Correlation Between SentinelOne and CN Energy
Can any of the company-specific risk be diversified away by investing in both SentinelOne and CN Energy 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 CN Energy into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and CN Energy Group, you can compare the effects of market volatilities on SentinelOne and CN Energy 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 CN Energy. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and CN Energy.
Diversification Opportunities for SentinelOne and CN Energy
0.47 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between SentinelOne and CNEY is 0.47. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and CN Energy Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CN Energy 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 CN Energy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CN Energy Group has no effect on the direction of SentinelOne i.e., SentinelOne and CN Energy go up and down completely randomly.
Pair Corralation between SentinelOne and CN Energy
Taking into account the 90-day investment horizon SentinelOne is expected to generate 0.67 times more return on investment than CN Energy. However, SentinelOne is 1.48 times less risky than CN Energy. It trades about 0.0 of its potential returns per unit of risk. CN Energy Group is currently generating about -0.05 per unit of risk. If you would invest 1,779 in SentinelOne on July 13, 2025 and sell it today you would lose (54.00) from holding SentinelOne or give up 3.04% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
SentinelOne vs. CN Energy Group
Performance |
| Timeline |
| SentinelOne |
| CN Energy Group |
SentinelOne and CN Energy Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SentinelOne and CN Energy
The main advantage of trading using opposite SentinelOne and CN Energy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, CN Energy 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 CN Energy will offset losses from the drop in CN Energy's long position.| SentinelOne vs. Crowdstrike Holdings | SentinelOne vs. CoreWeave, Class A | SentinelOne vs. Palo Alto Networks | SentinelOne vs. Core Scientific, Common |
| CN Energy vs. Baosheng Media Group | CN Energy vs. Connect Biopharma Holdings | CN Energy vs. Coroware | CN Energy vs. Crown Electrokinetics Corp |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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