Sensient Technologies Correlations
| SXT Stock | USD 75.65 0.33 0.43% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sensient Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sensient Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Sensient Technologies and NYA is 0.5 (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 NYA in the same portfolio, assuming nothing else is changed.
Sensient |
The ability to find closely correlated positions to Sensient Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sensient Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sensient Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sensient Technologies to buy it.
Moving together with Sensient Stock
| 0.81 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.69 | WTTR | Select Energy Services | PairCorr |
| 0.78 | APD | Air Products Fiscal Year End 5th of November 2024 | PairCorr |
| 0.71 | ASH | Ashland Global Holdings Fiscal Year End 13th of November 2024 | PairCorr |
| 0.87 | CBT | Cabot Fiscal Year End 4th of November 2024 | PairCorr |
| 0.69 | ECL | Ecolab Inc | PairCorr |
| 0.67 | EMN | Eastman Chemical | PairCorr |
| 0.66 | FSI | Flexible Solutions | PairCorr |
| 0.85 | IFF | International Flavors | PairCorr |
Moving against Sensient Stock
| 0.64 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
| 0.54 | DNMR | Danimer Scientific | PairCorr |
| 0.77 | NEU | NewMarket | PairCorr |
Related Correlations Analysis
| 0.62 | 0.73 | 0.85 | 0.17 | 0.25 | 0.53 | IOSP | ||
| 0.62 | 0.89 | 0.47 | -0.45 | -0.02 | 0.68 | MTX | ||
| 0.73 | 0.89 | 0.6 | -0.34 | 0.11 | 0.74 | ODC | ||
| 0.85 | 0.47 | 0.6 | 0.4 | 0.21 | 0.44 | FUL | ||
| 0.17 | -0.45 | -0.34 | 0.4 | 0.34 | -0.29 | KWR | ||
| 0.25 | -0.02 | 0.11 | 0.21 | 0.34 | 0.35 | ESI | ||
| 0.53 | 0.68 | 0.74 | 0.44 | -0.29 | 0.35 | ASH | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | 0.94 | 0.11 | 0.05 | 1.71 | 0.92 | 1.90 | 7.22 | |||
| MTX | 0.97 | 0.12 | 0.12 | 0.16 | 0.95 | 2.51 | 6.42 | |||
| ODC | 1.61 | 0.27 | 0.14 | 0.50 | 1.57 | 3.63 | 10.14 | |||
| FUL | 0.88 | 0.07 | 0.02 | 0.34 | 1.20 | 1.60 | 6.19 | |||
| KWR | 1.12 | (0.01) | (0.05) | 0.00 | 1.29 | 2.23 | 7.55 | |||
| ESI | 0.92 | 0.05 | (0.02) | (0.40) | 1.16 | 2.36 | 6.99 | |||
| ASH | 0.78 | 0.15 | 0.08 | (0.99) | 0.79 | 1.70 | 5.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sensient Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sensient Technologies Corporate Directors
Sensient Technologies corporate directors refer to members of a Sensient Technologies board of directors. The board of directors generally takes responsibility for the Sensient Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sensient Technologies' board members must vote for the resolution. The Sensient Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Elaine Wedral | Lead Independent Director | Profile | |
| Carol Jackson | Independent Director | Profile | |
| Sharad Jain | Independent Director | Profile | |
| Deborah McKeithanGebhardt | Independent Director | Profile |
Already Invested in Sensient Technologies?
The danger of trading Sensient Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sensient Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sensient Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sensient Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Sensient Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Sensient Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sensient Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Sensient Technologies 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 tightly coupled 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.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Sensient Stock analysis
When running Sensient Technologies' price analysis, check to measure Sensient Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sensient Technologies is operating at the current time. Most of Sensient Technologies' value examination focuses on studying past and present price action to predict the probability of Sensient Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sensient Technologies' price. Additionally, you may evaluate how the addition of Sensient Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Sensient Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sensient Technologies. If investors know Sensient will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sensient Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 1.64 | Earnings Share 2.14 | Revenue Per Share 35 | Quarterly Revenue Growth 0.042 |
The market value of Sensient Technologies is measured differently than its book value, which is the value of Sensient that is recorded on the company's balance sheet. Investors also form their own opinion of Sensient Technologies' value that differs from its market value or its book value, called intrinsic value, which is Sensient Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sensient Technologies' market value can be influenced by many factors that don't directly affect Sensient Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sensient Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sensient Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sensient Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.