Lightspeed Commerce Correlations

LSPD Stock

USD 12.42 0.21 1.72%

The current 90-days correlation between Lightspeed Commerce and Docebo Inc is 0.51 (i.e., Very weak diversification). The correlation of Lightspeed Commerce 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.

Lightspeed Commerce Correlation With Market

Very weak diversification

The correlation between Lightspeed Commerce and DJI is 0.52 (i.e., Very weak 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.

Build AI portfolio with Lightspeed Stock

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

For information on how to trade Lightspeed Stock refer to our How to Trade Lightspeed Stock guide.

Moving together with Lightspeed Stock

0.65	U	Unity Software Aggressive Push	Pair Corr
0.77	DV	DoubleVerify Holdings	Pair Corr
0.7	YB	Yuanbao American Dep	Pair Corr
0.79	DOMO	Domo Inc Tech Boost	Pair Corr
0.64	EGHT	8x8 Common Stock Buyout Trend	Pair Corr
0.69	ETWO	E2open Parent Holdings	Pair Corr
0.77	BSY	Bentley Systems	Pair Corr

Moving against Lightspeed Stock

0.73	DUOL	Duolingo	Pair Corr
0.47	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.4	VMEO	Vimeo Inc	Pair Corr
0.38	VERX	Vertex	Pair Corr
0.54	EPWK	EPWK Holdings	Pair Corr
0.53	WETO	Webus International	Pair Corr
0.5	FICO	Fair Isaac	Pair Corr
0.31	WDAY	Workday	Pair Corr

Related Correlations Analysis

	SHOP	DCBO	U	FSLY	ASAN	LSPD	GLBE	DLO
SHOP		0.81	0.85	-0.15	-0.29	0.47	0.13	0.58	SHOP
DCBO	0.81		0.89	-0.18	-0.2	0.68	0.24	0.51	DCBO
U	0.85	0.89		-0.1	-0.13	0.57	0.12	0.65	U
FSLY	-0.15	-0.18	-0.1		0.36	-0.07	0.32	0.13	FSLY
ASAN	-0.29	-0.2	-0.13	0.36		0.21	0.04	-0.13	ASAN
LSPD	0.47	0.68	0.57	-0.07	0.21		0.3	0.15	LSPD
GLBE	0.13	0.24	0.12	0.32	0.04	0.3		-0.26	GLBE
DLO	0.58	0.51	0.65	0.13	-0.13	0.15	-0.26		DLO
	SHOP	DCBO	U	FSLY	ASAN	LSPD	GLBE	DLO

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

U	+ 0.89	DCBO
U	+ 0.85	SHOP
DCBO	+ 0.81	SHOP
LSPD	+ 0.68	DCBO
DLO	+ 0.65	U
DLO	+ 0.58	SHOP

High negative correlations

ASAN	- 0.29	SHOP
DLO	- 0.26	GLBE
ASAN	- 0.2	DCBO
FSLY	- 0.18	DCBO
FSLY	- 0.15	SHOP
DLO	- 0.13	ASAN

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
SHOP	2.25	0.27	0.17	0.25	1.86	(2.71)	5.57	(3.58)	25.85
DCBO	1.58	0.09	0.07	0.17	1.80	(1.61)	3.21	(2.83)	9.52
U	3.01	0.83	0.32	0.59	2.24	(3.78)	9.72	(4.70)	20.27
FSLY	2.50	(0.09)	0.00	0.06	3.52	(2.49)	4.66	(6.30)	20.72
ASAN	2.35	(0.50)	0.00	(0.11)	0.00	0.00	3.90	(4.56)	23.85
LSPD	1.78	0.19	0.08	0.28	2.24	(1.96)	3.93	(4.54)	12.13
GLBE	1.93	(0.04)	0.01	0.08	2.45	(2.13)	3.63	(3.88)	15.41
DLO	2.38	0.28	0.18	0.24	1.81	(3.00)	4.89	(3.68)	35.03

Lightspeed Commerce Corporate Management

John Shapiro	Chief Officer,	Profile
JeanPaul Chauvet	CEO Director	Profile
Steve Midgley	Executive Vice President of Customers	Profile
Manon Brouillette	Executive Board	Profile
Jean Chauvet	President Director	Profile

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