Correlation Between SentinelOne and TechCreate
Can any of the company-specific risk be diversified away by investing in both SentinelOne and TechCreate 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 TechCreate into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and TechCreate Group, you can compare the effects of market volatilities on SentinelOne and TechCreate 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 TechCreate. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and TechCreate.
Diversification Opportunities for SentinelOne and TechCreate
-0.27 | Correlation Coefficient |
Very good diversification
The 3 months correlation between SentinelOne and TechCreate is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and TechCreate Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TechCreate 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 TechCreate. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TechCreate Group has no effect on the direction of SentinelOne i.e., SentinelOne and TechCreate go up and down completely randomly.
Pair Corralation between SentinelOne and TechCreate
Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the TechCreate. But the stock apears to be less risky and, when comparing its historical volatility, SentinelOne is 1.65 times less risky than TechCreate. The stock trades about -0.11 of its potential returns per unit of risk. The TechCreate Group is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest 456.00 in TechCreate Group on October 25, 2025 and sell it today you would earn a total of 383.00 from holding TechCreate Group or generate 83.99% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
SentinelOne vs. TechCreate Group
Performance |
| Timeline |
| SentinelOne |
| TechCreate Group |
SentinelOne and TechCreate Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SentinelOne and TechCreate
The main advantage of trading using opposite SentinelOne and TechCreate positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, TechCreate 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 TechCreate will offset losses from the drop in TechCreate's long position.| SentinelOne vs. Wex Inc | SentinelOne vs. Shift4 Payments | SentinelOne vs. StoneCo | SentinelOne vs. Core Scientific Common |
| TechCreate vs. MicroAlgo | TechCreate vs. Intellicheck Mobilisa | TechCreate vs. Syntec Optics Holdings | TechCreate vs. Gauzy Ltd Ordinary |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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