Correlation Between SentinelOne and CITIC

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

By analyzing existing cross correlation between SentinelOne and CITIC LTD ADR5, you can compare the effects of market volatilities on SentinelOne and CITIC 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 CITIC. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and CITIC.

Diversification Opportunities for SentinelOne and CITIC

-0.54

Correlation Coefficient

SentinelOne  CITIC

Excellent diversification

The 3 months correlation between SentinelOne and CITIC is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and CITIC LTD ADR5 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CITIC LTD ADR5 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 CITIC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CITIC LTD ADR5 has no effect on the direction of SentinelOne i.e., SentinelOne and CITIC go up and down completely randomly.

Pair Corralation between SentinelOne and CITIC

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the CITIC. In addition to that, SentinelOne is 1.53 times more volatile than CITIC LTD ADR5. It trades about -0.17 of its total potential returns per unit of risk. CITIC LTD ADR5 is currently generating about -0.02 per unit of volatility. If you would invest  660.00  in CITIC LTD ADR5 on September 2, 2025 and sell it today you would lose (5.00) from holding CITIC LTD ADR5 or give up 0.76% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

SentinelOne  vs.  CITIC LTD ADR5

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 latest inconsistent performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

CITIC LTD ADR5

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in CITIC LTD ADR5 are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, CITIC may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with SentinelOne and CITIC

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

The idea behind SentinelOne and CITIC LTD ADR5 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.