SentinelOne Correlations

S Stock

USD 20.86 1.02 4.66%

The current 90-days correlation between SentinelOne and Okta Inc is 0.59 (i.e., Very weak diversification). The correlation of SentinelOne is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

SentinelOne Correlation With Market

Modest diversification

The correlation between SentinelOne and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SentinelOne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy SentinelOne Stock please use our How to Invest in SentinelOne guide.

Moving together with SentinelOne Stock

0.65	ZS	Zscaler Earnings Call Tomorrow	Pair Corr
0.67	DTSS	Datasea	Pair Corr
0.74	VRNS	Varonis Systems	Pair Corr
0.62	EVCM	EverCommerce	Pair Corr
0.67	EVTC	Evertec Earnings Call Tomorrow	Pair Corr
0.83	FLYW	Flywire Corp	Pair Corr
0.89	GCT	GigaCloud Technology	Pair Corr
0.73	GEN	Gen Digital	Pair Corr
0.63	IOT	Samsara	Pair Corr
0.83	MDB	MongoDB Earnings Call Next Week	Pair Corr
0.71	PAY	Paymentus Holdings	Pair Corr

Moving against SentinelOne Stock

0.76	VRAR	Glimpse Group	Pair Corr
0.74	GB	Global Blue Group Tech Boost	Pair Corr
0.59	VRSN	VeriSign	Pair Corr
0.53	BB	BlackBerry	Pair Corr
0.47	EXOD	Exodus Movement,	Pair Corr
0.31	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.75	HCP	Hashicorp	Pair Corr
0.56	LIDRW	AEye Inc	Pair Corr
0.42	DBX	Dropbox	Pair Corr

Related Correlations Analysis

	CRWD	OKTA	NET	MDB	PANW	ZS	PATH	ADBE	SPLK	PLTR
CRWD		0.88	0.95	0.13	0.32	0.57	0.51	-0.22	0.0	0.92	CRWD
OKTA	0.88		0.93	-0.07	0.03	0.32	0.48	-0.41	0.0	0.84	OKTA
NET	0.95	0.93		0.0	0.18	0.43	0.43	-0.33	0.0	0.94	NET
MDB	0.13	-0.07	0.0		0.64	0.81	0.7	0.84	0.0	-0.01	MDB
PANW	0.32	0.03	0.18	0.64		0.67	0.45	0.64	0.0	0.26	PANW
ZS	0.57	0.32	0.43	0.81	0.67		0.74	0.58	0.0	0.41	ZS
PATH	0.51	0.48	0.43	0.7	0.45	0.74		0.44	0.0	0.36	PATH
ADBE	-0.22	-0.41	-0.33	0.84	0.64	0.58	0.44		0.0	-0.27	ADBE
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SPLK
PLTR	0.92	0.84	0.94	-0.01	0.26	0.41	0.36	-0.27	0.0		PLTR
	CRWD	OKTA	NET	MDB	PANW	ZS	PATH	ADBE	SPLK	PLTR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NET	+ 0.95	CRWD
PLTR	+ 0.94	NET
NET	+ 0.93	OKTA
PLTR	+ 0.92	CRWD
OKTA	+ 0.88	CRWD
PLTR	+ 0.84	OKTA

High negative correlations

ADBE	- 0.41	OKTA
ADBE	- 0.33	NET
PLTR	- 0.27	ADBE
ADBE	- 0.22	CRWD
MDB	- 0.07	OKTA
PLTR	- 0.01	MDB

Risk-Adjusted Indicators

There is a big difference between SentinelOne Stock performing well and SentinelOne Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SentinelOne's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CRWD	2.03	0.26	0.09	0.19	2.46	(2.12)	4.40	(3.68)	16.10
OKTA	1.60	0.33	0.18	0.52	1.59	(1.83)	4.24	(2.56)	10.08
NET	2.35	0.81	0.33	2.95	1.84	(2.73)	5.54	(2.83)	22.63
MDB	2.36	(0.01)	0.00	(0.01)	0.00	0.00	5.34	(4.69)	28.87
PANW	1.59	(0.04)	0.00	(0.36)	0.00	0.00	3.05	(3.90)	9.25
ZS	1.74	(0.01)	0.00	(0.03)	0.00	0.00	3.24	(3.79)	11.25
PATH	2.39	0.15	0.05	0.09	2.69	(2.69)	6.29	(5.10)	15.61
ADBE	1.24	(0.17)	0.00	(0.27)	0.00	0.00	2.31	(2.37)	17.61
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLTR	3.51	0.61	0.14	0.38	3.88	(3.89)	6.88	(6.86)	34.07

SentinelOne Corporate Management

Keenan Conder	Company Secretary, Chief Legal Officer	Profile
Mark Peek	Director	Profile
Richard Smith	Chief Officer	Profile
Robin CPA	Chief Officer	Profile
Eran Ashkenazi	Senior Vice President - Global Support and Services	Profile
Narayanan Srivatsan	Chief Officer	Profile
Sally Jenkins	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC