Crowdstrike Holdings Correlations

CRWD Stock

USD 347.59 16.71 4.59%

The current 90-days correlation between Crowdstrike Holdings and Splunk Inc is 0.03 (i.e., Significant 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

Very weak diversification

The correlation between Crowdstrike Holdings and DJI is 0.5 (i.e., Very 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 housing.

For information on how to trade Crowdstrike Stock refer to our How to Trade Crowdstrike Stock guide.

Moving together with Crowdstrike Stock

0.92	S	SentinelOne	Pair Corr
0.87	NN	Nextnav Acquisition Corp	Pair Corr
0.94	SQ	Block Inc Sell-off Trend	Pair Corr
0.82	ZS	Zscaler	Pair Corr
0.64	DTSS	Datasea	Pair Corr
0.76	EVCM	EverCommerce	Pair Corr
0.68	EVTC	Evertec	Pair Corr
0.74	CETXP	Cemtrex Pref	Pair Corr
0.9	FFIV	F5 Networks	Pair Corr
0.8	FIVN	Five9 Inc	Pair Corr
0.74	FLYW	Flywire Corp	Pair Corr
0.97	FOUR	Shift4 Payments	Pair Corr
0.94	DBX	Dropbox	Pair Corr
0.74	DLO	Dlocal	Pair Corr
0.92	GEN	Gen Digital Sell-off Trend	Pair Corr
0.9	FTNT	Fortinet	Pair Corr
0.82	IOT	Samsara	Pair Corr
0.94	NET	Cloudflare	Pair Corr
0.85	ODD	ODDITY Tech	Pair Corr
0.87	PAY	Paymentus Holdings	Pair Corr

Moving against Crowdstrike Stock

0.72	VRAR	Glimpse Group	Pair Corr
0.62	MQ	Marqeta	Pair Corr
0.54	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.47	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.42	PGY	Pagaya Technologies Tech Boost	Pair Corr

Related Correlations Analysis

	SPLK	ADBE	PLTR	ZS	OKTA	NET	MDB	PANW	PATH	MSFT
SPLK		-0.77	0.76	0.64	-0.12	0.76	0.07	0.72	0.37	-0.06	SPLK
ADBE	-0.77		-0.46	-0.26	0.37	-0.49	0.09	-0.31	-0.08	-0.17	ADBE
PLTR	0.76	-0.46		0.73	-0.13	0.86	0.55	0.86	0.63	0.07	PLTR
ZS	0.64	-0.26	0.73		0.39	0.82	0.3	0.86	0.68	-0.06	ZS
OKTA	-0.12	0.37	-0.13	0.39		0.01	-0.26	0.08	0.25	-0.14	OKTA
NET	0.76	-0.49	0.86	0.82	0.01		0.56	0.86	0.75	0.06	NET
MDB	0.07	0.09	0.55	0.3	-0.26	0.56		0.47	0.6	0.16	MDB
PANW	0.72	-0.31	0.86	0.86	0.08	0.86	0.47		0.66	-0.1	PANW
PATH	0.37	-0.08	0.63	0.68	0.25	0.75	0.6	0.66		0.08	PATH
MSFT	-0.06	-0.17	0.07	-0.06	-0.14	0.06	0.16	-0.1	0.08		MSFT
	SPLK	ADBE	PLTR	ZS	OKTA	NET	MDB	PANW	PATH	MSFT

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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

NET	+ 0.86	PLTR
PANW	+ 0.86	PLTR
PANW	+ 0.86	ZS
PANW	+ 0.86	NET
NET	+ 0.82	ZS
PLTR	+ 0.76	SPLK

High negative correlations

ADBE	- 0.77	SPLK
NET	- 0.49	ADBE
PLTR	- 0.46	ADBE
PANW	- 0.31	ADBE
MDB	- 0.26	OKTA
ZS	- 0.26	ADBE

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
SPLK	1.63	0.25	0.03	(0.36)	1.70	(1.91)	4.36	(3.33)	10.70
ADBE	1.35	(0.19)	0.00	(0.10)	0.00	0.00	2.87	(2.89)	10.09
PLTR	2.56	0.94	0.47	0.52	1.44	(3.07)	8.61	(2.80)	30.33
ZS	1.91	(0.02)	0.00	0.10	3.72	(1.94)	3.73	(3.37)	20.36
OKTA	1.47	(0.44)	0.00	(0.38)	0.00	0.00	2.39	(3.42)	17.64
NET	2.01	0.16	0.12	0.22	1.77	(2.42)	5.47	(3.44)	13.45
MDB	2.48	0.30	0.18	0.29	1.89	(2.95)	6.18	(3.09)	23.05
PANW	1.35	0.06	0.04	0.17	1.75	(1.35)	2.45	(2.51)	9.85
PATH	1.93	(0.06)	0.03	0.09	2.53	(1.97)	4.52	(3.82)	12.04
MSFT	0.90	(0.03)	(0.04)	0.07	1.49	(0.86)	2.09	(1.85)	8.19

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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