SenesTech Correlations

SNES Stock

USD 5.62 0.20 3.44%

The current 90-days correlation between SenesTech and General Environmental Management is -0.12 (i.e., Good diversification). The correlation of SenesTech 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.

SenesTech Correlation With Market

Significant diversification

The correlation between SenesTech and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SenesTech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SenesTech Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SenesTech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy SenesTech Stock please use our How to Invest in SenesTech guide.

Moving together with SenesTech Stock

0.77	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.83	VANI	Vivani Medical	Pair Corr
0.9	VERV	Verve Therapeutics	Pair Corr
0.65	DRTS	Alpha Tau Medical	Pair Corr
0.67	VIGL	Vigil Neuroscience	Pair Corr
0.77	VNDA	Vanda Pharmaceuticals Earnings Call This Week	Pair Corr
0.74	VRCA	Verrica Pharmaceuticals	Pair Corr
0.79	VRDN	Viridian Therapeutics	Pair Corr
0.86	VRNA	Verona Pharma PLC Earnings Call This Week	Pair Corr
0.81	VTRS	Viatris	Pair Corr
0.77	VTYX	Ventyx Biosciences	Pair Corr

Moving against SenesTech Stock

0.73	VCYT	Veracyte	Pair Corr
0.65	DRMA	Dermata Therapeutics	Pair Corr
0.65	DRUG	Bright Minds Biosciences	Pair Corr
0.6	CDIOW	Cardio Diagnostics	Pair Corr
0.56	EQ	Equillium	Pair Corr
0.33	VALN	Valneva SE ADR	Pair Corr
0.82	VSTM	Verastem	Pair Corr
0.69	DTIL	Precision BioSciences	Pair Corr
0.59	DWTX	Dogwood Therapeutics, Symbol Change	Pair Corr
0.57	DYAI	Dyadic International	Pair Corr
0.55	SRZNW	Surrozen Warrant	Pair Corr
0.55	VRAX	Virax Biolabs Group	Pair Corr
0.46	KTTAW	Pasithea Therapeutics	Pair Corr
0.66	VTVT	vTv Therapeutics	Pair Corr
0.64	EOLS	Evolus Inc	Pair Corr

Related Correlations Analysis

	CRKN	GEVI	CMT	BCPC	NEU	SPCB	XBIO	TENX
CRKN		-0.81	-0.9	0.06	-0.87	-0.78	-0.75	-0.44	CRKN
GEVI	-0.81		0.72	0.35	0.66	0.72	0.59	0.6	GEVI
CMT	-0.9	0.72		-0.16	0.87	0.77	0.76	0.39	CMT
BCPC	0.06	0.35	-0.16		-0.21	0.03	-0.16	0.14	BCPC
NEU	-0.87	0.66	0.87	-0.21		0.57	0.88	0.37	NEU
SPCB	-0.78	0.72	0.77	0.03	0.57		0.48	0.42	SPCB
XBIO	-0.75	0.59	0.76	-0.16	0.88	0.48		0.32	XBIO
TENX	-0.44	0.6	0.39	0.14	0.37	0.42	0.32		TENX
	CRKN	GEVI	CMT	BCPC	NEU	SPCB	XBIO	TENX

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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

XBIO	+ 0.88	NEU
NEU	+ 0.87	CMT
SPCB	+ 0.77	CMT
XBIO	+ 0.76	CMT
CMT	+ 0.72	GEVI
SPCB	+ 0.72	GEVI

High negative correlations

CMT	- 0.9	CRKN
NEU	- 0.87	CRKN
GEVI	- 0.81	CRKN
SPCB	- 0.78	CRKN
XBIO	- 0.75	CRKN
TENX	- 0.44	CRKN

Risk-Adjusted Indicators

There is a big difference between SenesTech Stock performing well and SenesTech 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 SenesTech's 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
CRKN	6.65	(4.10)	0.00	(1.01)	0.00	0.00	8.33	(15.73)	83.79
GEVI	3.23	0.44	0.05	5.67	3.70	(3.91)	9.45	(7.69)	19.67
CMT	1.33	0.08	(0.02)	0.37	1.19	(1.62)	3.56	(1.76)	7.50
BCPC	0.86	(0.22)	0.00	(0.13)	0.00	0.00	1.84	(2.16)	6.67
NEU	1.00	0.21	0.15	0.51	0.58	(1.18)	2.39	(1.27)	7.49
SPCB	4.26	0.60	0.07	2.57	4.91	(4.49)	10.92	(6.37)	31.08
XBIO	3.80	0.85	0.11	(1.52)	3.90	(4.28)	9.67	(6.98)	34.70
TENX	1.82	0.08	0.02	0.33	2.25	(1.96)	5.68	(3.41)	14.23

SenesTech Corporate Management

Steven Krause	Ex Marketing	Profile
Paul Palz	VP Controller	Profile
Thomas MBA	CFO, VP	Profile
Nicole Williams	Chief Officer	Profile

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