Correlation Between SentinelOne and Replimune

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

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

Diversification Opportunities for SentinelOne and Replimune

-0.65

Correlation Coefficient

SentinelOne  Replimune

Excellent diversification

The 3 months correlation between SentinelOne and Replimune is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Replimune Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Replimune Group 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 Replimune. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Replimune Group has no effect on the direction of SentinelOne i.e., SentinelOne and Replimune go up and down completely randomly.

Pair Corralation between SentinelOne and Replimune

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Replimune. In addition to that, SentinelOne is 1.63 times more volatile than Replimune Group. It trades about -0.17 of its total potential returns per unit of risk. Replimune Group is currently generating about 0.52 per unit of volatility. If you would invest  831.00  in Replimune Group on September 8, 2025 and sell it today you would earn a total of  230.00  from holding Replimune Group or generate 27.68% return on investment over 90 days.

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

SentinelOne  vs.  Replimune Group

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.

Replimune Group

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Replimune Group are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite quite fragile basic indicators, Replimune disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with SentinelOne and Replimune

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

The idea behind SentinelOne and Replimune Group 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.