Correlation Between SentinelOne and Live Oak

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

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

Diversification Opportunities for SentinelOne and Live Oak

-0.84

Correlation Coefficient

SentinelOne  Live Oak

Pay attention - limited upside

The 3 months correlation between SentinelOne and Live is -0.84. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Live Oak Health in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Live Oak Health 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 Live Oak. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Live Oak Health has no effect on the direction of SentinelOne i.e., SentinelOne and Live Oak go up and down completely randomly.

Pair Corralation between SentinelOne and Live Oak

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Live Oak. In addition to that, SentinelOne is 3.49 times more volatile than Live Oak Health. It trades about -0.11 of its total potential returns per unit of risk. Live Oak Health is currently generating about 0.23 per unit of volatility. If you would invest  2,107  in Live Oak Health on September 8, 2025 and sell it today you would earn a total of  269.00  from holding Live Oak Health or generate 12.77% return on investment over 90 days.

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

SentinelOne  vs.  Live Oak Health

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.

Live Oak Health

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Live Oak Health are ranked lower than 18 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Live Oak may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with SentinelOne and Live Oak

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

The idea behind SentinelOne and Live Oak Health 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.