Correlation Between AppTech Payments and SentinelOne

Can any of the company-specific risk be diversified away by investing in both AppTech Payments and SentinelOne at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AppTech Payments and SentinelOne into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between AppTech Payments Corp and SentinelOne, you can compare the effects of market volatilities on AppTech Payments and SentinelOne and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in AppTech Payments with a short position of SentinelOne. Check out your portfolio center. Please also check ongoing floating volatility patterns of AppTech Payments and SentinelOne.

Diversification Opportunities for AppTech Payments and SentinelOne

-0.42

Correlation Coefficient

AppTech Payments  SentinelOne

Very good diversification

The 3 months correlation between AppTech and SentinelOne is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding AppTech Payments Corp and SentinelOne in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SentinelOne and AppTech Payments is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on AppTech Payments Corp are associated (or correlated) with SentinelOne. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SentinelOne has no effect on the direction of AppTech Payments i.e., AppTech Payments and SentinelOne go up and down completely randomly.

Pair Corralation between AppTech Payments and SentinelOne

Assuming the 90 days horizon AppTech Payments Corp is expected to under-perform the SentinelOne. In addition to that, AppTech Payments is 5.79 times more volatile than SentinelOne. It trades about -0.22 of its total potential returns per unit of risk. SentinelOne is currently generating about -0.07 per unit of volatility. If you would invest  2,021  in SentinelOne on May 16, 2025 and sell it today you would lose (302.00) from holding SentinelOne or give up 14.94% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	9.84%
Values	Daily Returns

AppTech Payments Corp  vs.  SentinelOne

AppTech Payments Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days AppTech Payments Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in September 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

SentinelOne

Risk-Adjusted Performance

Weakest

Over the last 90 days SentinelOne has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in September 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with AppTech Payments and SentinelOne

The main advantage of trading using opposite AppTech Payments and SentinelOne positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AppTech Payments position performs unexpectedly, SentinelOne can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SentinelOne will offset losses from the drop in SentinelOne's long position.

The idea behind AppTech Payments Corp and SentinelOne pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.