Correlation Between SentinelOne and Multi-asset Real

Can any of the company-specific risk be diversified away by investing in both SentinelOne and Multi-asset Real 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 SentinelOne and Multi-asset Real into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between SentinelOne and Multi Asset Real Return, you can compare the effects of market volatilities on SentinelOne and Multi-asset Real 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 SentinelOne with a short position of Multi-asset Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and Multi-asset Real.

Diversification Opportunities for SentinelOne and Multi-asset Real

-0.16

Correlation Coefficient

SentinelOne  Multi-asset Real

Good diversification

The 3 months correlation between SentinelOne and Multi-asset is -0.16. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Multi Asset Real Return in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Multi Asset Real and SentinelOne 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 SentinelOne are associated (or correlated) with Multi-asset Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Multi Asset Real has no effect on the direction of SentinelOne i.e., SentinelOne and Multi-asset Real go up and down completely randomly.

Pair Corralation between SentinelOne and Multi-asset Real

Taking into account the 90-day investment horizon SentinelOne is expected to generate 1.43 times less return on investment than Multi-asset Real. In addition to that, SentinelOne is 2.03 times more volatile than Multi Asset Real Return. It trades about 0.05 of its total potential returns per unit of risk. Multi Asset Real Return is currently generating about 0.14 per unit of volatility. If you would invest  1,929  in Multi Asset Real Return on April 25, 2025 and sell it today you would earn a total of  209.00  from holding Multi Asset Real Return or generate 10.83% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

SentinelOne  vs.  Multi Asset Real Return

SentinelOne

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in SentinelOne are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, SentinelOne may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Multi Asset Real

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Multi Asset Real Return are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Multi-asset Real may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with SentinelOne and Multi-asset Real

The main advantage of trading using opposite SentinelOne and Multi-asset Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, Multi-asset Real 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 Multi-asset Real will offset losses from the drop in Multi-asset Real's long position.

The idea behind SentinelOne and Multi Asset Real Return 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.