Shutterstock Correlations

SSTK Stock

USD 18.26 0.01 0.05%

The current 90-days correlation between Shutterstock and EverQuote Class A is 0.1 (i.e., Average 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 0.46 (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.

Build AI portfolio with Shutterstock Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shutterstock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Shutterstock Stock please use our How to buy in Shutterstock Stock guide.

Moving together with Shutterstock Stock

0.78	YQ	17 Education Technology	Pair Corr
0.7	WBTN	WEBTOON Entertainment	Pair Corr
0.71	IPM	Intelligent Protection Symbol Change	Pair Corr
0.72	FDV	Frontier Digital Ventures	Pair Corr
0.79	GETY	Getty Images Holdings	Pair Corr
0.62	GITS	Global Interactive	Pair Corr
0.68	YELP	Yelp Inc	Pair Corr

Moving against Shutterstock Stock

0.86	EVER	EverQuote Class A	Pair Corr
0.74	MH	McGraw Hill,	Pair Corr
0.73	EB	Eventbrite Class A	Pair Corr
0.67	IAC	IAC Inc	Pair Corr
0.65	IMAQR	International Media	Pair Corr
0.49	BILD	Builddirect Tehcnologies	Pair Corr
0.31	IMAQW	International Media	Pair Corr
0.63	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.58	MAX	MediaAlpha	Pair Corr

Related Correlations Analysis

	EVER	ATHM	GETY	FVRR	DLX	NXDR	GRPN	SMWB	MAX	ANGI
EVER		-0.72	-0.86	-0.61	0.85	0.03	-0.71	-0.69	0.85	-0.42	EVER
ATHM	-0.72		0.88	0.9	-0.64	0.23	0.93	0.92	-0.68	0.8	ATHM
GETY	-0.86	0.88		0.8	-0.77	0.14	0.86	0.89	-0.73	0.64	GETY
FVRR	-0.61	0.9	0.8		-0.59	0.21	0.89	0.91	-0.51	0.81	FVRR
DLX	0.85	-0.64	-0.77	-0.59		0.32	-0.65	-0.69	0.65	-0.27	DLX
NXDR	0.03	0.23	0.14	0.21	0.32		0.19	0.13	-0.06	0.61	NXDR
GRPN	-0.71	0.93	0.86	0.89	-0.65	0.19		0.91	-0.59	0.78	GRPN
SMWB	-0.69	0.92	0.89	0.91	-0.69	0.13	0.91		-0.53	0.75	SMWB
MAX	0.85	-0.68	-0.73	-0.51	0.65	-0.06	-0.59	-0.53		-0.4	MAX
ANGI	-0.42	0.8	0.64	0.81	-0.27	0.61	0.78	0.75	-0.4		ANGI
	EVER	ATHM	GETY	FVRR	DLX	NXDR	GRPN	SMWB	MAX	ANGI

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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

GRPN	+ 0.93	ATHM
SMWB	+ 0.92	ATHM
SMWB	+ 0.91	FVRR
SMWB	+ 0.91	GRPN
FVRR	+ 0.9	ATHM
SMWB	+ 0.89	GETY

High negative correlations

GETY	- 0.86	EVER
DLX	- 0.77	GETY
MAX	- 0.73	GETY
ATHM	- 0.72	EVER
GRPN	- 0.71	EVER
SMWB	- 0.69	DLX

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
EVER	1.91	0.14	0.05	0.23	2.05	(1.96)	4.31	(3.22)	12.23
ATHM	1.23	(0.35)	0.00	(0.41)	0.00	0.00	1.82	(3.06)	6.79
GETY	3.24	(0.76)	0.00	(0.30)	0.00	0.00	7.09	(7.35)	22.29
FVRR	1.84	(0.44)	0.00	(0.26)	0.00	0.00	2.61	(4.24)	10.84
DLX	1.48	0.21	0.11	0.34	1.52	(1.76)	2.89	(2.39)	18.48
NXDR	3.13	(0.07)	0.01	0.04	3.69	(4.09)	8.06	(5.73)	40.31
GRPN	2.86	(0.47)	0.00	(0.11)	0.00	0.00	5.13	(7.67)	18.61
SMWB	2.29	(0.57)	0.00	(0.26)	0.00	0.00	3.90	(6.12)	14.34
MAX	2.05	(0.03)	0.00	0.06	2.19	(2.43)	6.39	(3.57)	15.83
ANGI	2.23	(0.49)	0.00	(0.25)	0.00	0.00	4.27	(5.38)	12.67

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