Correlation Between SentinelOne and Intech Managed

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

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

Diversification Opportunities for SentinelOne and Intech Managed

-0.19

Correlation Coefficient

SentinelOne  Intech Managed

Good diversification

The 3 months correlation between SentinelOne and Intech is -0.19. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Intech Managed Volatility in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intech Managed Volatility 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 Intech Managed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intech Managed Volatility has no effect on the direction of SentinelOne i.e., SentinelOne and Intech Managed go up and down completely randomly.

Pair Corralation between SentinelOne and Intech Managed

Taking into account the 90-day investment horizon SentinelOne is expected to generate 1.45 times less return on investment than Intech Managed. In addition to that, SentinelOne is 4.06 times more volatile than Intech Managed Volatility. It trades about 0.05 of its total potential returns per unit of risk. Intech Managed Volatility is currently generating about 0.29 per unit of volatility. If you would invest  1,121  in Intech Managed Volatility on April 30, 2025 and sell it today you would earn a total of  134.00  from holding Intech Managed Volatility or generate 11.95% return on investment over 90 days.

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

SentinelOne  vs.  Intech Managed Volatility

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 uncertain basic indicators, SentinelOne may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Intech Managed Volatility

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Intech Managed Volatility are ranked lower than 22 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Intech Managed may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with SentinelOne and Intech Managed

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

The idea behind SentinelOne and Intech Managed Volatility 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.