Tenable Holdings Correlations

TENB Stock

USD 34.07 0.43 1.28%

The current 90-days correlation between Tenable Holdings and Luxfer Holdings PLC is 0.47 (i.e., Very weak diversification). The correlation of Tenable 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.

Tenable Holdings Correlation With Market

Poor diversification

The correlation between Tenable Holdings and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tenable Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenable 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 information on how to trade Tenable Stock refer to our How to Trade Tenable Stock guide.

Related Correlations Analysis

	LXFR	ANF	LE	GIL	GCO	MATV	ALTO	LEVI
LXFR		0.71	0.44	0.92	0.81	0.87	0.61	0.87	LXFR
ANF	0.71		0.64	0.62	0.63	0.78	0.57	0.72	ANF
LE	0.44	0.64		0.26	0.16	0.59	0.67	0.41	LE
GIL	0.92	0.62	0.26		0.8	0.77	0.48	0.94	GIL
GCO	0.81	0.63	0.16	0.8		0.7	0.31	0.76	GCO
MATV	0.87	0.78	0.59	0.77	0.7		0.83	0.83	MATV
ALTO	0.61	0.57	0.67	0.48	0.31	0.83		0.57	ALTO
LEVI	0.87	0.72	0.41	0.94	0.76	0.83	0.57		LEVI
	LXFR	ANF	LE	GIL	GCO	MATV	ALTO	LEVI

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Risk-Adjusted Indicators

There is a big difference between Tenable Stock performing well and Tenable 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 Tenable 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
LXFR	2.02	0.01	0.02	0.11	2.46	(2.24)	5.00	(3.61)	13.86
ANF	3.16	0.23	0.07	0.26	3.62	(4.08)	6.54	(5.49)	21.61
LE	3.61	0.18	0.05	0.24	4.26	(3.93)	9.87	(7.05)	23.65
GIL	1.64	0.12	0.05	0.21	2.14	(1.65)	3.27	(3.24)	12.36
GCO	3.37	(0.01)	0.02	0.10	4.36	(3.78)	7.81	(7.44)	26.16
MATV	3.26	0.21	0.07	0.21	4.07	(4.01)	7.87	(5.55)	20.53
ALTO	3.42	0.13	0.03	0.26	4.04	(4.12)	7.77	(6.74)	19.09
LEVI	2.37	0.20	0.08	0.21	3.19	(2.68)	3.86	(3.84)	24.32

Tenable Holdings Corporate Management

Bridgett Paradise	Chief People Officer	Profile
Barron Anschutz	Principal Officer	Profile
Michela Stribling	Chief Officer	Profile
Mark Thurmond	CoChief officer	Profile
Terry Dolce	Global Operations	Profile
Stephen Vintz	Chief Officer	Profile

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Tenable Holdings Correlations

Tenable Holdings Correlation With Market

Poor diversification

Related Correlations Analysis

Risk-Adjusted Indicators

Tenable Holdings Corporate Management

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