Correlation Between Crowdstrike Holdings and Calvert Emerging

Can any of the company-specific risk be diversified away by investing in both Crowdstrike Holdings and Calvert Emerging 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 Calvert Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Crowdstrike Holdings and Calvert Emerging Markets, you can compare the effects of market volatilities on Crowdstrike Holdings and Calvert Emerging 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 Calvert Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Crowdstrike Holdings and Calvert Emerging.

Diversification Opportunities for Crowdstrike Holdings and Calvert Emerging

0.77

Correlation Coefficient

Crowdstrike Holdings  Calvert Emerging

Poor diversification

The 3 months correlation between Crowdstrike and Calvert is 0.77. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and Calvert Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Calvert Emerging Markets 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 Calvert Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Calvert Emerging Markets has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and Calvert Emerging go up and down completely randomly.

Pair Corralation between Crowdstrike Holdings and Calvert Emerging

Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 3.29 times more return on investment than Calvert Emerging. However, Crowdstrike Holdings is 3.29 times more volatile than Calvert Emerging Markets. It trades about 0.09 of its potential returns per unit of risk. Calvert Emerging Markets is currently generating about 0.1 per unit of risk. If you would invest  44,200  in Crowdstrike Holdings on August 28, 2025 and sell it today you would earn a total of  5,954  from holding Crowdstrike Holdings or generate 13.47% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.44%
Values	Daily Returns

Crowdstrike Holdings  vs.  Calvert Emerging Markets

Crowdstrike Holdings

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Crowdstrike Holdings are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, Crowdstrike Holdings exhibited solid returns over the last few months and may actually be approaching a breakup point.

Calvert Emerging Markets

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Calvert Emerging Markets are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Calvert Emerging is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Crowdstrike Holdings and Calvert Emerging

The main advantage of trading using opposite Crowdstrike Holdings and Calvert Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Crowdstrike Holdings position performs unexpectedly, Calvert Emerging 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 Calvert Emerging will offset losses from the drop in Calvert Emerging's long position.

The idea behind Crowdstrike Holdings and Calvert Emerging Markets pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.