Sprout Social Correlations

Sprout Social Correlation With Market

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.

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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    WK + 0.43 DAVA WK + 0.31 PGNY SITM + 0.28 GSHD DAVA + 0.16 PGNY GSHD + 0.03 DAVA

High negative correlations    SITM - 0.6 DAVA WK - 0.5 SITM GSHD - 0.47 PGNY SITM - 0.42 PGNY WK - 0.05 GSHD

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.