Correlation Between SentinelOne and Kentucky First

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

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

Diversification Opportunities for SentinelOne and Kentucky First

-0.81

Correlation Coefficient

SentinelOne  Kentucky First

Pay attention - limited upside

The 3 months correlation between SentinelOne and Kentucky is -0.81. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Kentucky First Federal in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kentucky First Federal 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 Kentucky First. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kentucky First Federal has no effect on the direction of SentinelOne i.e., SentinelOne and Kentucky First go up and down completely randomly.

Pair Corralation between SentinelOne and Kentucky First

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Kentucky First. But the stock apears to be less risky and, when comparing its historical volatility, SentinelOne is 1.84 times less risky than Kentucky First. The stock trades about -0.11 of its potential returns per unit of risk. The Kentucky First Federal is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  329.00  in Kentucky First Federal on September 6, 2025 and sell it today you would earn a total of  102.00  from holding Kentucky First Federal or generate 31.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Significant
Accuracy	89.06%
Values	Daily Returns

SentinelOne  vs.  Kentucky First Federal

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 inconsistent performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in January 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Kentucky First Federal

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Kentucky First Federal are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat inconsistent technical and fundamental indicators, Kentucky First sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with SentinelOne and Kentucky First

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

The idea behind SentinelOne and Kentucky First Federal 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.