Sprout Social, Inc Class A Common Stock (SPT) Correlation Distribution
Across 6,809 rolling correlation observations between Sprout Social, Inc Class A Common Stock (SPT) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.7% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.247
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 12.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 191 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 393 | 5.8% | |
| 0.2 to 0.3 | 393 | 5.8% | |
| 0.3 to 0.4 | 625 | 9.2% | |
| 0.4 to 0.5 | 625 | 9.2% | |
| 0.5 to 0.6 | 828 | 12.2% | |
| 0.6 to 0.7 | 828 | 12.2% | |
| 0.7 to 0.8 | 423 | 6.2% | |
| 0.8 to 0.9 | 422 | 6.2% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of SPT?
Sprout Social, Inc Class A Common Stock (SPT) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPT positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 12.7%.
What is the most common correlation range for SPT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.4% of all pairs.
Explore the full interactive correlation distribution for SPT.
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