Correlation Between SentinelOne and SoftwareONE Holding
Can any of the company-specific risk be diversified away by investing in both SentinelOne and SoftwareONE Holding 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 SoftwareONE Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SentinelOne and SoftwareONE Holding AG, you can compare the effects of market volatilities on SentinelOne and SoftwareONE Holding 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 SoftwareONE Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and SoftwareONE Holding.
Diversification Opportunities for SentinelOne and SoftwareONE Holding
-0.6 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between SentinelOne and SoftwareONE is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and SoftwareONE Holding AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SoftwareONE Holding 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 SoftwareONE Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SoftwareONE Holding has no effect on the direction of SentinelOne i.e., SentinelOne and SoftwareONE Holding go up and down completely randomly.
Pair Corralation between SentinelOne and SoftwareONE Holding
Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the SoftwareONE Holding. In addition to that, SentinelOne is 1.03 times more volatile than SoftwareONE Holding AG. It trades about -0.05 of its total potential returns per unit of risk. SoftwareONE Holding AG is currently generating about 0.06 per unit of volatility. If you would invest 820.00 in SoftwareONE Holding AG on October 14, 2025 and sell it today you would earn a total of 62.00 from holding SoftwareONE Holding AG or generate 7.56% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 95.16% |
| Values | Daily Returns |
SentinelOne vs. SoftwareONE Holding AG
Performance |
| Timeline |
| SentinelOne |
| SoftwareONE Holding |
SentinelOne and SoftwareONE Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SentinelOne and SoftwareONE Holding
The main advantage of trading using opposite SentinelOne and SoftwareONE Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, SoftwareONE Holding 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 SoftwareONE Holding will offset losses from the drop in SoftwareONE Holding's long position.| SentinelOne vs. Rallybio Corp | SentinelOne vs. Plus Therapeutics | SentinelOne vs. Intensity Therapeutics Common | SentinelOne vs. iBio Common Stock |
| SoftwareONE Holding vs. Comet Holding AG | SoftwareONE Holding vs. Ams AG | SoftwareONE Holding vs. U Blox Holding | SoftwareONE Holding vs. Inficon Holding |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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