Crowdstrike Holdings Correlations

CRWD Stock

USD 485.16 6.87 1.40%

The correlation of Crowdstrike Holdings 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.

Crowdstrike Holdings Correlation With Market

Good diversification

The correlation between Crowdstrike Holdings and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crowdstrike Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crowdstrike Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Crowdstrike Stock refer to our How to Trade Crowdstrike Stock guide.

Moving together with Crowdstrike Stock

0.78	AI	C3 Ai Inc	Pair Corr
0.79	GB	Global Blue Group	Pair Corr
0.79	MQ	Marqeta	Pair Corr
0.93	ZS	Zscaler	Pair Corr
0.73	VRAR	Glimpse Group	Pair Corr
0.93	VRNS	Varonis Systems	Pair Corr
0.87	VRSN	VeriSign	Pair Corr
0.62	FAAS	DigiAsia Corp	Pair Corr
0.61	FLYW	Flywire Corp	Pair Corr
0.77	BOX	Box Inc	Pair Corr
0.85	DBX	Dropbox	Pair Corr
0.77	DLO	Dlocal	Pair Corr
0.7	DOX	Amdocs	Pair Corr
0.71	GEN	Gen Digital	Pair Corr
0.77	FTNT	Fortinet	Pair Corr
0.68	IOT	Samsara	Pair Corr
0.67	MDB	MongoDB Earnings Call This Week	Pair Corr
0.9	NET	Cloudflare	Pair Corr
0.68	XNET	Xunlei Ltd Adr	Pair Corr
0.78	OLB	OLB Group	Pair Corr
0.88	PGY	Pagaya Technologies	Pair Corr
0.8	TCX	Tucows Inc	Pair Corr

Moving against Crowdstrike Stock

0.82	VERI	Veritone	Pair Corr
0.64	EXOD	Exodus Movement,	Pair Corr
0.36	DOCN	DigitalOcean Holdings	Pair Corr
0.69	APCXW	AppTech Payments Corp	Pair Corr
0.66	RXT	Rackspace Technology	Pair Corr
0.65	HPAI	Helport AI Limited	Pair Corr
0.61	HUBC	Hub Cyber Security Buyout Trend	Pair Corr
0.55	XBP	XBP Europe Holdings	Pair Corr
0.45	RPD	Rapid7 Inc	Pair Corr
0.44	KSPI	Joint Stock	Pair Corr
0.36	GRRR	Gorilla Technology Upward Rally	Pair Corr
0.34	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	SPLK	ADBE	PLTR	ZS	OKTA	NET	MDB	PANW	PATH	MSFT
SPLK		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SPLK
ADBE	0.0		0.64	0.71	0.55	0.8	0.85	0.81	0.79	0.78	ADBE
PLTR	0.0	0.64		0.91	0.27	0.89	0.64	0.84	0.92	0.93	PLTR
ZS	0.0	0.71	0.91		0.08	0.97	0.81	0.85	0.86	0.94	ZS
OKTA	0.0	0.55	0.27	0.08		0.19	0.29	0.47	0.43	0.33	OKTA
NET	0.0	0.8	0.89	0.97	0.19		0.84	0.84	0.89	0.95	NET
MDB	0.0	0.85	0.64	0.81	0.29	0.84		0.86	0.74	0.77	MDB
PANW	0.0	0.81	0.84	0.85	0.47	0.84	0.86		0.87	0.88	PANW
PATH	0.0	0.79	0.92	0.86	0.43	0.89	0.74	0.87		0.93	PATH
MSFT	0.0	0.78	0.93	0.94	0.33	0.95	0.77	0.88	0.93		MSFT
	SPLK	ADBE	PLTR	ZS	OKTA	NET	MDB	PANW	PATH	MSFT

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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	+ 0.97	ZS
MSFT	+ 0.95	NET
MSFT	+ 0.94	ZS
MSFT	+ 0.93	PLTR
MSFT	+ 0.93	PATH
PATH	+ 0.92	PLTR

High negative correlations

MSFT	- 0.0	SPLK
PATH	- 0.0	SPLK
PANW	- 0.0	SPLK
MDB	- 0.0	SPLK
NET	- 0.0	SPLK
OKTA	- 0.0	SPLK

Risk-Adjusted Indicators

There is a big difference between Crowdstrike Stock performing well and Crowdstrike Holdings 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 Crowdstrike Holdings' 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
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADBE	1.40	(0.07)	0.00	1.16	0.00	0.00	2.57	(4.74)	12.57
PLTR	3.35	0.83	0.17	(2.31)	4.01	(3.59)	7.73	(5.78)	31.05
ZS	1.85	0.66	0.21	(5.05)	2.26	(2.06)	4.76	(3.67)	17.84
OKTA	2.07	(0.19)	0.00	5.08	0.00	0.00	3.95	(4.85)	27.47
NET	2.42	0.73	0.17	7.61	3.22	(2.52)	5.62	(5.37)	21.78
MDB	2.32	0.15	0.04	(1.96)	2.82	(2.54)	6.91	(5.48)	23.45
PANW	1.78	0.15	0.04	(1.86)	2.53	(1.69)	3.51	(4.63)	20.23
PATH	1.97	0.00	0.09	0.00	2.15	(2.21)	4.14	(3.65)	18.42
MSFT	1.23	0.34	0.19	(5.80)	1.19	(1.34)	2.40	(2.36)	13.79

Crowdstrike Holdings Corporate Management

Anurag Saha	Chief Officer	Profile
Maria Riley	Vice Relations	Profile
Jennifer Johnson	Chief Officer	Profile
Brett Shirk	Chief Officer	Profile
Cathleen JD	Chief Officer	Profile
J Herrera	Chief Officer	Profile
Burt CPA	Chief Officer	Profile

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