Sprouts Farmers Market, Inc. (SFM) Correlation Distribution
Across 6,809 rolling correlation observations between Sprouts Farmers Market, Inc. (SFM) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.078, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,809
- Mean correlation
- -0.078
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 15%
- Sector
- Retail-Grocery Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 227 | 3.3% | |
| -0.8 to -0.7 | 226 | 3.3% | |
| -0.7 to -0.6 | 697 | 10.2% | |
| -0.6 to -0.5 | 696 | 10.2% | |
| -0.5 to -0.4 | 756 | 11.1% | |
| -0.4 to -0.3 | 755 | 11.1% | |
| -0.3 to -0.2 | 313 | 4.6% | |
| -0.2 to -0.1 | 312 | 4.6% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 252 | 3.7% | |
| 0.7 to 0.8 | 403 | 5.9% | |
| 0.8 to 0.9 | 403 | 5.9% | |
| 0.9 to 1.0 | 216 | 3.2% |
Frequently asked questions
What is the average correlation of SFM?
Sprouts Farmers Market, Inc. (SFM) has an average correlation of about -0.078 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SFM positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for SFM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for SFM.
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