Correlation Between SentinelOne and Sekur Private

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

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

Diversification Opportunities for SentinelOne and Sekur Private

-0.24

Correlation Coefficient

SentinelOne  Sekur Private

Very good diversification

The 3 months correlation between SentinelOne and Sekur is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Sekur Private Data in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sekur Private Data 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 Sekur Private. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sekur Private Data has no effect on the direction of SentinelOne i.e., SentinelOne and Sekur Private go up and down completely randomly.

Pair Corralation between SentinelOne and Sekur Private

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Sekur Private. But the stock apears to be less risky and, when comparing its historical volatility, SentinelOne is 4.69 times less risky than Sekur Private. The stock trades about -0.02 of its potential returns per unit of risk. The Sekur Private Data is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  2.21  in Sekur Private Data on May 4, 2025 and sell it today you would earn a total of  5.86  from holding Sekur Private Data or generate 265.16% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

SentinelOne  vs.  Sekur Private Data

SentinelOne

Risk-Adjusted Performance

Very Weak

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.

Sekur Private Data

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Sekur Private Data are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Sekur Private reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with SentinelOne and Sekur Private

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

The idea behind SentinelOne and Sekur Private Data 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.