Correlation Between SentinelOne and Reinet Investments

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

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

Diversification Opportunities for SentinelOne and Reinet Investments

-0.19

Correlation Coefficient

SentinelOne  Reinet Investments

Good diversification

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

Pair Corralation between SentinelOne and Reinet Investments

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Reinet Investments. But the stock apears to be less risky and, when comparing its historical volatility, SentinelOne is 1.06 times less risky than Reinet Investments. The stock trades about 0.0 of its potential returns per unit of risk. The Reinet Investments SCA is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  2,643  in Reinet Investments SCA on August 21, 2025 and sell it today you would earn a total of  177.00  from holding Reinet Investments SCA or generate 6.7% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

SentinelOne  vs.  Reinet Investments SCA

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.

Reinet Investments SCA

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Reinet Investments SCA are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Reinet Investments may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with SentinelOne and Reinet Investments

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

The idea behind SentinelOne and Reinet Investments SCA 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.