Correlation Between SentinelOne and WFD Unibail

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

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

Diversification Opportunities for SentinelOne and WFD Unibail

-0.21

Correlation Coefficient

SentinelOne  WFD Unibail

Very good diversification

The 3 months correlation between SentinelOne and WFD is -0.21. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and WFD Unibail Rodamco in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on WFD Unibail Rodamco 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 WFD Unibail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of WFD Unibail Rodamco has no effect on the direction of SentinelOne i.e., SentinelOne and WFD Unibail go up and down completely randomly.

Pair Corralation between SentinelOne and WFD Unibail

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the WFD Unibail. In addition to that, SentinelOne is 2.08 times more volatile than WFD Unibail Rodamco. It trades about -0.11 of its total potential returns per unit of risk. WFD Unibail Rodamco is currently generating about 0.0 per unit of volatility. If you would invest  10,288  in WFD Unibail Rodamco on September 8, 2025 and sell it today you would lose (93.00) from holding WFD Unibail Rodamco or give up 0.9% of portfolio value over 90 days.

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

SentinelOne  vs.  WFD Unibail Rodamco

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.

WFD Unibail Rodamco

Risk-Adjusted Performance

Weakest

Over the last 90 days WFD Unibail Rodamco has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable essential indicators, WFD Unibail is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with SentinelOne and WFD Unibail

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

The idea behind SentinelOne and WFD Unibail Rodamco 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.