Correlation Between SentinelOne and IShares Core
Can any of the company-specific risk be diversified away by investing in both SentinelOne and IShares Core 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 IShares Core into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and iShares Core Aggressive, you can compare the effects of market volatilities on SentinelOne and IShares Core 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 IShares Core. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and IShares Core.
Diversification Opportunities for SentinelOne and IShares Core
-0.38 | Correlation Coefficient |
Very good diversification
The 3 months correlation between SentinelOne and IShares is -0.38. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and iShares Core Aggressive in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on iShares Core Aggressive 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 IShares Core. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of iShares Core Aggressive has no effect on the direction of SentinelOne i.e., SentinelOne and IShares Core go up and down completely randomly.
Pair Corralation between SentinelOne and IShares Core
Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the IShares Core. In addition to that, SentinelOne is 4.77 times more volatile than iShares Core Aggressive. It trades about -0.08 of its total potential returns per unit of risk. iShares Core Aggressive is currently generating about 0.11 per unit of volatility. If you would invest 8,634 in iShares Core Aggressive on September 10, 2025 and sell it today you would earn a total of 353.00 from holding iShares Core Aggressive or generate 4.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
SentinelOne vs. iShares Core Aggressive
Performance |
| Timeline |
| SentinelOne |
| iShares Core Aggressive |
SentinelOne and IShares Core Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SentinelOne and IShares Core
The main advantage of trading using opposite SentinelOne and IShares Core positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, IShares Core 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 IShares Core will offset losses from the drop in IShares Core's long position.The idea behind SentinelOne and iShares Core Aggressive 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.| IShares Core vs. iShares Core Growth | IShares Core vs. iShares Core Moderate | IShares Core vs. Invesco SP 500 | IShares Core vs. Invesco China Technology |
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 Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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