Senstar Technologies Correlations

SNT Stock  USD 3.54  0.21  5.60%   
The correlation of Senstar 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.

Senstar Technologies Correlation With Market

Good diversification

The correlation between Senstar Technologies and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Senstar 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 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.

Moving together with Senstar Stock

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Moving against Senstar Stock

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  0.66BDC Belden IncPairCorr
  0.66CTS CTS CorporationPairCorr
  0.66MSI Motorola SolutionsPairCorr
  0.64BHE Benchmark ElectronicsPairCorr
  0.55EXTR Extreme NetworksPairCorr
  0.48ZBRA Zebra TechnologiesPairCorr
  0.46KE Kimball ElectronicsPairCorr
  0.36KN Knowles CorPairCorr
  0.71BELFA Bel Fuse APairCorr
  0.64PLXS Plexus CorpPairCorr
  0.53RELL Richardson ElectronicsPairCorr
  0.45LITE Lumentum HoldingsPairCorr
  0.85FICO Fair Isaac Tech BoostPairCorr
  0.58S SentinelOnePairCorr
  0.56DXC DXC TechnologyPairCorr
  0.55DTSS DataseaPairCorr

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   
TRCATTP
POLXFTTP
TGENTTP
CXMTTP
POLXFTRCA
TGENTRCA
  
High negative correlations   
CXMTGEN
CXMPOLXF
TGENPOLXF
CXMTRCA
TGENTRCA
POLXFTRCA

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.

Senstar Technologies Corporate Management