Correlation Between Intapp and Logitech International

Can any of the company-specific risk be diversified away by investing in both Intapp and Logitech International at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Intapp and Logitech International into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Intapp Inc and Logitech International SA, you can compare the effects of market volatilities on Intapp and Logitech International and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Intapp with a short position of Logitech International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intapp and Logitech International.

Diversification Opportunities for Intapp and Logitech International

-0.71

Correlation Coefficient

Intapp  Logitech International

Pay attention - limited upside

The 3 months correlation between Intapp and Logitech is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Intapp Inc and Logitech International SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Logitech International and Intapp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Intapp Inc are associated (or correlated) with Logitech International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Logitech International has no effect on the direction of Intapp i.e., Intapp and Logitech International go up and down completely randomly.

Pair Corralation between Intapp and Logitech International

Given the investment horizon of 90 days Intapp Inc is expected to under-perform the Logitech International. In addition to that, Intapp is 1.26 times more volatile than Logitech International SA. It trades about -0.18 of its total potential returns per unit of risk. Logitech International SA is currently generating about 0.2 per unit of volatility. If you would invest  7,848  in Logitech International SA on April 28, 2025 and sell it today you would earn a total of  1,829  from holding Logitech International SA or generate 23.31% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Intapp Inc  vs.  Logitech International SA

Intapp Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intapp Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Logitech International

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Logitech International SA are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite fairly fragile technical and fundamental indicators, Logitech International demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intapp and Logitech International

The main advantage of trading using opposite Intapp and Logitech International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intapp position performs unexpectedly, Logitech International can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Logitech International will offset losses from the drop in Logitech International's long position.

The idea behind Intapp Inc and Logitech International SA pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.