SPS Commerce Correlations

SPSC Stock

USD 87.91 1.22 1.37%

The current 90-days correlation between SPS Commerce and Euronet Worldwide is 0.11 (i.e., Average diversification). The correlation of SPS Commerce is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

SPS Commerce Correlation With Market

Average diversification

The correlation between SPS Commerce and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPS Commerce and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SPS Stock

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

For information on how to trade SPS Stock refer to our How to Trade SPS Stock guide.

Moving together with SPS Stock

0.89	JG	Aurora Mobile	Pair Corr
0.69	RXT	Rackspace Technology	Pair Corr
0.85	SAP	SAP SE ADR	Pair Corr
0.78	TTD	Trade Desk	Pair Corr
0.72	CLSK	CleanSpark Buyout Trend	Pair Corr
0.72	UPLD	Upland Software	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.74	HD	Home Depot	Pair Corr

Moving against SPS Stock

0.87	PTITF	PT Indosat Tbk	Pair Corr
0.83	EC	Ecopetrol SA ADR	Pair Corr
0.8	TLK	Telkom Indonesia Tbk	Pair Corr
0.74	KEP	Korea Electric Power	Pair Corr
0.59	PTAIY	Astra International Tbk	Pair Corr
0.58	MGIC	Magic Software Enter	Pair Corr
0.41	RDZN	Roadzen Tech Boost	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.34	ZM	Zoom Video Communications	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.68	CAT	Caterpillar	Pair Corr
0.61	IBM	International Business	Pair Corr
0.61	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.59	MMM	3M Company	Pair Corr
0.55	FTV	Fortive Corp	Pair Corr
0.54	AXP	American Express	Pair Corr
0.5	MRK	Merck Company	Pair Corr
0.49	JNJ	Johnson Johnson	Pair Corr
0.45	ADAMI	New York Mortgage Symbol Change	Pair Corr

Related Correlations Analysis

	EEFT	PAGS	WRD	AVPT	BB	DOCN	YOU	BLKB	NSIT	ODD
EEFT		-0.49	0.78	0.86	0.45	-0.66	-0.53	0.62	0.78	0.89	EEFT
PAGS	-0.49		-0.38	-0.46	-0.39	0.44	0.46	-0.28	-0.56	-0.35	PAGS
WRD	0.78	-0.38		0.84	0.63	-0.64	-0.74	0.69	0.78	0.78	WRD
AVPT	0.86	-0.46	0.84		0.56	-0.65	-0.57	0.74	0.74	0.79	AVPT
BB	0.45	-0.39	0.63	0.56		-0.64	-0.6	0.35	0.78	0.56	BB
DOCN	-0.66	0.44	-0.64	-0.65	-0.64		0.69	-0.37	-0.82	-0.72	DOCN
YOU	-0.53	0.46	-0.74	-0.57	-0.6	0.69		-0.32	-0.79	-0.59	YOU
BLKB	0.62	-0.28	0.69	0.74	0.35	-0.37	-0.32		0.44	0.5	BLKB
NSIT	0.78	-0.56	0.78	0.74	0.78	-0.82	-0.79	0.44		0.81	NSIT
ODD	0.89	-0.35	0.78	0.79	0.56	-0.72	-0.59	0.5	0.81		ODD
	EEFT	PAGS	WRD	AVPT	BB	DOCN	YOU	BLKB	NSIT	ODD

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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

ODD	+ 0.89	EEFT
AVPT	+ 0.86	EEFT
AVPT	+ 0.84	WRD
ODD	+ 0.81	NSIT
ODD	+ 0.79	AVPT
WRD	+ 0.78	EEFT

High negative correlations

NSIT	- 0.82	DOCN
NSIT	- 0.79	YOU
YOU	- 0.74	WRD
ODD	- 0.72	DOCN
DOCN	- 0.66	EEFT
DOCN	- 0.65	AVPT

Risk-Adjusted Indicators

There is a big difference between SPS Stock performing well and SPS Commerce 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 SPS Commerce'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
EEFT	1.19	(0.29)	0.00	(0.38)	0.00	0.00	2.04	(2.64)	11.50
PAGS	2.09	(0.09)	(0.02)	0.00	2.72	(2.16)	4.75	(4.93)	11.71
WRD	3.63	(0.14)	(0.01)	0.01	4.88	(3.79)	8.18	(6.66)	27.07
AVPT	1.78	(0.24)	0.00	(0.13)	0.00	0.00	3.04	(4.22)	18.33
BB	2.08	(0.40)	0.00	(0.33)	0.00	0.00	3.37	(3.61)	19.60
DOCN	2.86	0.52	0.19	0.39	2.56	(3.45)	7.17	(4.19)	24.58
YOU	2.19	0.05	0.01	0.11	2.30	(2.77)	5.49	(3.97)	18.67
BLKB	1.51	(0.14)	0.00	(0.18)	0.00	0.00	2.42	(4.08)	11.64
NSIT	1.38	(0.50)	0.00	(0.46)	0.00	0.00	2.32	(3.62)	7.16
ODD	2.25	(0.72)	0.00	(0.52)	0.00	0.00	3.98	(5.12)	15.92

SPS Commerce Corporate Management

Erica Koenig	Senior Officer	Profile
Karin MBA	VP Officer	Profile
Michael Svatek	Senior Officer	Profile
Dan Juckniess	Senior Officer	Profile
Daniel Juckniess	Executive Officer	Profile

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