Sensient Technologies Correlations

SXT Stock

USD 73.72 1.00 1.38%

The current 90-days correlation between Sensient Technologies and Innospec is 0.75 (i.e., Poor 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

Modest diversification

The correlation between Sensient Technologies and DJI is 0.29 (i.e., Modest 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.

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

0.64	CC	Chemours	Pair Corr
0.92	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.62	DNMR	Danimer Scientific	Pair Corr
0.74	ALB-PA	Albemarle	Pair Corr
0.74	ALB	Albemarle Corp	Pair Corr
0.73	APD	Air Products	Pair Corr
0.69	ASH	Ashland Global Holdings	Pair Corr
0.93	CBT	Cabot	Pair Corr
0.66	CMT	Core Molding Technologies	Pair Corr
0.8	ECL	Ecolab Inc	Pair Corr
0.83	EMN	Eastman Chemical	Pair Corr
0.71	ESI	Element Solutions	Pair Corr
0.94	FUL	H B Fuller	Pair Corr
0.86	KOP	Koppers Holdings	Pair Corr
0.82	KRO	Kronos Worldwide	Pair Corr
0.91	KWR	Quaker Chemical	Pair Corr
0.77	LIN	Linde plc Ordinary	Pair Corr
0.67	LYB	LyondellBasell Industries	Pair Corr
0.81	MTX	Minerals Technologies	Pair Corr
0.83	NEU	NewMarket	Pair Corr
0.67	OEC	Orion Engineered Carbons	Pair Corr
0.86	PPG	PPG Industries	Pair Corr
0.87	RPM	RPM International	Pair Corr
0.97	SCL	Stepan Company	Pair Corr
0.88	SHW	Sherwin Williams Earnings Call This Week	Pair Corr
0.77	WLK	Westlake Chemical	Pair Corr

Moving against Sensient Stock

0.49	FEAM	5E Advanced Materials	Pair Corr
0.35	ALTO	Alto Ingredients Buyout Trend	Pair Corr

Related Correlations Analysis

	IOSP	MTX	ODC	FUL	KWR	ESI	ASH
IOSP		0.93	-0.35	0.62	0.72	0.75	0.12	IOSP
MTX	0.93		-0.46	0.74	0.78	0.8	0.29	MTX
ODC	-0.35	-0.46		-0.75	-0.75	-0.51	-0.77	ODC
FUL	0.62	0.74	-0.75		0.91	0.59	0.79	FUL
KWR	0.72	0.78	-0.75	0.91		0.7	0.69	KWR
ESI	0.75	0.8	-0.51	0.59	0.7		0.25	ESI
ASH	0.12	0.29	-0.77	0.79	0.69	0.25		ASH
	IOSP	MTX	ODC	FUL	KWR	ESI	ASH

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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

MTX	+ 0.93	IOSP
KWR	+ 0.91	FUL
ESI	+ 0.8	MTX
ASH	+ 0.79	FUL
KWR	+ 0.78	MTX
ESI	+ 0.75	IOSP

High negative correlations

ASH	- 0.77	ODC
KWR	- 0.75	ODC
FUL	- 0.75	ODC
ESI	- 0.51	ODC
ODC	- 0.46	MTX
ODC	- 0.35	IOSP

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
IOSP	1.20	0.01	0.01	0.02	1.53	(1.18)	2.24	(2.20)	16.32
MTX	1.24	(0.02)	0.00	(0.05)	0.00	0.00	2.83	(2.51)	13.23
ODC	1.72	0.37	0.18	1.01	1.67	(1.92)	3.99	(2.51)	22.38
FUL	1.16	(0.35)	0.00	(0.60)	0.00	0.00	1.72	(3.00)	14.20
KWR	1.52	(0.27)	0.00	(1.31)	0.00	0.00	2.45	(2.92)	18.04
ESI	1.16	0.00	0.00	(0.02)	1.25	(1.48)	3.08	(1.95)	13.05
ASH	1.13	(0.28)	0.00	(2.09)	0.00	0.00	1.87	(2.41)	10.48

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