Sensen Networks Correlations
| SNS Stock | 0.04 0.00 0.00% |
The current 90-days correlation between Sensen Networks and Westpac Banking is -0.08 (i.e., Good diversification). The correlation of Sensen Networks 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.
Sensen Networks Correlation With Market
Significant diversification
The correlation between Sensen Networks and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensen Networks and DJI in the same portfolio, assuming nothing else is changed.
Sensen |
The ability to find closely correlated positions to Sensen Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sensen Networks 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 Sensen Networks - 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 Sensen Networks to buy it.
Moving together with Sensen Stock
Moving against Sensen Stock
| 0.81 | PBH | Pointsbet Holdings | PairCorr |
| 0.81 | AHF | Australian Dairy Farms | PairCorr |
| 0.8 | JBH | JB Hi Fi | PairCorr |
| 0.79 | AME | Alto Metals | PairCorr |
| 0.78 | TLX | Telix Pharmaceuticals | PairCorr |
| 0.74 | IMR | Imricor Medical Systems | PairCorr |
| 0.7 | HOR | Horseshoe Metals | PairCorr |
| 0.7 | DEG | De Grey Mining | PairCorr |
| 0.68 | CBA | Commonwealth Bank | PairCorr |
| 0.68 | BEN | Bendigo And Adelaide | PairCorr |
| 0.65 | GDF | Garda Diversified Ppty | PairCorr |
| 0.62 | SUN | Suncorp Group | PairCorr |
| 0.58 | MQGPD | Macquarie Group | PairCorr |
| 0.5 | ST1 | Spirit Telecom Split | PairCorr |
| 0.49 | BPT | Beach Energy | PairCorr |
| 0.48 | WBCPJ | Westpac Banking | PairCorr |
| 0.83 | BIS | Bisalloy Steel Group | PairCorr |
| 0.78 | IDA | Indiana Resources | PairCorr |
| 0.73 | SQ2 | Block Inc | PairCorr |
| 0.68 | ABA | Auswide Bank | PairCorr |
| 0.67 | BVS | Bravura Solutions | PairCorr |
| 0.66 | MME | MoneyMe | PairCorr |
| 0.64 | AIQ | Alternative Investment | PairCorr |
| 0.61 | ORG | Origin Energy | PairCorr |
| 0.6 | FSI | Flagship Investments | PairCorr |
| 0.6 | SVW | SEVEN GROUP HOLDINGS | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sensen Stock performing well and Sensen Networks 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 Sensen Networks' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WBCPM | 0.26 | 0.01 | (0.04) | (0.16) | 0.27 | 0.72 | 1.75 | |||
| NABPI | 0.31 | 0.01 | (0.02) | 0.09 | 0.71 | 0.46 | 3.99 | |||
| NABPF | 0.19 | 0.01 | (0.04) | (0.29) | 0.13 | 0.39 | 0.87 | |||
| NABPH | 0.21 | 0.01 | (0.05) | (1.56) | 0.19 | 0.48 | 1.32 | |||
| CBAPM | 0.26 | 0.01 | (0.02) | 2.10 | 0.32 | 0.63 | 1.67 | |||
| CBA | 0.91 | 0.22 | 0.14 | 2.55 | 1.23 | 1.81 | 5.83 | |||
| AN3PK | 0.15 | 0.02 | (0.02) | 0.77 | 0.13 | 0.38 | 1.07 | |||
| CBAPJ | 0.33 | 0.02 | (0.01) | 0.66 | 0.38 | 0.76 | 2.40 | |||
| NAB | 0.85 | 0.03 | 0.01 | 0.19 | 1.20 | 1.59 | 4.69 | |||
| AN3PI | 0.36 | 0.00 | (0.04) | (0.03) | 0.66 | 0.72 | 3.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sensen Networks 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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Sensen Networks Corporate Management
Elected by the shareholders, the Sensen Networks' board of directors comprises two types of representatives: Sensen Networks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sensen. The board's role is to monitor Sensen Networks' management team and ensure that shareholders' interests are well served. Sensen Networks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sensen Networks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Duc Vo | Chief Officer | Profile | |
| Christian Stevens | Chief Officer | Profile | |
| Nathan Rogers | Chief Officer | Profile | |
| Raj Shetgar | Chief Officer | Profile |