Sentinelone Inc Correlations

S
 Stock
  

USD 28.62  0.28  0.97%   

The correlation of Sentinelone Inc is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sentinelone Inc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sentinelone Inc Cl moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Sentinelone Inc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sentinelone Inc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sentinelone Inc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sentinelone Inc Cl to buy it.

Moving together with Sentinelone Inc

0.61SBACSBA CommunicationsPairCorr
0.77TMUST-Mobile USPairCorr
0.79MSFTMicrosoft CorpPairCorr
0.7ORCLOracle CorpPairCorr
0.75SNPSSynopsys Earnings Call  TodayPairCorr
0.66ADYEYAdyen NV ADRPairCorr
0.71ADYYFADYEN NVPairCorr
0.81CRWDCrowdstrike HoldingsPairCorr
0.83MDBMongodb Inc ClPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
TVZ
PFET
PGECL
COSTATAI
ECLBBBY
DDBBBY
  
High negative correlations   
COSTVZ
COSTT
ECLVZ
ATAIVZ
ECLT
DDCOST

Sentinelone Inc Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Sentinelone Stock performing well and Sentinelone Inc company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Sentinelone Inc's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
VZ 0.93 (0.09)  0.00 (0.15)  0.00 (0.11)  0.00  1.79 (2.43)  10.04 
T 1.08 (0.18)  0.00 (0.19)  0.00 (0.14)  0.00  1.82 (2.45)  10.60 
BBBY 7.44  1.41  0.21  0.63  6.67  0.15 (8.98)  23.55 (9.94)  54.03 
ECL 1.57  0.04  0.03  0.14  1.80  0.0306 (1.70)  4.01 (3.35)  10.05 
ATAI 3.63  0.48  0.13  0.37  4.15  0.12 (3.90)  8.15 (7.86)  20.29 
COST 1.60  0.07  0.04  0.16  2.62  0.0446 (1.65)  3.68 (2.39)  14.73 
PG 1.25 (0.08) (0.06) (0.01)  2.02 (0.07) (1.18)  2.29 (2.67)  9.21 
DD 1.62 (0.14) (0.05)  0.01  1.93 (0.046) (1.87)  3.56 (3.21)  9.48 
PFE 1.28 (0.08) (0.06)  0.00  1.78 (0.07) (1.18)  3.00 (3.17)  7.74 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sentinelone Inc without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Analyst Recommendations Now

   

Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
All  Next Launch Module

Sentinelone Inc Corporate Directors

Sentinelone Inc corporate directors refer to members of a Sentinelone Inc board of directors. The board of directors generally takes responsibility for the Sentinelone Inc's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Sentinelone Inc's board members must vote for the resolution. The Sentinelone Inc board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Julius Genachowski - Independent DirectorProfile
Robert Bennett - DirectorProfile
Sara Tucker - Independent DirectorProfile
Michael Mullen - Independent DirectorProfile

Invested in Sentinelone Inc Cl?

You need to understand the risk of investing before taking a position in Sentinelone Inc. The danger of trading Sentinelone Inc Cl is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Sentinelone Inc is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Sentinelone Inc. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Sentinelone Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Sentinelone Inc information on this page should be used as a complementary analysis to other Sentinelone Inc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for Sentinelone Stock analysis

When running Sentinelone Inc price analysis, check to measure Sentinelone Inc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sentinelone Inc is operating at the current time. Most of Sentinelone Inc's value examination focuses on studying past and present price action to predict the probability of Sentinelone Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sentinelone Inc's price. Additionally, you may evaluate how the addition of Sentinelone Inc to your portfolios can decrease your overall portfolio volatility.
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Is Sentinelone Inc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sentinelone Inc. If investors know Sentinelone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sentinelone Inc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
7.8 B
Quarterly Revenue Growth YOY
1.09
Return On Assets
-0.14
Return On Equity
-0.3
The market value of Sentinelone Inc is measured differently than its book value, which is the value of Sentinelone that is recorded on the company's balance sheet. Investors also form their own opinion of Sentinelone Inc's value that differs from its market value or its book value, called intrinsic value, which is Sentinelone Inc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sentinelone Inc's market value can be influenced by many factors that don't directly affect Sentinelone Inc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sentinelone Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Sentinelone Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sentinelone Inc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.