Correlation Between SentinelOne and Catalyst/map Global
Can any of the company-specific risk be diversified away by investing in both SentinelOne and Catalyst/map Global 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 Catalyst/map Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and Catalystmap Global Balanced, you can compare the effects of market volatilities on SentinelOne and Catalyst/map Global 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 Catalyst/map Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and Catalyst/map Global.
Diversification Opportunities for SentinelOne and Catalyst/map Global
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between SentinelOne and Catalyst/map is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Catalystmap Global Balanced in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Catalyst/map Global 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 Catalyst/map Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Catalyst/map Global has no effect on the direction of SentinelOne i.e., SentinelOne and Catalyst/map Global go up and down completely randomly.
Pair Corralation between SentinelOne and Catalyst/map Global
Taking into account the 90-day investment horizon SentinelOne is expected to generate 9.06 times more return on investment than Catalyst/map Global. However, SentinelOne is 9.06 times more volatile than Catalystmap Global Balanced. It trades about 0.05 of its potential returns per unit of risk. Catalystmap Global Balanced is currently generating about 0.36 per unit of risk. If you would invest 1,842 in SentinelOne on April 25, 2025 and sell it today you would earn a total of 105.00 from holding SentinelOne or generate 5.7% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
SentinelOne vs. Catalystmap Global Balanced
Performance |
Timeline |
SentinelOne |
Catalyst/map Global |
SentinelOne and Catalyst/map Global Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with SentinelOne and Catalyst/map Global
The main advantage of trading using opposite SentinelOne and Catalyst/map Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, Catalyst/map Global 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 Catalyst/map Global will offset losses from the drop in Catalyst/map Global's long position.SentinelOne vs. Affirm Holdings | SentinelOne vs. Arqit Quantum | SentinelOne vs. GigaCloud Technology Class | SentinelOne vs. Getty Images Holdings |
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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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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