Senseonics Holdings Correlations

SENS Stock

USD 0.50 0.01 2.04%

The current 90-days correlation between Senseonics Holdings and Unum Group is 0.56 (i.e., Very weak diversification). The correlation of Senseonics Holdings 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.

Senseonics Holdings Correlation With Market

Poor diversification

The correlation between Senseonics Holdings and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Senseonics Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Senseonics Stock

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

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

Moving together with Senseonics Stock

0.79	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.7	TFX	Teleflex Incorporated	Pair Corr
0.7	GCTK	GlucoTrack	Pair Corr
0.63	LNSR	LENSAR Inc	Pair Corr
0.66	NUWE	Nuwellis	Pair Corr
0.64	TMCI	Treace Medical Concepts	Pair Corr
0.72	VALN	Valneva SE ADR	Pair Corr
0.7	DYAI	Dyadic International	Pair Corr

Moving against Senseonics Stock

0.73	NYXH	Nyxoah	Pair Corr
0.69	DH	Definitive Healthcare	Pair Corr
0.65	XTNT	Xtant Medical Holdings	Pair Corr
0.6	CAH	Cardinal Health	Pair Corr
0.57	FIGS	Figs Inc	Pair Corr
0.57	RDNT	RadNet Inc	Pair Corr
0.55	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.52	NVNO	enVVeno Medical Corp	Pair Corr
0.51	MODV	ModivCare	Pair Corr
0.51	HSCSW	Heart Test Laboratories	Pair Corr
0.4	MASS	908 Devices	Pair Corr
0.39	JYNT	Joint Corp	Pair Corr
0.66	DRTS	Alpha Tau Medical	Pair Corr
0.64	ADUS	Addus HomeCare	Pair Corr
0.54	STRM	Streamline Health	Pair Corr
0.44	NVS	Novartis AG ADR	Pair Corr
0.44	SLS	Sellas Life Sciences	Pair Corr
0.43	DNA	Ginkgo Bioworks Holdings Trending	Pair Corr
0.4	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.39	SNDA	Sonida Senior Living	Pair Corr
0.36	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.35	FLGC	Flora Growth Corp	Pair Corr

Related Correlations Analysis

	UNM	SPNT	AEG	TKLF	ATH-PD	DIISY	PINXF	GPC
UNM		0.77	0.83	0.75	0.72	0.57	0.48	0.79	UNM
SPNT	0.77		0.92	0.89	0.71	0.83	0.8	0.79	SPNT
AEG	0.83	0.92		0.83	0.83	0.89	0.83	0.87	AEG
TKLF	0.75	0.89	0.83		0.56	0.64	0.67	0.83	TKLF
ATH-PD	0.72	0.71	0.83	0.56		0.75	0.63	0.68	ATH-PD
DIISY	0.57	0.83	0.89	0.64	0.75		0.84	0.7	DIISY
PINXF	0.48	0.8	0.83	0.67	0.63	0.84		0.72	PINXF
GPC	0.79	0.79	0.87	0.83	0.68	0.7	0.72		GPC
	UNM	SPNT	AEG	TKLF	ATH-PD	DIISY	PINXF	GPC

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Risk-Adjusted Indicators

There is a big difference between Senseonics Stock performing well and Senseonics Holdings 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 Senseonics Holdings' 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
UNM	1.45	(0.09)	(0.02)	0.03	2.54	(1.31)	2.34	(2.24)	13.07
SPNT	1.70	0.14	0.06	0.26	1.94	(2.04)	5.67	(3.44)	11.84
AEG	1.38	0.09	0.04	0.18	2.16	(1.41)	2.65	(3.09)	12.06
TKLF	1.72	0.10	0.04	0.21	1.86	(2.23)	5.50	(3.78)	13.92
ATH-PD	0.58	0.00	(0.07)	0.10	0.86	(0.64)	1.17	(1.31)	5.03
DIISY	1.11	0.27	0.06	1.02	1.28	(2.47)	3.27	(1.37)	12.92
PINXF	1.34	0.44	0.00	0.86	0.00	0.00	1.49	0.00	44.93
GPC	1.36	0.04	0.01	0.15	1.58	(1.58)	2.82	(2.28)	10.56

Senseonics Holdings Corporate Executives

Elected by the shareholders, the Senseonics Holdings' board of directors comprises two types of representatives: Senseonics Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Senseonics. The board's role is to monitor Senseonics Holdings' management team and ensure that shareholders' interests are well served. Senseonics Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Senseonics Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Frederick Sullivan	Secretary CFO	Profile
	Frederick CPA	Secretary CFO	Profile

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