Sprouts Farmers Correlations

SFM Stock

USD 131.43 0.00 0.00%

The current 90-days correlation between Sprouts Farmers Market and Albertsons Companies is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sprouts Farmers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprouts Farmers Market moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sprouts Farmers Correlation With Market

Modest diversification

The correlation between Sprouts Farmers Market and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sprouts Farmers Market 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 Sprouts Farmers Market. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Sprouts Stock

0.8	BJ	BJs Wholesale Club	Pair Corr
0.7	GO	Grocery Outlet Holding	Pair Corr
0.81	KR	Kroger Company	Pair Corr
0.76	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.62	WILC	G Willi Food	Pair Corr
0.77	ACI	Albertsons Companies	Pair Corr
0.8	DDL	Dingdong ADR	Pair Corr
0.79	WMK	Weis Markets	Pair Corr
0.81	WMT	Walmart	Pair Corr
0.73	HITI	High Tide	Pair Corr
0.86	NGVC	Natural Grocers by	Pair Corr
0.91	PFGC	Performance Food	Pair Corr
0.93	CASY	Caseys General Stores	Pair Corr
0.65	CHEF	Chefs Warehouse	Pair Corr
0.82	COST	Costco Wholesale Corp	Pair Corr
0.72	UNFI	United Natural Foods	Pair Corr

Moving against Sprouts Stock

0.72	DG	Dollar General	Pair Corr
0.72	EXTO	Almacenes xito SA	Pair Corr
0.68	TGT	Target	Pair Corr
0.64	MSS	Maison Solutions	Pair Corr
0.63	DTCK	Davis Commodities	Pair Corr
0.37	YI	111 Inc	Pair Corr
0.9	LFLY	Leafly Holdings	Pair Corr
0.82	SPTN	SpartanNash	Pair Corr
0.74	HCWC	Healthy Choice Wellness	Pair Corr
0.51	ASAI	Sendas Distribuidora	Pair Corr
0.31	ANDE	Andersons	Pair Corr
0.89	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.79	EL	Estee Lauder Companies	Pair Corr
0.78	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.77	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	ASAI	NGVC	ACI	IMKTA	VLGEA	WMK	GO	KR	DNUT
ASAI		-0.62	-0.57	0.03	-0.37	-0.33	-0.23	-0.72	0.77	ASAI
NGVC	-0.62		0.78	0.63	0.61	0.76	0.76	0.88	-0.5	NGVC
ACI	-0.57	0.78		0.54	0.68	0.75	0.6	0.83	-0.36	ACI
IMKTA	0.03	0.63	0.54		0.66	0.83	0.67	0.52	-0.08	IMKTA
VLGEA	-0.37	0.61	0.68	0.66		0.88	0.6	0.73	-0.33	VLGEA
WMK	-0.33	0.76	0.75	0.83	0.88		0.75	0.76	-0.25	WMK
GO	-0.23	0.76	0.6	0.67	0.6	0.75		0.58	-0.2	GO
KR	-0.72	0.88	0.83	0.52	0.73	0.76	0.58		-0.56	KR
DNUT	0.77	-0.5	-0.36	-0.08	-0.33	-0.25	-0.2	-0.56		DNUT
	ASAI	NGVC	ACI	IMKTA	VLGEA	WMK	GO	KR	DNUT

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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

KR	+ 0.88	NGVC
WMK	+ 0.88	VLGEA
KR	+ 0.83	ACI
WMK	+ 0.83	IMKTA
ACI	+ 0.78	NGVC
DNUT	+ 0.77	ASAI

High negative correlations

KR	- 0.72	ASAI
NGVC	- 0.62	ASAI
ACI	- 0.57	ASAI
DNUT	- 0.56	KR
DNUT	- 0.5	NGVC
VLGEA	- 0.37	ASAI

Risk-Adjusted Indicators

There is a big difference between Sprouts Stock performing well and Sprouts Farmers 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 Sprouts Farmers' 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
ASAI	3.39	(0.62)	0.00	(0.42)	0.00	0.00	4.83	(8.32)	23.54
NGVC	2.56	0.50	0.19	0.24	2.44	(2.95)	6.28	(3.37)	31.76
ACI	1.08	0.08	0.05	0.19	1.12	(1.29)	2.60	(2.02)	7.55
IMKTA	1.47	(0.18)	0.00	(0.10)	0.00	0.00	3.11	(4.43)	9.45
VLGEA	1.58	(0.03)	0.00	0.02	1.95	(1.57)	2.97	(3.17)	17.87
WMK	1.25	(0.02)	(0.01)	0.02	1.55	(1.25)	2.76	(2.27)	12.22
GO	2.70	(0.06)	0.00	0.01	4.18	(2.73)	5.45	(5.23)	21.42
KR	1.06	0.13	0.10	0.25	0.96	(1.21)	2.12	(1.96)	7.08
DNUT	1.56	(0.28)	0.00	(0.59)	0.00	0.00	2.52	(3.41)	9.13

Sprouts Farmers Corporate Management

David McGlinchey	Chief Merchandising Office	Profile
Stacy Hilgendorf	Controller VP	Profile
Timmi Zalatoris	Chief Officer	Profile
JD Esq	Chief Secretary	Profile
Dustin Hamilton	Chief Officer	Profile

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