Logitech International Correlations

LOGI Stock

USD 102.49 0.82 0.81%

The current 90-days correlation between Logitech International and NetApp Inc is 0.5 (i.e., Very weak diversification). The correlation of Logitech International 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.

Logitech International Correlation With Market

Poor diversification

The correlation between Logitech International SA and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logitech International SA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Logitech Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Logitech International SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Logitech Stock

0.8	FN	Fabrinet	Pair Corr
0.81	KN	Knowles Cor	Pair Corr
0.67	UI	Ubiquiti Networks Trending	Pair Corr
0.93	DSWL	Deswell Industries Upward Rally	Pair Corr
0.94	VIAV	Viavi Solutions	Pair Corr
0.85	VSAT	ViaSat Inc	Pair Corr
0.86	EXTR	Extreme Networks	Pair Corr
0.81	FFIV	F5 Networks	Pair Corr
0.89	BDC	Belden Inc	Pair Corr
0.84	CLS	Celestica	Pair Corr
0.79	GLW	Corning Incorporated	Pair Corr
0.75	JBL	Jabil Circuit	Pair Corr
0.78	LPL	LG Display	Pair Corr
0.88	WDC	Western Digital	Pair Corr
0.82	LASR	nLIGHT Inc	Pair Corr
0.72	MITQ	Moving iMage Technologies	Pair Corr
0.76	NEON	Neonode Tech Boost	Pair Corr
0.65	NEWP	New Pacific Metals	Pair Corr

Moving against Logitech Stock

0.82	EHGO	Eshallgo Class A	Pair Corr
0.73	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.46	CDW	CDW Corp	Pair Corr
0.41	FKWL	Franklin Wireless Corp	Pair Corr
0.76	WBX	Wallbox NV	Pair Corr
0.42	INVZW	Innoviz Technologies	Pair Corr
0.58	NTGR	NETGEAR Tech Boost	Pair Corr
0.39	NNDM	Nano Dimension	Pair Corr
0.38	NTCT	NetScout Systems	Pair Corr
0.32	MPTI	M tron Industries,	Pair Corr
0.31	ATCH	AtlasClear Holdings,	Pair Corr

Related Correlations Analysis

	CHGG	CRSR	DELL	NTAP	STX	TTWO	VEEV	WDC	ZS
CHGG		0.64	0.06	0.21	0.27	0.31	0.55	0.13	0.61	CHGG
CRSR	0.64		0.02	0.14	0.16	0.5	0.45	-0.03	0.65	CRSR
DELL	0.06	0.02		0.74	0.89	-0.19	0.33	0.93	-0.17	DELL
NTAP	0.21	0.14	0.74		0.82	0.23	0.51	0.73	0.17	NTAP
STX	0.27	0.16	0.89	0.82		0.0	0.58	0.96	0.09	STX
TTWO	0.31	0.5	-0.19	0.23	0.0		0.2	-0.18	0.73	TTWO
VEEV	0.55	0.45	0.33	0.51	0.58	0.2		0.45	0.58	VEEV
WDC	0.13	-0.03	0.93	0.73	0.96	-0.18	0.45		-0.1	WDC
ZS	0.61	0.65	-0.17	0.17	0.09	0.73	0.58	-0.1		ZS
	CHGG	CRSR	DELL	NTAP	STX	TTWO	VEEV	WDC	ZS

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

WDC	+ 0.96	STX
WDC	+ 0.93	DELL
STX	+ 0.89	DELL
STX	+ 0.82	NTAP
NTAP	+ 0.74	DELL
WDC	+ 0.73	NTAP

High negative correlations

TTWO	- 0.19	DELL
WDC	- 0.18	TTWO
ZS	- 0.17	DELL
ZS	- 0.1	WDC
WDC	- 0.03	CRSR
TTWO	- 0.0	STX

Risk-Adjusted Indicators

There is a big difference between Logitech Stock performing well and Logitech International 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 Logitech International'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
CHGG	5.52	0.50	0.08	1.11	5.31	(7.08)	15.32	(8.72)	48.66
CRSR	1.92	0.14	(0.02)	(0.13)	2.20	(2.19)	3.65	(3.60)	14.63
DELL	1.58	0.16	0.08	0.28	1.59	(1.77)	3.82	(3.39)	10.91
NTAP	1.10	0.02	0.05	0.13	1.06	(1.20)	2.54	(2.34)	7.96
STX	1.61	0.66	0.39	1.70	0.98	(2.04)	4.21	(2.40)	9.45
TTWO	0.93	(0.03)	(0.07)	0.06	1.19	(1.03)	2.44	(1.80)	7.66
VEEV	1.36	0.22	0.17	0.37	0.94	(1.71)	2.25	(1.95)	21.21
WDC	1.31	0.68	0.40	1.92	0.84	(1.62)	3.09	(1.91)	12.88
ZS	1.32	0.07	0.01	0.25	1.92	(1.36)	2.48	(2.17)	16.21

Logitech International Corporate Management

Prakash Arunkundrum	Head Sustainability	Profile
Alastair Curtis	Chief Officer	Profile
Kirsty Russell	Head Culture	Profile
Ehrika Gladden	Head Marketing	Profile
Nicole Kenyon	Head USA	Profile
Sree Chenincherry	Head Operations	Profile
Krista Todd	VP USA	Profile

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