SenesTech Correlations

SNES Stock

USD 2.42 0.18 8.04%

The current 90-days correlation between SenesTech and J Star Holding Co, is -0.08 (i.e., Good diversification). The correlation of SenesTech 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.

SenesTech Correlation With Market

Very weak diversification

The correlation between SenesTech and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SenesTech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SenesTech Stock

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

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

Moving together with SenesTech Stock

0.92	KG	Kestrel Group, Symbol Change	Pair Corr
0.63	NXS	Next Science	Pair Corr
0.64	HCM	HUTCHMED China	Pair Corr
0.86	603676	Tibet Weixinkang Medicine	Pair Corr
0.66	600381	Qinghai Spring Medicinal	Pair Corr
0.82	002262	Jiangsu Nhwa Pharmac	Pair Corr
0.91	002287	Tibet Cheezheng Tibetan	Pair Corr
0.71	ELTX	Elicio Therapeutics	Pair Corr
0.66	ETON	Eton Pharmaceuticals	Pair Corr
0.87	600422	KPC Pharmaceuticals	Pair Corr
0.69	300601	Shenzhen Kangtai Bio	Pair Corr

Moving against SenesTech Stock

0.89	300086	Hainan Honz Pharmace	Pair Corr
0.83	VTRS	Viatris	Pair Corr
0.83	VTYX	Ventyx Biosciences	Pair Corr
0.8	300255	Hebei Changshan Biochem	Pair Corr
0.68	600080	Ginwa Enterprise	Pair Corr
0.64	ELAN	Elanco Animal Health	Pair Corr
0.62	EOLS	Evolus Inc	Pair Corr
0.49	VRCA	Verrica Pharmaceuticals	Pair Corr
0.48	TLRY	Tilray Inc Split	Pair Corr
0.41	PFE	Pfizer Inc CDR	Pair Corr
0.33	603139	Shaanxi Kanghui Pharm	Pair Corr
0.94	GSK	GlaxoSmithKline PLC ADR Sell-off Trend	Pair Corr
0.92	LLY	Eli Lilly	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.85	AZN	AstraZeneca PLC ADR	Pair Corr
0.83	MRK	Merck Company Aggressive Push	Pair Corr
0.8	DHT-U	DRI Healthcare Trust	Pair Corr
0.75	EVOK	Evoke Pharma	Pair Corr
0.73	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr

Related Correlations Analysis

	YMAT	ASTL	ELBM	STAI	BGL	GURE	HUDI	CNEY	ZKIN	AUST
YMAT		-0.21	0.27	0.42	0.85	0.53	0.63	0.71	0.17	0.43	YMAT
ASTL	-0.21		-0.04	0.0	-0.23	0.27	0.32	-0.21	-0.56	0.15	ASTL
ELBM	0.27	-0.04		0.4	0.48	0.15	0.19	0.27	-0.04	0.63	ELBM
STAI	0.42	0.0	0.4		0.62	0.26	0.48	0.74	0.28	0.44	STAI
BGL	0.85	-0.23	0.48	0.62		0.48	0.55	0.78	0.27	0.64	BGL
GURE	0.53	0.27	0.15	0.26	0.48		0.69	0.52	-0.16	0.39	GURE
HUDI	0.63	0.32	0.19	0.48	0.55	0.69		0.66	-0.13	0.4	HUDI
CNEY	0.71	-0.21	0.27	0.74	0.78	0.52	0.66		0.44	0.3	CNEY
ZKIN	0.17	-0.56	-0.04	0.28	0.27	-0.16	-0.13	0.44		-0.26	ZKIN
AUST	0.43	0.15	0.63	0.44	0.64	0.39	0.4	0.3	-0.26		AUST
	YMAT	ASTL	ELBM	STAI	BGL	GURE	HUDI	CNEY	ZKIN	AUST

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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

BGL	+ 0.85	YMAT
CNEY	+ 0.78	BGL
CNEY	+ 0.74	STAI
CNEY	+ 0.71	YMAT
HUDI	+ 0.69	GURE
CNEY	+ 0.66	HUDI

High negative correlations

ZKIN	- 0.56	ASTL
AUST	- 0.26	ZKIN
BGL	- 0.23	ASTL
CNEY	- 0.21	ASTL
ASTL	- 0.21	YMAT
ZKIN	- 0.16	GURE

Risk-Adjusted Indicators

There is a big difference between SenesTech Stock performing well and SenesTech 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 SenesTech'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
YMAT	4.47	(1.32)	0.00	(0.93)	0.00	0.00	8.54	(10.99)	33.67
ASTL	3.96	(0.19)	(0.01)	0.00	4.71	(4.52)	7.85	(8.04)	20.99
ELBM	14.76	2.58	0.24	0.23	12.64	(20.52)	22.95	(20.67)	376.41
STAI	6.49	(0.96)	0.00	1.85	0.00	0.00	8.92	(12.16)	77.91
BGL	5.26	(1.81)	0.00	7.30	0.00	0.00	11.93	(11.58)	30.41
GURE	9.60	0.46	0.04	1.50	10.11	(12.67)	37.41	(21.26)	105.51
HUDI	2.95	(0.32)	0.00	(0.09)	0.00	0.00	5.74	(6.06)	18.95
CNEY	3.49	(1.87)	0.00	(2.94)	0.00	0.00	6.01	(10.27)	27.48
ZKIN	4.80	(0.07)	0.00	0.10	0.00	0.00	10.22	(8.65)	29.27
AUST	4.67	0.12	0.03	0.13	5.02	(5.75)	9.65	(9.30)	27.61

SenesTech Corporate Management

Steven Krause	Ex Marketing	Profile
Michael Edell	Interim Officer	Profile
Bryan Menna	Vice Sales	Profile
Paul Palz	VP Controller	Profile
Thomas MBA	CFO, VP	Profile

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