1.91	(1.85)	3.65	(3.13)	18.11
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	3.22	0.22	0.07	0.16	4.26	(3.41)	6.13	(5.70)	26.25

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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