Crowdstrike Holdings Correlations

Crowdstrike Holdings Correlation With Market

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.

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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    SNOW + 0.97 ZS ZS + 0.9 PANW SNOW + 0.88 PANW DOCU + 0.74 OKTA NET + 0.69 ZS SNOW + 0.68 NET

High negative correlations    OKTA - 0.45 NET OKTA - 0.34 ZS DOCU - 0.26 ZS SNOW - 0.25 OKTA DOCU - 0.25 NET DOCU - 0.16 SNOW

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.