Sensient Technologies Correlations

SXT Stock

USD 107.23 0.67 0.62%

The current 90-days correlation between Sensient Technologies and Ecovyst is 0.21 (i.e., Modest 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

Very weak diversification

The correlation between Sensient Technologies and DJI is 0.4 (i.e., Very 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 interest.

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

Moving together with Sensient Stock

0.72	DD	Dupont De Nemours	Pair Corr
0.85	ECVT	Ecovyst	Pair Corr
0.77	CMT	Core Molding Technologies	Pair Corr
0.87	ECL	Ecolab Inc	Pair Corr
0.83	ESI	Element Solutions	Pair Corr
0.66	FUL	H B Fuller	Pair Corr
0.78	KOP	Koppers Holdings	Pair Corr
0.67	LIN	Linde plc Ordinary	Pair Corr
0.95	NEU	NewMarket	Pair Corr
0.68	ODC	Oil Dri	Pair Corr
0.87	PPG	PPG Industries	Pair Corr
0.82	PRM	Perimeter Solutions	Pair Corr
0.79	SCL	Stepan Company	Pair Corr
0.63	SHW	Sherwin Williams	Pair Corr
0.67	SSL	Sasol	Pair Corr

Moving against Sensient Stock

0.46	CBT	Cabot	Pair Corr
0.58	WLK	Westlake Chemical	Pair Corr
0.52	OEC	Orion Engineered Carbons	Pair Corr

Related Correlations Analysis

	CC	DD	FF	ECVT	FEAM	ALB-PA	ALB	APD	ASH	CBT
CC		0.39	0.31	-0.08	0.07	0.57	0.6	0.41	0.52	0.66	CC
DD	0.39		0.3	0.71	-0.08	0.81	0.8	0.88	0.45	0.05	DD
FF	0.31	0.3		0.27	-0.15	0.33	0.32	0.27	0.11	-0.04	FF
ECVT	-0.08	0.71	0.27		-0.32	0.54	0.45	0.66	-0.07	-0.44	ECVT
FEAM	0.07	-0.08	-0.15	-0.32		-0.4	-0.33	-0.29	0.03	-0.08	FEAM
ALB-PA	0.57	0.81	0.33	0.54	-0.4		0.98	0.89	0.56	0.36	ALB-PA
ALB	0.6	0.8	0.32	0.45	-0.33	0.98		0.86	0.64	0.43	ALB
APD	0.41	0.88	0.27	0.66	-0.29	0.89	0.86		0.48	0.25	APD
ASH	0.52	0.45	0.11	-0.07	0.03	0.56	0.64	0.48		0.56	ASH
CBT	0.66	0.05	-0.04	-0.44	-0.08	0.36	0.43	0.25	0.56		CBT
	CC	DD	FF	ECVT	FEAM	ALB-PA	ALB	APD	ASH	CBT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ALB	+ 0.98	ALB-PA
APD	+ 0.89	ALB-PA
APD	+ 0.88	DD
APD	+ 0.86	ALB
ALB-PA	+ 0.81	DD
ALB	+ 0.8	DD

High negative correlations

CBT	- 0.44	ECVT
ALB-PA	- 0.4	FEAM
ALB	- 0.33	FEAM
FEAM	- 0.32	ECVT
APD	- 0.29	FEAM
FEAM	- 0.15	FF

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
CC	3.55	(0.15)	0.00	0.03	4.70	(3.74)	6.50	(9.08)	34.02
DD	2.05	(0.14)	(0.02)	0.01	3.43	(2.14)	4.17	(4.60)	19.29
FF	1.95	0.05	0.00	0.19	2.24	(2.11)	5.19	(3.51)	10.73
ECVT	2.25	0.44	0.14	0.44	2.70	(2.43)	4.93	(5.00)	20.23
FEAM	4.04	0.08	0.00	2.68	5.21	(4.39)	10.00	(9.79)	26.98
ALB-PA	2.61	(0.16)	(0.02)	0.00	3.57	(2.80)	4.56	(5.84)	24.56
ALB	2.98	(0.23)	0.00	(0.02)	0.00	0.00	5.58	(7.95)	28.66
APD	1.41	(0.10)	(0.04)	0.00	2.10	(1.34)	2.66	(3.02)	11.71
ASH	2.21	(0.08)	0.00	0.49	0.00	0.00	3.96	(6.12)	21.09
CBT	1.47	(0.21)	0.00	(0.12)	0.00	0.00	2.88	(2.71)	14.64

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

2025 Macroaxis LLC