Shutterstock Correlations
| SSTK Stock | USD 20.82 0.07 0.34% |
The current 90-days correlation between Shutterstock and United Utilities Group is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shutterstock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shutterstock moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Shutterstock Correlation With Market
Very weak diversification
The correlation between Shutterstock and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shutterstock and DJI in the same portfolio, assuming nothing else is changed.
Shutterstock | Build AI portfolio with Shutterstock Stock |
Moving together with Shutterstock Stock
| 0.65 | YQ | 17 Education Technology | PairCorr |
| 0.75 | RGRLF | Star Phoenix Group | PairCorr |
| 0.62 | DVLT | Datavault AI Symbol Change | PairCorr |
Moving against Shutterstock Stock
| 0.62 | CDP | COPT Defense Properties | PairCorr |
| 0.6 | CARS | Cars Inc | PairCorr |
| 0.36 | NGRRF | Nagarro SE | PairCorr |
| 0.35 | CLLFF | Collins Foods Limited Earnings Call This Week | PairCorr |
| 0.31 | SHO | Sportshero | PairCorr |
| 0.43 | PREC | Prestige Cars Intern | PairCorr |
| 0.37 | TVTV | WhereverTV Broadcasting | PairCorr |
| 0.35 | 594918CE2 | MICROSOFT PORATION | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | -1.0 | SYNJ | ||
| 0.0 | -0.15 | 0.0 | 0.63 | 0.5 | 0.0 | HTOCF | ||
| 0.0 | -0.15 | 0.0 | 0.02 | -0.44 | 0.0 | UUGWF | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1.0 | GBCEY | ||
| 0.0 | 0.63 | 0.02 | 0.0 | 0.19 | 0.0 | WTRG | ||
| 0.0 | 0.5 | -0.44 | 0.0 | 0.19 | 0.0 | CGIFF | ||
| -1.0 | 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | PKSGY | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Shutterstock Stock performing well and Shutterstock 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 Shutterstock'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYNJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTOCF | 0.09 | 0.03 | 0.00 | 3.92 | 0.00 | 0.00 | 1.52 | |||
| UUGWF | 0.23 | 0.05 | 0.00 | 0.39 | 0.00 | 0.00 | 4.16 | |||
| GBCEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WTRG | 1.14 | 0.01 | (0.04) | (0.14) | 1.34 | 2.22 | 5.63 | |||
| CGIFF | 0.99 | 0.09 | 0.02 | 1.25 | 1.48 | 2.27 | 12.81 | |||
| PKSGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |