Lightspeed Commerce Correlations

Correlation With Market Overview: Lightspeed Commerce

Lightspeed Commerce has a market cap of 1.29 B, operating margin of -10.95%, ROE of -36.21%. See Correlation Analysis for portfolio-level analysis. This suggests a position in Lightspeed Commerce across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.Learn how to buy and trade Lightspeed Stock using our step-by-step How to Buy Lightspeed Commerce guide.

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 AMPL + 0.99 PD PD + 0.95 PAR AMPL + 0.93 PAR PD + 0.89 ALIT DV + 0.88 AMPL PAR + 0.84 ALIT

High negative correlations MLNK - 0.61 ALIT MLNK - 0.57 PRCH PD - 0.5 MLNK AMPL - 0.48 MLNK MLNK - 0.44 PAR PRCH - 0.41 KARO

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.