Lightspeed Commerce Correlations
| LSPD Stock | CAD 13.00 0.02 0.15% |
The current 90-days correlation between Lightspeed Commerce and Kraken Robotics is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lightspeed Commerce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightspeed Commerce moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Lightspeed Commerce Correlation With Market
Very good diversification
The correlation between Lightspeed Commerce and DJI is -0.44 (i.e., Very good 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.
Lightspeed |
The ability to find closely correlated positions to Lightspeed Commerce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightspeed Commerce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lightspeed Commerce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lightspeed Commerce to buy it.
Moving against Lightspeed Stock
| 0.91 | PD | Precision Drilling | PairCorr |
| 0.82 | ALC | Algoma Central | PairCorr |
| 0.82 | FTG | Firan Technology | PairCorr |
| 0.8 | AMAT | Applied Materials | PairCorr |
| 0.75 | STRR | Star Royalties | PairCorr |
| 0.74 | QQQ | Questcorp Mining | PairCorr |
| 0.74 | STUV | Stuve Gold Corp | PairCorr |
| 0.72 | SLF | Sun Life Financial | PairCorr |
| 0.64 | GZD | Grizzly Discoveries | PairCorr |
| 0.61 | MAXQ | Maritime Launch Services | PairCorr |
| 0.61 | NWX | Newport Exploration | PairCorr |
| 0.61 | LCE | Century Lithium Corp | PairCorr |
| 0.58 | GGX | GGX Gold Corp | PairCorr |
| 0.58 | DIR-UN | Dream Industrial Real | PairCorr |
| 0.52 | CTF-UN | Citadel Income | PairCorr |
| 0.52 | HOM-U | BSR Real Estate Earnings Call This Week | PairCorr |
| 0.45 | IFX | Imaflex | PairCorr |
| 0.38 | CCD | Cascadero Copper Corp | PairCorr |
| 0.38 | KMP-UN | Killam Apartment Real | PairCorr |
| 0.31 | AVL | Avalon Advanced Materials | PairCorr |
| 0.96 | COLA | Coca Cola CDR | PairCorr |
| 0.92 | LGD | Liberty Gold Corp | PairCorr |
| 0.9 | TECT | Tectonic Metals | PairCorr |
| 0.81 | EQB | EQB Inc | PairCorr |
| 0.79 | QRO | Quadro Resources | PairCorr |
| 0.77 | CMI | C Com Satellite | PairCorr |
| 0.77 | BN-PFI | Brookfield | PairCorr |
| 0.76 | SMD | Strategic Metals | PairCorr |
| 0.75 | CYB | Cymbria | PairCorr |
| 0.74 | ASCU | Arizona Sonoran Copper | PairCorr |
| 0.74 | VGD | Visible Gold Mines | PairCorr |
| 0.73 | CRR-UN | Crombie Real Estate | PairCorr |
| 0.73 | MRG-UN | Morguard North American | PairCorr |
Related Correlations Analysis
| -0.38 | 0.68 | 0.61 | 0.18 | -0.21 | HIVE | ||
| -0.38 | -0.7 | -0.75 | -0.65 | 0.3 | PNG | ||
| 0.68 | -0.7 | 0.94 | 0.54 | -0.39 | ENGH | ||
| 0.61 | -0.75 | 0.94 | 0.61 | -0.41 | DCBO | ||
| 0.18 | -0.65 | 0.54 | 0.61 | -0.33 | TBIX | ||
| -0.21 | 0.3 | -0.39 | -0.41 | -0.33 | ROI | ||
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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIVE | 3.81 | (0.58) | 0.00 | (0.23) | 0.00 | 8.61 | 20.84 | |||
| PNG | 3.15 | 0.68 | 0.17 | 0.35 | 3.54 | 8.00 | 17.45 | |||
| ENGH | 0.94 | (0.10) | 0.00 | (13.91) | 0.00 | 1.73 | 8.77 | |||
| DCBO | 1.86 | (0.11) | 0.00 | (0.47) | 0.00 | 3.76 | 18.47 | |||
| TBIX | 5.25 | 0.29 | 0.01 | 0.29 | 8.49 | 25.00 | 65.00 | |||
| ROI | 5.99 | 0.48 | 0.03 | (0.22) | 7.87 | 16.67 | 50.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lightspeed Commerce without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Lightspeed Commerce Corporate Management
Elected by the shareholders, the Lightspeed Commerce's board of directors comprises two types of representatives: Lightspeed Commerce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lightspeed. The board's role is to monitor Lightspeed Commerce's management team and ensure that shareholders' interests are well served. Lightspeed Commerce's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lightspeed Commerce's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Merline Saintil | Director | Profile | |
| John Shapiro | Chief Officer, | Profile | |
| JeanPaul Chauvet | CEO Director | Profile | |
| Manon Brouillette | Executive Board | Profile | |
| Jean Chauvet | President Director | Profile | |
| Daniel Micak | General Counsel, Corporate Secretary | Profile | |
| JeanDavid SaintMartin | President | Profile |