Lightspeed Commerce Correlations

LSPD Stock  USD 13.12  0.06  0.46%   
The current 90-days correlation between Lightspeed Commerce and Docebo Inc is 0.3 (i.e., 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

Very weak diversification

The correlation between Lightspeed Commerce and DJI is 0.41 (i.e., Very weak 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.

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Moving against Lightspeed Stock

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Related Correlations Analysis

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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   
LSPDSHOP
LSPDU
USHOP
DLOSHOP
DLOLSPD
DLOFSLY
  
High negative correlations   
FSLYDCBO
DLOGLBE
LSPDASAN
DLODCBO
ASANU
ASANSHOP

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.

Lightspeed Commerce Corporate Management

John ShapiroChief Officer,Profile
JeanPaul ChauvetCEO DirectorProfile
Steve MidgleyExecutive Vice President of CustomersProfile
Manon BrouilletteExecutive BoardProfile
Jean ChauvetPresident DirectorProfile