Correlation Between SentinelOne and Intel

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

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

Diversification Opportunities for SentinelOne and Intel

-0.02

Correlation Coefficient

SentinelOne  Intel

Good diversification

The 3 months correlation between SentinelOne and Intel is -0.02. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Intel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intel 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 Intel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intel has no effect on the direction of SentinelOne i.e., SentinelOne and Intel go up and down completely randomly.

Pair Corralation between SentinelOne and Intel

Taking into account the 90-day investment horizon SentinelOne is expected to generate 0.77 times more return on investment than Intel. However, SentinelOne is 1.31 times less risky than Intel. It trades about 0.02 of its potential returns per unit of risk. Intel is currently generating about -0.02 per unit of risk. If you would invest  1,734  in SentinelOne on May 1, 2025 and sell it today you would earn a total of  135.00  from holding SentinelOne or generate 7.79% return on investment over 90 days.

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

SentinelOne  vs.  Intel

SentinelOne

Risk-Adjusted Performance

Very Weak

Over the last 90 days SentinelOne has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SentinelOne is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Intel

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Intel are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, Intel is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with SentinelOne and Intel

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

The idea behind SentinelOne and Intel 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.