Correlation Between Logitech International and Schneider National

Can any of the company-specific risk be diversified away by investing in both Logitech International and Schneider National 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 Logitech International and Schneider National into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Logitech International SA and Schneider National, you can compare the effects of market volatilities on Logitech International and Schneider National 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 Logitech International with a short position of Schneider National. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logitech International and Schneider National.

Diversification Opportunities for Logitech International and Schneider National

-0.67

Correlation Coefficient

Logitech International  Schneider National

Excellent diversification

The 3 months correlation between Logitech and Schneider is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding Logitech International SA and Schneider National in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Schneider National and Logitech International 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 Logitech International SA are associated (or correlated) with Schneider National. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Schneider National has no effect on the direction of Logitech International i.e., Logitech International and Schneider National go up and down completely randomly.

Pair Corralation between Logitech International and Schneider National

Given the investment horizon of 90 days Logitech International SA is expected to generate 0.66 times more return on investment than Schneider National. However, Logitech International SA is 1.51 times less risky than Schneider National. It trades about 0.27 of its potential returns per unit of risk. Schneider National is currently generating about -0.07 per unit of risk. If you would invest  9,101  in Logitech International SA on August 3, 2025 and sell it today you would earn a total of  2,955  from holding Logitech International SA or generate 32.47% return on investment over 90 days.

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

Logitech International SA  vs.  Schneider National

Logitech International

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Logitech International SA are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. Despite fairly uncertain technical and fundamental indicators, Logitech International demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Schneider National

Risk-Adjusted Performance

Weakest

Over the last 90 days Schneider National has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Stock's fundamental indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

Pair Trading with Logitech International and Schneider National

The main advantage of trading using opposite Logitech International and Schneider National positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Logitech International position performs unexpectedly, Schneider National 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 Schneider National will offset losses from the drop in Schneider National's long position.

The idea behind Logitech International SA and Schneider National 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.