Senstar Technologies Correlations

Senstar Technologies Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Senstar 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 board of governors. For more information on how to buy Senstar Stock please use our How to Invest in Senstar Technologies guide.

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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    TRCA + 0.86 TTP POLXF + 0.55 TRCA POLXF + 0.47 TTP TGEN + 0.32 TTP CXM + 0.27 TGEN TGEN + 0.1 TRCA

High negative correlations    CXM - 0.68 POLXF CXM - 0.51 TRCA CXM - 0.23 TTP TGEN - 0.18 POLXF

Risk-Adjusted Indicators

There is a big difference between Senstar Stock performing well and Senstar 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 Senstar 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.