Correlation Between SentinelOne and Fidelity Emerging

Can any of the company-specific risk be diversified away by investing in both SentinelOne and Fidelity Emerging 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 Fidelity Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between SentinelOne and Fidelity Emerging Markets, you can compare the effects of market volatilities on SentinelOne and Fidelity Emerging 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 Fidelity Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of SentinelOne and Fidelity Emerging.

Diversification Opportunities for SentinelOne and Fidelity Emerging

-0.39

Correlation Coefficient

SentinelOne  Fidelity Emerging

Very good diversification

The 3 months correlation between SentinelOne and Fidelity is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding SentinelOne and Fidelity Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fidelity Emerging Markets 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 Fidelity Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fidelity Emerging Markets has no effect on the direction of SentinelOne i.e., SentinelOne and Fidelity Emerging go up and down completely randomly.

Pair Corralation between SentinelOne and Fidelity Emerging

Taking into account the 90-day investment horizon SentinelOne is expected to under-perform the Fidelity Emerging. In addition to that, SentinelOne is 3.55 times more volatile than Fidelity Emerging Markets. It trades about -0.09 of its total potential returns per unit of risk. Fidelity Emerging Markets is currently generating about -0.09 per unit of volatility. If you would invest  1,381  in Fidelity Emerging Markets on August 21, 2025 and sell it today you would lose (21.00) from holding Fidelity Emerging Markets or give up 1.52% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	95.65%
Values	Daily Returns

SentinelOne  vs.  Fidelity Emerging Markets

SentinelOne

Risk-Adjusted Performance

Weakest

Over the last 90 days SentinelOne has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SentinelOne is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Fidelity Emerging Markets

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Fidelity Emerging Markets are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Fidelity Emerging may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with SentinelOne and Fidelity Emerging

The main advantage of trading using opposite SentinelOne and Fidelity Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SentinelOne position performs unexpectedly, Fidelity Emerging 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 Fidelity Emerging will offset losses from the drop in Fidelity Emerging's long position.

The idea behind SentinelOne and Fidelity Emerging Markets 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.

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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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.