Crowdstrike Holdings Correlations

CRWD Stock  USD 484.65  2.42  0.50%   
The current 90-days correlation between Crowdstrike Holdings and Palo Alto Networks is 0.51 (i.e., Very weak diversification). 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

Weak diversification

The correlation between Crowdstrike Holdings and DJI is 0.31 (i.e., Weak 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.
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 interest.
For information on how to trade Crowdstrike Stock refer to our How to Trade Crowdstrike Stock guide.

Moving together with Crowdstrike Stock

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Moving against Crowdstrike Stock

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Related Correlations Analysis


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

CRWVKLAC
KLACPANW
MSTRSNPS
KLACNET
DELLKLAC
DELLCRWV
  

High negative correlations

KLACSNPS
SNPSPANW
SNPSNET
MSTRNET
CRWVSNPS
MSTRADI

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PANW  1.39  0.03  0.02  0.08  1.97 
 2.60 
 7.67 
ADBE  1.21 (0.19) 0.00 (0.15) 0.00 
 2.45 
 6.84 
ADI  1.11 (0.03)(0.02) 0.02  1.64 
 2.41 
 11.54 
NET  1.85  0.11  0.05  0.16  2.07 
 3.99 
 8.04 
SNPS  2.57 (0.39) 0.00 (0.08) 0.00 
 4.08 
 43.12 
MSTR  2.61 (0.71) 0.00 (0.33) 0.00 
 5.62 
 14.87 
KLAC  1.78  0.22  0.07  0.22  2.79 
 4.30 
 12.45 
CRWV  4.51  0.23  0.03  5.82  5.96 
 9.83 
 31.76 
FTNT  1.73 (0.40) 0.00 (0.15) 0.00 
 2.92 
 23.48 
DELL  2.18  0.27  0.10  0.32  2.51 
 5.58 
 14.82 

Crowdstrike Holdings Corporate Management

Anurag SahaChief OfficerProfile
Maria RileyVice RelationsProfile
Jennifer JohnsonChief OfficerProfile
Brett ShirkChief OfficerProfile
Cathleen JDChief OfficerProfile
J HerreraChief OfficerProfile
Burt CPAChief OfficerProfile