Correlation Between SentinelOne and Kaspa

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

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

Diversification Opportunities for SentinelOne and Kaspa

-0.03

Correlation Coefficient

SentinelOne  Kaspa

Good diversification

The 3 months correlation between SentinelOne and Kaspa is -0.03. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Kaspa in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaspa 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 Kaspa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kaspa has no effect on the direction of SentinelOne i.e., SentinelOne and Kaspa go up and down completely randomly.

Pair Corralation between SentinelOne and Kaspa

Taking into account the 90-day investment horizon SentinelOne is expected to generate 0.55 times more return on investment than Kaspa. However, SentinelOne is 1.81 times less risky than Kaspa. It trades about 0.0 of its potential returns per unit of risk. Kaspa is currently generating about -0.12 per unit of risk. If you would invest  1,779  in SentinelOne on July 14, 2025 and sell it today you would lose (54.00) from holding SentinelOne or give up 3.04% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.48%
Values	Daily Returns

SentinelOne  vs.  Kaspa

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 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.

Kaspa

Risk-Adjusted Performance

Weakest

Over the last 90 days Kaspa 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 Crypto's basic indicators remain rather sound which may send shares a bit higher in November 2025. The latest tumult may also be a sign of longer-term up-swing for Kaspa shareholders.

Pair Trading with SentinelOne and Kaspa

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

The idea behind SentinelOne and Kaspa 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.

Check out your portfolio center.

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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.