Correlation Between SentinelOne and Oracle

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

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

Diversification Opportunities for SentinelOne and Oracle

0.84

Correlation Coefficient

SentinelOne  Oracle

Very poor diversification

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

Pair Corralation between SentinelOne and Oracle

Taking into account the 90-day investment horizon SentinelOne is expected to generate 0.88 times more return on investment than Oracle. However, SentinelOne is 1.14 times less risky than Oracle. It trades about -0.13 of its potential returns per unit of risk. Oracle is currently generating about -0.24 per unit of risk. If you would invest  1,920  in SentinelOne on September 22, 2025 and sell it today you would lose (447.00) from holding SentinelOne or give up 23.28% of portfolio value over 90 days.

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

SentinelOne  vs.  Oracle

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 conflicting 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.

Oracle

Risk-Adjusted Performance

Weakest

Over the last 90 days Oracle has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's fundamental indicators remain quite persistent which may send shares a bit higher in January 2026. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Pair Trading with SentinelOne and Oracle

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

The idea behind SentinelOne and Oracle 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.