Lightspeed Commerce Correlations

Lightspeed Commerce Correlation With Market

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.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    LSPD + 0.88 SHOP LSPD + 0.84 U U + 0.82 SHOP DLO + 0.8 SHOP DLO + 0.71 LSPD DLO + 0.61 FSLY

High negative correlations    FSLY - 0.71 DCBO DLO - 0.59 GLBE LSPD - 0.42 ASAN DLO - 0.42 DCBO ASAN - 0.32 U ASAN - 0.32 SHOP

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.