Correlation Between Crowdstrike Holdings and Celsius Holdings
Can any of the company-specific risk be diversified away by investing in both Crowdstrike Holdings and Celsius Holdings 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 Crowdstrike Holdings and Celsius Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Crowdstrike Holdings and Celsius Holdings, you can compare the effects of market volatilities on Crowdstrike Holdings and Celsius Holdings 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 Crowdstrike Holdings with a short position of Celsius Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Crowdstrike Holdings and Celsius Holdings.
Diversification Opportunities for Crowdstrike Holdings and Celsius Holdings
-0.3 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Crowdstrike and Celsius is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and Celsius Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Celsius Holdings and Crowdstrike Holdings 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 Crowdstrike Holdings are associated (or correlated) with Celsius Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Celsius Holdings has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and Celsius Holdings go up and down completely randomly.
Pair Corralation between Crowdstrike Holdings and Celsius Holdings
Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 0.6 times more return on investment than Celsius Holdings. However, Crowdstrike Holdings is 1.67 times less risky than Celsius Holdings. It trades about 0.14 of its potential returns per unit of risk. Celsius Holdings is currently generating about -0.13 per unit of risk. If you would invest 41,350 in Crowdstrike Holdings on September 2, 2025 and sell it today you would earn a total of 9,566 from holding Crowdstrike Holdings or generate 23.13% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Crowdstrike Holdings vs. Celsius Holdings
Performance |
| Timeline |
| Crowdstrike Holdings |
| Celsius Holdings |
Crowdstrike Holdings and Celsius Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Crowdstrike Holdings and Celsius Holdings
The main advantage of trading using opposite Crowdstrike Holdings and Celsius Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Crowdstrike Holdings position performs unexpectedly, Celsius Holdings 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 Celsius Holdings will offset losses from the drop in Celsius Holdings' long position.| Crowdstrike Holdings vs. Konoike Transport CoLtd | Crowdstrike Holdings vs. Healthy Coffee International | Crowdstrike Holdings vs. Knight Transportation | Crowdstrike Holdings vs. BJs Restaurants |
| Celsius Holdings vs. TeraForce Technology | Celsius Holdings vs. Orbite Technologies | Celsius Holdings vs. Summit Environmental | Celsius Holdings vs. Evolution Technology Resources |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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