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.

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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

0.7	EGAN	eGain	Pair Corr
0.61	RXT	Rackspace Technology	Pair Corr
0.79	MTLS	Materialise NV Earnings Call This Week	Pair Corr
0.74	NXPL	Nextplat Corp	Pair Corr
0.63	RMNI	Rimini Street	Pair Corr
0.63	MXC	Mexco Energy	Pair Corr

Moving against Crowdstrike Stock

0.68	TYL	Tyler Technologies Earnings Call This Week	Pair Corr
0.65	PTC	PTC Inc	Pair Corr
0.61	FNX	Fonix Mobile plc	Pair Corr
0.55	MTC	MMTEC Inc	Pair Corr
0.45	FRSH	Freshworks	Pair Corr
0.39	INTA	Intapp Inc	Pair Corr
0.38	MITK	Mitek Systems	Pair Corr
0.35	YOU	Clear Secure	Pair Corr
0.39	SSNC	SSC Technologies Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PANW	ADBE	ADI	NET	SNPS	MSTR	KLAC	CRWV	FTNT	DELL
PANW		0.14	0.42	0.53	-0.74	-0.46	0.71	0.5	0.11	0.38	PANW
ADBE	0.14		0.18	-0.33	0.28	0.45	-0.23	-0.26	0.49	-0.47	ADBE
ADI	0.42	0.18		0.33	-0.37	-0.53	0.22	-0.2	-0.46	-0.2	ADI
NET	0.53	-0.33	0.33		-0.73	-0.64	0.66	0.38	-0.35	0.27	NET
SNPS	-0.74	0.28	-0.37	-0.73		0.67	-0.77	-0.56	0.25	-0.4	SNPS
MSTR	-0.46	0.45	-0.53	-0.64	0.67		-0.48	-0.06	0.63	-0.32	MSTR
KLAC	0.71	-0.23	0.22	0.66	-0.77	-0.48		0.74	-0.08	0.64	KLAC
CRWV	0.5	-0.26	-0.2	0.38	-0.56	-0.06	0.74		0.18	0.64	CRWV
FTNT	0.11	0.49	-0.46	-0.35	0.25	0.63	-0.08	0.18		-0.1	FTNT
DELL	0.38	-0.47	-0.2	0.27	-0.4	-0.32	0.64	0.64	-0.1		DELL
	PANW	ADBE	ADI	NET	SNPS	MSTR	KLAC	CRWV	FTNT	DELL

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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

CRWV	+ 0.74	KLAC
KLAC	+ 0.71	PANW
MSTR	+ 0.67	SNPS
KLAC	+ 0.66	NET
DELL	+ 0.64	KLAC
DELL	+ 0.64	CRWV

High negative correlations

KLAC	- 0.77	SNPS
SNPS	- 0.74	PANW
SNPS	- 0.73	NET
MSTR	- 0.64	NET
CRWV	- 0.56	SNPS
MSTR	- 0.53	ADI

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
PANW	1.39	0.03	0.02	0.08	1.97	(1.41)	2.60	(3.08)	7.67
ADBE	1.21	(0.19)	0.00	(0.15)	0.00	0.00	2.45	(2.57)	6.84
ADI	1.11	(0.03)	(0.02)	0.02	1.64	(1.08)	2.41	(2.81)	11.54
NET	1.85	0.11	0.05	0.16	2.07	(1.91)	3.99	(3.23)	8.04
SNPS	2.57	(0.39)	0.00	(0.08)	0.00	0.00	4.08	(4.53)	43.12
MSTR	2.61	(0.71)	0.00	(0.33)	0.00	0.00	5.62	(6.99)	14.87
KLAC	1.78	0.22	0.07	0.22	2.79	(1.74)	4.30	(4.86)	12.45
CRWV	4.51	0.23	0.03	5.82	5.96	(4.74)	9.83	(8.75)	31.76
FTNT	1.73	(0.40)	0.00	(0.15)	0.00	0.00	2.92	(2.97)	23.48
DELL	2.18	0.27	0.10	0.32	2.51	(2.50)	5.58	(4.50)	14.82

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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