Sensient Technologies Correlations

SXT Stock

USD 92.82 0.35 0.38%

The current 90-days correlation between Sensient Technologies and Sasol is 0.18 (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

Very weak diversification

The correlation between Sensient Technologies 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 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 banks.

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

Moving together with Sensient Stock

0.82	OMKARCHEM	Omkar Speciality Che	Pair Corr
0.84	BODALCHEM	Bodal Chemicals Earnings Call This Week	Pair Corr
0.79	ASAHISONG	Asahi Songwon Colors	Pair Corr
0.88	ASH	Ashland Global Holdings	Pair Corr
0.7	IFF	International Flavors	Pair Corr
0.83	RPM	RPM International	Pair Corr
0.72	SCL	Stepan Company	Pair Corr
0.69	PLASTIBLEN	Plastiblends India	Pair Corr
0.62	603027	Qianhe CondimentFood Split	Pair Corr
0.8	TAINWALCHM	Tainwala Chemical	Pair Corr
0.71	SUDARSCHEM	Sudarshan Chemical	Pair Corr
0.88	KOTHARIPET	Kothari Petrochemicals	Pair Corr

Moving against Sensient Stock

0.94	300919	Cngr Advanced Material	Pair Corr
0.86	600691	Yangmei Chemical	Pair Corr
0.82	CHEMCON	Chemcon Speciality	Pair Corr
0.8	SHREEPUSHK	Shree Pushkar Chemicals Earnings Call Tomorrow	Pair Corr
0.73	ALB	Albemarle Corp	Pair Corr
0.59	603255	Liaoning Dingjide	Pair Corr
0.54	GRWRHITECH	Garware Hi Tech Earnings Call This Week	Pair Corr
0.53	PRIVISCL	Privi Speciality Che	Pair Corr
0.46	ESI	Element Solutions	Pair Corr
0.94	300073	Beijing Easpring Material	Pair Corr
0.87	688378	Jilin OLED Material	Pair Corr
0.84	002476	Shandong Polymer Bio	Pair Corr
0.38	NEOGEN	Neogen Chemicals Earnings Call Today	Pair Corr
0.36	ROSSARI	Rossari Biotech	Pair Corr
0.76	POCL	Pondy Oxides Chemicals	Pair Corr
0.69	300905	Poly Plastic Masterbatch	Pair Corr

Related Correlations Analysis

	SSL	CBT	PRM	FUL	CE	AVNT	BCPC	HWKN	WDFC	KNF
SSL		0.27	0.53	0.67	0.25	0.55	0.22	-0.1	0.14	-0.02	SSL
CBT	0.27		-0.51	0.56	0.83	0.88	0.57	0.73	0.74	0.72	CBT
PRM	0.53	-0.51		0.1	-0.43	-0.27	-0.42	-0.52	-0.6	-0.66	PRM
FUL	0.67	0.56	0.1		0.53	0.73	0.41	0.31	0.39	0.2	FUL
CE	0.25	0.83	-0.43	0.53		0.75	0.53	0.58	0.69	0.64	CE
AVNT	0.55	0.88	-0.27	0.73	0.75		0.73	0.39	0.81	0.68	AVNT
BCPC	0.22	0.57	-0.42	0.41	0.53	0.73		0.0	0.9	0.65	BCPC
HWKN	-0.1	0.73	-0.52	0.31	0.58	0.39	0.0		0.27	0.41	HWKN
WDFC	0.14	0.74	-0.6	0.39	0.69	0.81	0.9	0.27		0.86	WDFC
KNF	-0.02	0.72	-0.66	0.2	0.64	0.68	0.65	0.41	0.86		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

WDFC	+ 0.9	BCPC
AVNT	+ 0.88	CBT
KNF	+ 0.86	WDFC
CE	+ 0.83	CBT
WDFC	+ 0.81	AVNT
AVNT	+ 0.75	CE

High negative correlations

KNF	- 0.66	PRM
WDFC	- 0.6	PRM
HWKN	- 0.52	PRM
PRM	- 0.51	CBT
CE	- 0.43	PRM
BCPC	- 0.42	PRM

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	2.54	0.43	0.15	0.60	2.31	(2.95)	6.86	(4.15)	20.39
CBT	1.33	(0.52)	0.00	(0.17)	0.00	0.00	3.52	(2.89)	11.93
PRM	2.29	0.58	0.18	0.91	2.42	(2.41)	4.72	(3.84)	30.19
FUL	1.39	(0.11)	(0.02)	0.03	1.63	(1.40)	3.35	(3.14)	8.83
CE	2.69	(0.39)	0.00	(0.08)	0.00	0.00	6.00	(5.76)	15.77
AVNT	1.42	(0.35)	0.00	(0.07)	0.00	0.00	3.04	(3.28)	10.87
BCPC	0.94	(0.12)	0.00	(0.12)	0.00	0.00	2.43	(1.85)	5.44
HWKN	1.91	(0.60)	0.00	(0.26)	0.00	0.00	3.75	(4.46)	13.12
WDFC	1.21	(0.21)	0.00	(0.25)	0.00	0.00	2.65	(2.17)	8.81
KNF	1.99	(0.42)	0.00	(0.21)	0.00	0.00	4.74	(4.24)	13.43

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