SentinelOne Correlations

S Stock

USD 27.43 0.52 1.86%

The current 90-days correlation between SentinelOne and Uipath Inc is 0.43 (i.e., Very weak diversification). The correlation of SentinelOne is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

SentinelOne Correlation With Market

Very weak diversification

The correlation between SentinelOne and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SentinelOne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy SentinelOne Stock please use our How to Invest in SentinelOne guide.

Moving together with SentinelOne Stock

0.84	NN	Nextnav Acquisition Corp	Pair Corr
0.87	ZS	Zscaler	Pair Corr
0.67	DTSS	Datasea	Pair Corr
0.77	EVCM	EverCommerce	Pair Corr
0.61	EVTC	Evertec	Pair Corr
0.81	CETXP	Cemtrex Pref	Pair Corr
0.77	FIVN	Five9 Inc	Pair Corr
0.68	FLYW	Flywire Corp	Pair Corr
0.92	DBX	Dropbox	Pair Corr
0.64	DLO	Dlocal	Pair Corr
0.85	GEN	Gen Digital	Pair Corr
0.81	FTNT	Fortinet	Pair Corr
0.77	IOT	Samsara	Pair Corr
0.92	NET	Cloudflare	Pair Corr
0.84	RPD	Rapid7 Inc	Pair Corr
0.74	SWI	SolarWinds Corp	Pair Corr

Moving against SentinelOne Stock

0.65	VRAR	Glimpse Group	Pair Corr
0.64	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.6	VHAI	VHAI	Pair Corr
0.51	MQ	Marqeta	Pair Corr
0.44	VRNT	Verint Systems Earnings Call Tomorrow	Pair Corr
0.86	VHC	VirnetX Holding Corp Downward Rally	Pair Corr
0.83	TCX	Tucows Inc	Pair Corr
0.38	OLB	OLB Group	Pair Corr

Related Correlations Analysis

	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA
PANW		0.68	0.86	-0.28	0.88	0.86	0.91	0.72	0.86	0.53	PANW
PATH	0.68		0.75	-0.07	0.74	0.72	0.72	0.54	0.8	0.68	PATH
SQ	0.86	0.75		-0.33	0.94	0.95	0.86	0.8	0.9	0.4	SQ
ADBE	-0.28	-0.07	-0.33		-0.48	-0.37	-0.32	-0.65	-0.43	0.16	ADBE
CRWD	0.88	0.74	0.94	-0.48		0.94	0.9	0.88	0.94	0.46	CRWD
PLTR	0.86	0.72	0.95	-0.37	0.94		0.83	0.86	0.87	0.38	PLTR
ZS	0.91	0.72	0.86	-0.32	0.9	0.83		0.7	0.88	0.64	ZS
ORCL	0.72	0.54	0.8	-0.65	0.88	0.86	0.7		0.8	0.25	ORCL
NET	0.86	0.8	0.9	-0.43	0.94	0.87	0.88	0.8		0.52	NET
OKTA	0.53	0.68	0.4	0.16	0.46	0.38	0.64	0.25	0.52		OKTA
	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PLTR	+ 0.95	SQ
CRWD	+ 0.94	SQ
PLTR	+ 0.94	CRWD
NET	+ 0.94	CRWD
ZS	+ 0.91	PANW
NET	+ 0.9	SQ

High negative correlations

ORCL	- 0.65	ADBE
CRWD	- 0.48	ADBE
NET	- 0.43	ADBE
PLTR	- 0.37	ADBE
ADBE	- 0.33	SQ
ZS	- 0.32	ADBE

Risk-Adjusted Indicators

There is a big difference between SentinelOne Stock performing well and SentinelOne Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SentinelOne's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PANW	1.38	0.00	0.01	0.11	1.89	(1.34)	2.45	(3.03)	9.85
PATH	1.89	(0.03)	0.03	0.10	2.49	(1.95)	4.52	(3.82)	12.04
SQ	1.95	0.37	0.21	0.37	1.49	(2.24)	4.78	(2.94)	14.80
ADBE	1.33	(0.23)	0.00	(0.17)	0.00	0.00	2.87	(2.89)	9.62
CRWD	1.98	0.21	0.13	0.25	1.87	(2.18)	4.04	(3.44)	12.69
PLTR	2.54	0.96	0.47	0.52	1.41	(2.99)	8.61	(2.80)	30.33
ZS	1.91	(0.02)	0.00	0.10	3.80	(1.89)	3.73	(3.37)	20.05
ORCL	1.38	0.29	0.19	0.38	1.19	(1.55)	2.83	(1.90)	15.46
NET	2.08	0.23	0.14	0.26	1.79	(2.46)	5.47	(3.44)	13.45
OKTA	1.27	(0.09)	(0.05)	0.03	1.58	(1.39)	3.30	(3.03)	8.76

SentinelOne Corporate Management

Keenan Conder	Company Secretary, Chief Legal Officer	Profile
Mark Peek	Director	Profile
Richard Smith	Chief Officer	Profile
Robin CPA	Chief Officer	Profile
Eran Ashkenazi	Senior Vice President - Global Support and Services	Profile
Narayanan Srivatsan	Chief Officer	Profile
Sally Jenkins	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC