Logitech International Correlations

LOGI Stock

USD 90.16 1.42 1.60%

The current 90-days correlation between Logitech International and Pure Storage is 0.81 (i.e., Very poor 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 0.76 (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 price.

Moving together with Logitech Stock

0.62	ERIC	Telefonaktiebolaget	Pair Corr
0.86	EXTR	Extreme Networks	Pair Corr
0.81	HPE	Hewlett Packard Ente	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.74	NOK	Nokia Corp ADR	Pair Corr
0.71	STX	Seagate Technology PLC	Pair Corr
0.75	WDC	Western Digital	Pair Corr
0.96	ZBRA	Zebra Technologies	Pair Corr
0.74	JNPR	Juniper Networks	Pair Corr
0.81	LITE	Lumentum Holdings	Pair Corr
0.82	NTAP	NetApp Inc	Pair Corr
0.72	NTGR	NETGEAR	Pair Corr
0.87	PSTG	Pure Storage	Pair Corr
0.62	QBTS	D Wave Quantum	Pair Corr
0.78	ANET	Arista Networks Tech Boost	Pair Corr
0.75	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.82	SSYS	Stratasys	Pair Corr
0.7	CIEN	Ciena Corp	Pair Corr
0.78	CLFD	Clearfield	Pair Corr
0.73	CRCT	Cricut Inc	Pair Corr
0.83	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	DELL	Dell Technologies	Pair Corr
0.75	CRM	Salesforce	Pair Corr
0.73	IBM	International Business	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.71	MARA	Marathon Digital Holdings Aggressive Push	Pair Corr
0.67	MSFT	Microsoft Aggressive Push	Pair Corr
0.76	RIOT	Riot Blockchain Aggressive Push	Pair Corr
0.76	BTBT	Bit Digital	Pair Corr
0.84	TWLO	Twilio Inc	Pair Corr
0.65	CLSK	CleanSpark Aggressive Push	Pair Corr

Related Correlations Analysis

	PSTG	STX	HPQ	DELL	WDC	NTAP	SMCI	ANET
PSTG		0.86	0.56	0.94	0.87	0.95	0.86	0.94	PSTG
STX	0.86		0.14	0.95	0.99	0.96	0.85	0.86	STX
HPQ	0.56	0.14		0.38	0.19	0.37	0.31	0.47	HPQ
DELL	0.94	0.95	0.38		0.97	0.98	0.9	0.9	DELL
WDC	0.87	0.99	0.19	0.97		0.97	0.86	0.88	WDC
NTAP	0.95	0.96	0.37	0.98	0.97		0.86	0.94	NTAP
SMCI	0.86	0.85	0.31	0.9	0.86	0.86		0.8	SMCI
ANET	0.94	0.86	0.47	0.9	0.88	0.94	0.8		ANET
	PSTG	STX	HPQ	DELL	WDC	NTAP	SMCI	ANET

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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
PSTG	2.34	0.08	0.03	0.08	3.50	(2.35)	5.64	(5.21)	21.75
STX	2.35	0.72	0.19	0.49	3.24	(2.67)	6.33	(3.09)	17.78
HPQ	1.94	(0.23)	0.00	(0.12)	0.00	0.00	2.85	(5.83)	19.26
DELL	2.59	0.38	0.09	0.22	3.85	(2.79)	5.88	(4.95)	22.65
WDC	2.19	0.56	0.11	0.34	4.01	(2.20)	5.59	(3.08)	20.43
NTAP	1.70	0.14	0.06	0.13	2.32	(1.89)	3.88	(3.00)	17.52
SMCI	4.29	0.35	0.07	0.23	4.74	(4.83)	10.66	(8.25)	27.27
ANET	2.80	0.24	0.06	0.19	4.04	(2.60)	6.61	(6.07)	16.27

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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