Correlation Between SentinelOne and Cooper Stnd

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

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

Diversification Opportunities for SentinelOne and Cooper Stnd

0.04

Correlation Coefficient

SentinelOne  Cooper Stnd

Significant diversification

The 3 months correlation between SentinelOne and Cooper is 0.04. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Cooper Stnd in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cooper Stnd 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 Cooper Stnd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cooper Stnd has no effect on the direction of SentinelOne i.e., SentinelOne and Cooper Stnd go up and down completely randomly.

Pair Corralation between SentinelOne and Cooper Stnd

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Cooper Stnd. But the stock apears to be less risky and, when comparing its historical volatility, SentinelOne is 1.25 times less risky than Cooper Stnd. The stock trades about -0.1 of its potential returns per unit of risk. The Cooper Stnd is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  2,430  in Cooper Stnd on May 15, 2025 and sell it today you would earn a total of  383.00  from holding Cooper Stnd or generate 15.76% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

SentinelOne  vs.  Cooper Stnd

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.

Cooper Stnd

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Cooper Stnd are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Cooper Stnd unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with SentinelOne and Cooper Stnd

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

The idea behind SentinelOne and Cooper Stnd 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.