Sensei Biotherapeutics Correlations

SNSE Stock

USD 0.49 0.03 6.52%

The current 90-days correlation between Sensei Biotherapeutics and Evaxion Biotech AS is 0.06 (i.e., Significant diversification). The correlation of Sensei Biotherapeutics 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.

Sensei Biotherapeutics Correlation With Market

Significant diversification

The correlation between Sensei Biotherapeutics and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensei Biotherapeutics 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 Sensei Biotherapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade Sensei Stock refer to our How to Trade Sensei Stock guide.

Moving together with Sensei Stock

0.72	CMND	Clearmind Medicine Common	Pair Corr
0.65	CAT	Caterpillar	Pair Corr

Moving against Sensei Stock

0.72	PG	Procter Gamble	Pair Corr
0.47	WM	Waste Management	Pair Corr
0.45	LUCD	Lucid Diagnostics	Pair Corr
0.57	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.57	T	ATT Inc Sell-off Trend	Pair Corr
0.49	IBM	International Business	Pair Corr
0.33	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	LABP	VOR	EVAX	DBTX	NEXI
LABP		0.0	0.0	0.0	0.0	LABP
VOR	0.0		0.24	0.0	0.0	VOR
EVAX	0.0	0.24		0.0	0.0	EVAX
DBTX	0.0	0.0	0.0		0.0	DBTX
NEXI	0.0	0.0	0.0	0.0		NEXI
	LABP	VOR	EVAX	DBTX	NEXI

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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

EVAX	+ 0.24	VOR
VOR	+ 0.0	LABP
EVAX	+ 0.0	LABP
DBTX	+ 0.0	LABP
NEXI	+ 0.0	LABP
DBTX	+ 0.0	VOR

High negative correlations

NEXI	- 0.0	DBTX
NEXI	- 0.0	EVAX
DBTX	- 0.0	EVAX
NEXI	- 0.0	VOR
DBTX	- 0.0	VOR
NEXI	- 0.0	LABP

Risk-Adjusted Indicators

There is a big difference between Sensei Stock performing well and Sensei Biotherapeutics 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 Sensei Biotherapeutics' 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
LABP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOR	5.37	0.10	0.04	(0.10)	5.18	(7.25)	16.79	(9.18)	63.37
EVAX	7.76	(0.74)	0.00	15.24	0.00	0.00	25.30	(12.96)	92.83
DBTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEXI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Sensei Biotherapeutics Corporate Management

Edward Horst	Chief Officer	Profile
Christopher JD	VP Counsel	Profile
Elisabeth Colunio	VP HR	Profile
Lora Pike	Vice Communications	Profile
Steven Fuller	Chief Officer	Profile
Robert MD	Chief Officer	Profile
Erin Colgan	Chief Officer	Profile

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