Shutterstock Correlations

SSTK Stock

USD 19.80 0.05 0.25%

The current 90-days correlation between Shutterstock and EverQuote Class A is 0.06 (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 good diversification

The correlation between Shutterstock and DJI is -0.45 (i.e., Very good 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 population.

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

Moving together with Shutterstock Stock

0.9	AUTO	Auto Trader Group	Pair Corr
0.86	EGLX	Enthusiast Gaming	Pair Corr
0.68	PIFMY	Indofood Sukses Makmur	Pair Corr
0.71	MMC	MMC Old Symbol Change	Pair Corr
0.73	ATMV	ATMV Old Symbol Change	Pair Corr

Moving against Shutterstock Stock

0.79	LSBK	Lake Shore Bancorp	Pair Corr
0.75	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.75	CARS	Cars Inc	Pair Corr
0.53	PTAIY	Astra International Tbk	Pair Corr
0.48	PHJMF	PT Hanjaya Mandala	Pair Corr
0.47	AXIA	AXIA Energia Symbol Change	Pair Corr
0.4	PUTKY	United Tractors Tbk	Pair Corr
0.36	EC	Ecopetrol SA ADR	Pair Corr
0.34	SHO	Sportshero	Pair Corr
0.78	VFC	VF Corporation	Pair Corr
0.68	GPHOF	Graphite One	Pair Corr
0.67	ACN	Accenture plc	Pair Corr
0.67	CZNC	Citizens Northern Corp Normal Trading	Pair Corr
0.64	FNCHF	FINEOSHoldings Plc	Pair Corr
0.59	ADHI	Arsenal Digital Holdings	Pair Corr
0.58	KGC	Kinross Gold	Pair Corr
0.55	REX	REX American Resources	Pair Corr
0.48	ARRJF	Arjo AB	Pair Corr
0.41	ITNF	Internet Infinity	Pair Corr
0.35	FTAI	FTAI Aviation	Pair Corr
0.33	LILIF	Argentina Lithium Energy	Pair Corr

Related Correlations Analysis

	EVER	ATHM	GETY	FVRR	DLX	NXDR	GRPN	SMWB	MAX	ANGI
EVER		-0.63	-0.57	-0.06	0.31	0.27	-0.37	-0.12	0.52	-0.1	EVER
ATHM	-0.63		0.72	0.34	-0.41	-0.11	0.69	0.46	-0.07	0.14	ATHM
GETY	-0.57	0.72		0.74	-0.76	-0.24	0.76	0.81	0.26	-0.06	GETY
FVRR	-0.06	0.34	0.74		-0.81	-0.16	0.7	0.91	0.66	-0.14	FVRR
DLX	0.31	-0.41	-0.76	-0.81		0.46	-0.69	-0.85	-0.46	0.36	DLX
NXDR	0.27	-0.11	-0.24	-0.16	0.46		-0.15	-0.18	0.04	0.63	NXDR
GRPN	-0.37	0.69	0.76	0.7	-0.69	-0.15		0.77	0.44	0.05	GRPN
SMWB	-0.12	0.46	0.81	0.91	-0.85	-0.18	0.77		0.62	-0.14	SMWB
MAX	0.52	-0.07	0.26	0.66	-0.46	0.04	0.44	0.62		-0.12	MAX
ANGI	-0.1	0.14	-0.06	-0.14	0.36	0.63	0.05	-0.14	-0.12		ANGI
	EVER	ATHM	GETY	FVRR	DLX	NXDR	GRPN	SMWB	MAX	ANGI

Please upgrade your account to get full access to Macroaxis premium features

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

SMWB	+ 0.91	FVRR
SMWB	+ 0.81	GETY
SMWB	+ 0.77	GRPN
GRPN	+ 0.76	GETY
FVRR	+ 0.74	GETY
GETY	+ 0.72	ATHM

High negative correlations

SMWB	- 0.85	DLX
DLX	- 0.81	FVRR
DLX	- 0.76	GETY
GRPN	- 0.69	DLX
ATHM	- 0.63	EVER
GETY	- 0.57	EVER

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	1.93	0.18	0.06	0.69	2.14	(2.01)	4.31	(3.84)	14.16
ATHM	1.39	(0.21)	0.00	(0.32)	0.00	0.00	2.84	(3.43)	7.71
GETY	2.41	(0.68)	0.00	(2.27)	0.00	0.00	5.51	(6.63)	18.86
FVRR	1.84	(0.52)	0.00	(0.39)	0.00	0.00	3.22	(4.82)	11.60
DLX	1.77	0.57	0.31	7.31	1.33	(2.20)	4.24	(2.39)	18.48
NXDR	3.06	(0.01)	0.00	0.03	3.69	(4.10)	8.06	(5.73)	40.31
GRPN	2.74	(0.59)	0.00	(0.34)	0.00	0.00	5.05	(6.87)	18.61
SMWB	2.46	(0.73)	0.00	19.12	0.00	0.00	3.90	(6.53)	15.47
MAX	1.94	(0.17)	0.00	(0.14)	0.00	0.00	4.25	(3.46)	17.70
ANGI	2.38	(0.12)	0.00	(0.08)	0.00	0.00	4.29	(4.24)	18.99

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC