Sprouts Farmers Correlations

SFM Stock

USD 83.24 0.26 0.31%

The current 90-days correlation between Sprouts Farmers Market and Albertsons Companies is 0.28 (i.e., Modest 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

Average diversification

The correlation between Sprouts Farmers Market and DJI is 0.18 (i.e., Average 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.

Build AI portfolio with Sprouts Stock

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 price.

Moving together with Sprouts Stock

0.78	BJ	BJs Wholesale Club	Pair Corr
0.91	GO	Grocery Outlet Holding	Pair Corr
0.83	WNW	Meiwu Technology	Pair Corr
0.75	HFFG	Hf Foods Group	Pair Corr
0.8	COST	Costco Wholesale Corp	Pair Corr
0.84	AUR	Aurora Innovation Aggressive Push	Pair Corr

Moving against Sprouts Stock

0.6	NVDA	NVIDIA	Pair Corr
0.58	L	Loblaw Companies	Pair Corr
0.58	TBBB	BBB Foods	Pair Corr
0.54	301408	Anhui Huaren Health	Pair Corr
0.53	WN	George Weston Limited	Pair Corr
0.41	UNFI	United Natural Foods	Pair Corr
0.82	F	Ford Motor	Pair Corr
0.8	PRTA	Prothena plc	Pair Corr
0.75	CTMCF	Canterra Minerals	Pair Corr
0.66	MUR	Murphy Oil	Pair Corr
0.58	PFG	Principal Financial	Pair Corr
0.54	FULC	Fulcrum Therapeutics Trending	Pair Corr
0.5	MPW	Medical Properties Trust	Pair Corr
0.45	RIVN	Rivian Automotive	Pair Corr
0.41	CRI	Carters	Pair Corr

Related Correlations Analysis

	ACI	CAG	SFD	CPB	OLLI	TAP	INGR	LW	PPC
ACI		0.29	-0.03	0.23	-0.07	0.42	0.28	0.22	0.04	ACI
CAG	0.29		0.58	0.7	0.54	0.59	0.84	-0.03	0.68	CAG
SFD	-0.03	0.58		0.8	0.76	0.29	0.66	-0.57	0.89	SFD
CPB	0.23	0.7	0.8		0.74	0.48	0.64	-0.51	0.77	CPB
OLLI	-0.07	0.54	0.76	0.74		0.27	0.64	-0.46	0.68	OLLI
TAP	0.42	0.59	0.29	0.48	0.27		0.32	-0.19	0.52	TAP
INGR	0.28	0.84	0.66	0.64	0.64	0.32		0.02	0.66	INGR
LW	0.22	-0.03	-0.57	-0.51	-0.46	-0.19	0.02		-0.55	LW
PPC	0.04	0.68	0.89	0.77	0.68	0.52	0.66	-0.55		PPC
	ACI	CAG	SFD	CPB	OLLI	TAP	INGR	LW	PPC

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

PPC	+ 0.89	SFD
INGR	+ 0.84	CAG
CPB	+ 0.8	SFD
PPC	+ 0.77	CPB
OLLI	+ 0.76	SFD
OLLI	+ 0.74	CPB

High negative correlations

LW	- 0.57	SFD
PPC	- 0.55	LW
LW	- 0.51	CPB
LW	- 0.46	OLLI
LW	- 0.19	TAP
OLLI	- 0.07	ACI

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
ACI	1.23	(0.17)	0.00	(0.37)	0.00	0.00	2.34	(2.36)	16.11
CAG	1.16	(0.17)	0.00	(0.83)	0.00	0.00	2.24	(2.42)	9.30
SFD	1.02	(0.14)	0.00	(0.24)	0.00	0.00	2.19	(2.19)	8.32
CPB	1.28	(0.25)	0.00	(1.66)	0.00	0.00	2.26	(3.32)	6.60
OLLI	1.71	(0.27)	0.00	(0.22)	0.00	0.00	3.59	(3.31)	9.96
TAP	1.25	(0.13)	0.00	(5.57)	0.00	0.00	2.75	(2.55)	7.61
INGR	0.79	(0.30)	0.00	(0.73)	0.00	0.00	1.28	(1.68)	7.56
LW	1.46	(0.01)	(0.01)	0.04	1.58	(1.71)	4.32	(2.73)	10.42
PPC	1.10	(0.25)	0.00	(1.55)	0.00	0.00	1.76	(2.63)	7.16

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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