Sensient Technology Corporation (SXT) — Stock Correlations & Overview

Over the past year, SXT has moved most closely with PSCM, JOE, FMAT. Explore the stocks most correlated and inversely correlated with SXT below, along with its price, financials, and company profile.

Stocks correlated with SXT

Correlation of daily returns. Higher positive values move with SXT; negative values move opposite it. Informational only, not investment advice.

Most correlated with SXT

SymbolCompanyCorrelation
PSCMInvesco S&P SmallCap Materials ETFINVESTMENT ADVICE0.41
JOESt. Joe CompanyLAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES)0.36
FMATFidelity MSCI Materials Index ETF0.36
FBINFortune Brands Innovations, Inc.MILLWOOD, VENEER, PLYWOOD, & STRUCTURAL WOOD MEMBERS0.35
IOSPInnospec Inc.CHEMICALS & ALLIED PRODUCTS0.35

Most inversely correlated with SXT

SymbolCompanyCorrelation
CHSNChanson International Holding Class A Ordinary Shares-0.48
SMNProShares UltraShort Materials-0.34
AUUDAuddia Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION-0.33
SBBProShares Short SmallCap600-0.33
SDDProShares UltraShort SmallCap600-0.32

Frequently asked questions about SXT correlations

Which stocks are most correlated with SXT?
Based on one year of daily returns, the stocks most correlated with Sensient Technology Corporation (SXT) are PSCM (0.41), JOE (0.36) and FMAT (0.36). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with SXT?
Over the past year, the stocks most inversely correlated with Sensient Technology Corporation (SXT) are CHSN (-0.48), SMN (-0.34) and AUUD (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?
Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these SXT correlations calculated?
We compute the correlation of daily returns between SXT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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