Sprouts Farmers Correlations

SFM Stock

USD 140.65 0.21 0.15%

The current 90-days correlation between Sprouts Farmers Market and Albertsons Companies is -0.04 (i.e., Good 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 0.26 (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

0.78	WMT	Walmart Aggressive Push	Pair Corr
0.67	TBBB	BBB Foods	Pair Corr
0.84	KR	Kroger Company	Pair Corr
0.93	LW	Lamb Weston Holdings	Pair Corr
0.61	PM	Philip Morris Intern	Pair Corr
0.8	VINE	Fresh Grapes LLC	Pair Corr

Moving against Sprouts Stock

0.83	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.77	BG	Bunge Limited	Pair Corr
0.7	GO	Grocery Outlet Holding	Pair Corr
0.67	DLTR	Dollar Tree	Pair Corr
0.61	DG	Dollar General	Pair Corr
0.6	EL	Estee Lauder Companies	Pair Corr
0.58	KO	Coca Cola Sell-off Trend	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.44	WNW	Meiwu Technology	Pair Corr
0.34	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.86	EDBL	Edible Garden AG Earnings Call This Week	Pair Corr
0.8	FARM	Farmer Bros	Pair Corr
0.79	WVVI	Willamette Valley Earnings Call Shortly	Pair Corr
0.75	ADM	Archer Daniels Midland	Pair Corr
0.69	CENTA	Central Garden Pet Fiscal Year End 18th of November 2024	Pair Corr
0.63	WEST	Westrock Coffee	Pair Corr
0.6	IMKTA	Ingles Markets	Pair Corr
0.59	BRBMF	Big Rock Brewery Earnings Call This Week	Pair Corr
0.54	EAST	Eastside Distilling Earnings Call This Week	Pair Corr
0.49	ACI	Albertsons Companies	Pair Corr
0.43	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	ASAI	NGVC	ACI	IMKTA	VLGEA	WMK	GO	KR	DNUT
ASAI		-0.53	0.75	0.78	-0.17	0.16	0.76	-0.81	-0.33	ASAI
NGVC	-0.53		-0.49	0.0	0.65	0.6	-0.57	0.7	0.73	NGVC
ACI	0.75	-0.49		0.48	-0.18	-0.01	0.69	-0.57	-0.34	ACI
IMKTA	0.78	0.0	0.48		0.27	0.64	0.54	-0.49	-0.04	IMKTA
VLGEA	-0.17	0.65	-0.18	0.27		0.63	-0.2	0.17	0.57	VLGEA
WMK	0.16	0.6	-0.01	0.64	0.63		0.13	0.16	0.33	WMK
GO	0.76	-0.57	0.69	0.54	-0.2	0.13		-0.57	-0.54	GO
KR	-0.81	0.7	-0.57	-0.49	0.17	0.16	-0.57		0.41	KR
DNUT	-0.33	0.73	-0.34	-0.04	0.57	0.33	-0.54	0.41		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

IMKTA	+ 0.78	ASAI
GO	+ 0.76	ASAI
ACI	+ 0.75	ASAI
DNUT	+ 0.73	NGVC
KR	+ 0.7	NGVC
GO	+ 0.69	ACI

High negative correlations

KR	- 0.81	ASAI
KR	- 0.57	GO
KR	- 0.57	ACI
GO	- 0.57	NGVC
DNUT	- 0.54	GO
NGVC	- 0.53	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	2.80	(0.63)	0.00	(0.72)	0.00	0.00	4.89	(6.90)	14.97
NGVC	2.06	0.29	0.13	0.35	2.68	(2.29)	4.41	(3.47)	16.25
ACI	1.15	(0.11)	(0.13)	0.00	1.30	(1.32)	2.62	(2.18)	5.61
IMKTA	1.30	(0.27)	0.00	(0.04)	0.00	0.00	2.48	(4.43)	9.24
VLGEA	1.50	0.01	0.08	0.18	1.46	(1.68)	4.07	(2.66)	10.00
WMK	1.26	(0.08)	(0.03)	0.11	1.40	(1.40)	2.77	(2.39)	7.42
GO	2.39	(0.45)	0.00	(0.09)	0.00	0.00	5.24	(4.46)	22.16
KR	1.06	0.06	(0.02)	0.28	0.96	(1.18)	1.99	(1.96)	9.23
DNUT	1.92	0.20	0.12	0.35	1.72	(2.20)	3.76	(3.09)	16.93

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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