Correlation Between SentinelOne and Stack Capital
Can any of the company-specific risk be diversified away by investing in both SentinelOne and Stack Capital 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 Stack Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and Stack Capital Group, you can compare the effects of market volatilities on SentinelOne and Stack Capital 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 Stack Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and Stack Capital.
Diversification Opportunities for SentinelOne and Stack Capital
-0.49 | Correlation Coefficient |
Very good diversification
The 3 months correlation between SentinelOne and Stack is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Stack Capital Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stack Capital 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 Stack Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stack Capital Group has no effect on the direction of SentinelOne i.e., SentinelOne and Stack Capital go up and down completely randomly.
Pair Corralation between SentinelOne and Stack Capital
Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Stack Capital. In addition to that, SentinelOne is 1.22 times more volatile than Stack Capital Group. It trades about -0.04 of its total potential returns per unit of risk. Stack Capital Group is currently generating about 0.07 per unit of volatility. If you would invest 1,112 in Stack Capital Group on October 3, 2025 and sell it today you would earn a total of 432.00 from holding Stack Capital Group or generate 38.85% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 99.6% |
| Values | Daily Returns |
SentinelOne vs. Stack Capital Group
Performance |
| Timeline |
| SentinelOne |
| Stack Capital Group |
SentinelOne and Stack Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SentinelOne and Stack Capital
The main advantage of trading using opposite SentinelOne and Stack Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, Stack Capital 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 Stack Capital will offset losses from the drop in Stack Capital's long position.| SentinelOne vs. Apple Inc | SentinelOne vs. Alphabet Inc Class A | SentinelOne vs. NVIDIA | SentinelOne vs. SPS Commerce |
| Stack Capital vs. Global Dividend Growth | Stack Capital vs. Dividend 15 Split | Stack Capital vs. Premium Income | Stack Capital vs. Canadian Life Companies |
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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