Sensata Technologies Correlations

ST Stock

USD 33.55 0.37 1.12%

The current 90-days correlation between Sensata Technologies and OSI Systems is 0.36 (i.e., Weak diversification). The correlation of Sensata Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sensata Technologies Correlation With Market

Poor diversification

The correlation between Sensata Technologies Holding and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensata Technologies Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sensata Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sensata Technologies Holding. 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.

Moving together with Sensata Stock

0.68

EMR

Emerson Electric

Pair Corr

Moving against Sensata Stock

0.32

GTI

Graphjet Technology

Pair Corr

Related Correlations Analysis

	OSIS	ITRI	NOVT	VICR	BDC	BMI	VNT	PLXS	WK	BOX
OSIS		-0.55	0.19	0.74	-0.44	0.43	-0.63	0.3	0.59	-0.34	OSIS
ITRI	-0.55		0.07	-0.6	0.29	0.21	0.86	0.28	-0.34	0.78	ITRI
NOVT	0.19	0.07		0.41	0.33	0.47	0.2	0.01	-0.21	0.15	NOVT
VICR	0.74	-0.6	0.41		-0.44	0.29	-0.66	0.09	0.62	-0.54	VICR
BDC	-0.44	0.29	0.33	-0.44		0.16	0.69	-0.1	-0.77	0.47	BDC
BMI	0.43	0.21	0.47	0.29	0.16		0.23	0.36	0.06	0.33	BMI
VNT	-0.63	0.86	0.2	-0.66	0.69	0.23		0.14	-0.64	0.77	VNT
PLXS	0.3	0.28	0.01	0.09	-0.1	0.36	0.14		0.41	0.27	PLXS
WK	0.59	-0.34	-0.21	0.62	-0.77	0.06	-0.64	0.41		-0.41	WK
BOX	-0.34	0.78	0.15	-0.54	0.47	0.33	0.77	0.27	-0.41		BOX
	OSIS	ITRI	NOVT	VICR	BDC	BMI	VNT	PLXS	WK	BOX

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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

VNT	+ 0.86	ITRI
BOX	+ 0.78	ITRI
BOX	+ 0.77	VNT
VICR	+ 0.74	OSIS
VNT	+ 0.69	BDC
WK	+ 0.62	VICR

High negative correlations

WK	- 0.77	BDC
VNT	- 0.66	VICR
WK	- 0.64	VNT
VNT	- 0.63	OSIS
VICR	- 0.6	ITRI
ITRI	- 0.55	OSIS

Risk-Adjusted Indicators

There is a big difference between Sensata Stock performing well and Sensata Technologies 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 Sensata Technologies' 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
OSIS	1.95	0.08	0.06	0.11	2.33	(2.11)	4.28	(3.87)	20.11
ITRI	1.81	(0.37)	0.00	(0.18)	0.00	0.00	3.16	(4.16)	26.10
NOVT	2.43	(0.11)	0.00	0.03	4.23	(2.37)	4.21	(4.57)	27.31
VICR	3.12	0.98	0.30	0.87	2.56	(3.59)	7.38	(6.12)	36.51
BDC	1.34	(0.18)	0.00	(0.06)	0.00	0.00	2.78	(3.10)	6.96
BMI	1.43	(0.09)	0.00	(0.01)	0.00	0.00	2.96	(3.12)	9.51
VNT	1.20	(0.34)	0.00	(0.23)	0.00	0.00	2.43	(2.45)	14.20
PLXS	1.76	0.03	0.03	0.08	2.45	(1.82)	3.27	(3.96)	12.46
WK	1.67	0.24	0.12	0.33	1.71	(1.83)	4.02	(2.77)	10.25
BOX	1.03	(0.11)	0.00	(0.06)	0.00	0.00	2.76	(2.53)	7.81

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