Sprout Social Correlations

SPT Stock

USD 31.69 0.91 2.79%

The current 90-days correlation between Sprout Social and C3 Ai Inc is 0.29 (i.e., Modest diversification). The correlation of Sprout Social 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sprout Social Correlation With Market

Very weak diversification

The correlation between Sprout Social and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprout Social and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sprout Social. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Sprout Stock please use our How to Invest in Sprout Social guide.

Moving together with Sprout Stock

0.65	PD	Pagerduty	Pair Corr
0.63	WBTN	WEBTOON Entertainment	Pair Corr

Moving against Sprout Stock

0.43	WALD	Waldencast Acquisition	Pair Corr
0.48	XELAP	Exela Technologies	Pair Corr
0.36	EZFL	EzFill Holdings	Pair Corr

Related Correlations Analysis

	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD
AI		0.82	0.41	0.29	0.93	0.82	0.8	0.8	0.79	AI
SHOP	0.82		0.53	0.59	0.8	0.88	0.84	0.89	0.78	SHOP
WDAY	0.41	0.53		0.63	0.5	0.46	0.22	0.29	0.09	WDAY
INTU	0.29	0.59	0.63		0.32	0.58	0.49	0.59	0.4	INTU
SNOW	0.93	0.8	0.5	0.32		0.77	0.7	0.74	0.66	SNOW
TEAM	0.82	0.88	0.46	0.58	0.77		0.92	0.92	0.87	TEAM
ADSK	0.8	0.84	0.22	0.49	0.7	0.92		0.94	0.95	ADSK
NOW	0.8	0.89	0.29	0.59	0.74	0.92	0.94		0.92	NOW
TTD	0.79	0.78	0.09	0.4	0.66	0.87	0.95	0.92		TTD
	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sprout Stock performing well and Sprout Social 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 Sprout Social'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
AI	2.55	0.54	0.19	0.54	2.33	(2.78)	6.94	(5.04)	26.01
SHOP	1.95	0.53	0.27	0.56	1.57	(2.30)	4.91	(2.68)	26.26
WDAY	1.17	0.06	(0.04)	9.17	1.41	(1.24)	2.45	(1.91)	8.82
INTU	1.26	(0.09)	(0.05)	0.03	1.73	(1.34)	3.34	(2.37)	10.46
SNOW	2.08	0.46	0.27	0.34	1.59	(2.35)	4.20	(3.40)	34.99
TEAM	1.93	0.58	0.38	0.53	1.16	(2.52)	3.90	(2.40)	22.97
ADSK	1.15	0.05	0.04	0.15	1.85	(1.14)	2.46	(2.07)	6.06
NOW	1.40	0.22	0.16	0.31	1.26	(1.70)	3.04	(2.68)	8.12
TTD	1.49	0.21	0.10	0.32	1.76	(1.64)	3.36	(3.12)	12.33

Sprout Social Corporate Management

Gerard Murnaghan	VP EMEA	Profile
Jamie Gilpin	Chief Officer	Profile
Gilbert Lara	CoFounder Officer	Profile
Justyn Howard	Chairman CoFounder	Profile
Kristin Johnson	Vice Communications	Profile
Scott Morris	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC