Sensient Technologies Correlations

SXT Stock

USD 93.62 1.20 1.27%

The current 90-days correlation between Sensient Technologies and Sasol is 0.11 (i.e., Average diversification). The correlation of Sensient 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.

Sensient Technologies Correlation With Market

Weak diversification

The correlation between Sensient Technologies and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensient Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sensient Stock

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

For more information on how to buy Sensient Stock please use our How to Invest in Sensient Technologies guide.

Moving against Sensient Stock

0.4	301190	Jiujiang Shanshui	Pair Corr
0.36	300073	Beijing Easpring Material	Pair Corr
0.31	688363	Bloomage Biotechnology	Pair Corr
0.39	300848	Miracll Chemicals	Pair Corr
0.36	688398	Fujian SuperTech Advanced	Pair Corr
0.34	LWLG	Lightwave Logic	Pair Corr
0.33	603826	Fujian Kuncai Material	Pair Corr
0.32	CNO	California Nanotechnologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SSL	CBT	PRM	FUL	CE	AVNT	BCPC	HWKN	WDFC	KNF
SSL		-0.65	0.39	-0.27	-0.31	-0.51	0.45	-0.65	0.24	0.2	SSL
CBT	-0.65		-0.45	0.54	0.71	0.8	-0.38	0.9	-0.06	-0.27	CBT
PRM	0.39	-0.45		0.18	0.05	-0.24	0.52	-0.63	0.34	0.8	PRM
FUL	-0.27	0.54	0.18		0.69	0.73	0.34	0.42	0.56	0.25	FUL
CE	-0.31	0.71	0.05	0.69		0.64	-0.02	0.58	0.21	0.21	CE
AVNT	-0.51	0.8	-0.24	0.73	0.64		-0.07	0.69	0.11	-0.18	AVNT
BCPC	0.45	-0.38	0.52	0.34	-0.02	-0.07		-0.55	0.78	0.22	BCPC
HWKN	-0.65	0.9	-0.63	0.42	0.58	0.69	-0.55		-0.21	-0.35	HWKN
WDFC	0.24	-0.06	0.34	0.56	0.21	0.11	0.78	-0.21		0.23	WDFC
KNF	0.2	-0.27	0.8	0.25	0.21	-0.18	0.22	-0.35	0.23		KNF
	SSL	CBT	PRM	FUL	CE	AVNT	BCPC	HWKN	WDFC	KNF

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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

HWKN	+ 0.9	CBT
AVNT	+ 0.8	CBT
KNF	+ 0.8	PRM
WDFC	+ 0.78	BCPC
AVNT	+ 0.73	FUL
CE	+ 0.71	CBT

High negative correlations

HWKN	- 0.65	SSL
CBT	- 0.65	SSL
HWKN	- 0.63	PRM
HWKN	- 0.55	BCPC
AVNT	- 0.51	SSL
PRM	- 0.45	CBT

Risk-Adjusted Indicators

There is a big difference between Sensient Stock performing well and Sensient 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 Sensient 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
SSL	2.20	0.04	0.01	0.12	2.91	(2.17)	3.56	(4.58)	24.15
CBT	1.33	(0.14)	0.00	(0.14)	0.00	0.00	3.68	(2.77)	8.45
PRM	2.00	0.37	0.13	0.52	2.24	(2.09)	3.86	(3.23)	30.19
FUL	1.11	(0.01)	(0.01)	0.05	1.21	(1.32)	3.14	(2.12)	6.81
CE	2.33	(0.06)	(0.02)	0.01	2.95	(2.43)	4.73	(5.28)	19.88
AVNT	1.33	(0.10)	(0.04)	0.00	1.72	(1.37)	3.26	(2.88)	8.87
BCPC	0.97	0.07	0.04	0.21	0.85	(1.22)	2.35	(1.50)	6.14
HWKN	1.78	(0.40)	0.00	(0.19)	0.00	0.00	3.29	(4.45)	12.35
WDFC	1.17	0.02	(0.01)	0.13	1.51	(1.23)	2.77	(1.95)	8.81
KNF	1.66	(0.02)	0.00	0.05	1.64	(2.18)	3.40	(3.03)	12.16

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