Crowdstrike Holdings Correlations
| CRWD Stock | USD 294.10 0.41 0.14% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crowdstrike Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crowdstrike Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Crowdstrike Holdings and NYA is 0.39 (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 NYA in the same portfolio, assuming nothing else is changed.
Crowdstrike |
The ability to find closely correlated positions to Crowdstrike Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crowdstrike Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Crowdstrike Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Crowdstrike Holdings to buy it.
Moving together with Crowdstrike Stock
| 0.85 | DOCN | DigitalOcean Holdings Financial Report 14th of May 2024 | PairCorr |
| 0.73 | VRNS | Varonis Systems Financial Report 6th of May 2024 | PairCorr |
| 0.76 | VRNT | Verint Systems Financial Report 5th of June 2024 | PairCorr |
| 0.8 | EEFT | Euronet Worldwide Financial Report 7th of May 2024 | PairCorr |
Moving against Crowdstrike Stock
| 0.44 | BB | BlackBerry Financial Report 26th of June 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EVTC | 1.35 | (0.14) | 0.00 | (0.03) | 0.00 | 2.30 | 13.69 | |||
| CSGS | 1.33 | (0.15) | 0.00 | (0.06) | 0.00 | 2.10 | 19.07 | |||
| RDWR | 1.67 | (0.11) | 0.00 | (0.03) | 0.00 | 3.36 | 14.09 | |||
| NTCT | 1.84 | (0.31) | 0.00 | (0.11) | 0.00 | 3.86 | 16.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Crowdstrike Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
Crowdstrike Holdings Corporate Management
Elected by the shareholders, the Crowdstrike Holdings' board of directors comprises two types of representatives: Crowdstrike Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Crowdstrike. The board's role is to monitor Crowdstrike Holdings' management team and ensure that shareholders' interests are well served. Crowdstrike Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Crowdstrike Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jim Seidel | Chief Officer | Profile | |
| Anurag Saha | Chief Officer | Profile | |
| Maria Riley | Vice Relations | Profile | |
| Jennifer Johnson | Chief Officer | Profile | |
| J Herrera | Chief Officer | Profile | |
| Michael Sentonas | Chief Officer | Profile | |
| Burt Podbere | Chief Officer | Profile |
Already Invested in Crowdstrike Holdings?
The danger of trading Crowdstrike Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Crowdstrike Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Crowdstrike Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Crowdstrike Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Crowdstrike Holdings is a strong investment it is important to analyze Crowdstrike Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Crowdstrike Holdings' future performance. For an informed investment choice regarding Crowdstrike Stock, refer to the following important reports: 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 tightly coupled 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.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Crowdstrike Stock analysis
When running Crowdstrike Holdings' price analysis, check to measure Crowdstrike Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Crowdstrike Holdings is operating at the current time. Most of Crowdstrike Holdings' value examination focuses on studying past and present price action to predict the probability of Crowdstrike Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crowdstrike Holdings' price. Additionally, you may evaluate how the addition of Crowdstrike Holdings to your portfolios can decrease your overall portfolio volatility.
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
Is Crowdstrike Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Crowdstrike Holdings. If investors know Crowdstrike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Crowdstrike Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.38 | Revenue Per Share 12.804 | Quarterly Revenue Growth 0.326 | Return On Assets (0.0002) | Return On Equity 0.0474 |
The market value of Crowdstrike Holdings is measured differently than its book value, which is the value of Crowdstrike that is recorded on the company's balance sheet. Investors also form their own opinion of Crowdstrike Holdings' value that differs from its market value or its book value, called intrinsic value, which is Crowdstrike Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Crowdstrike Holdings' market value can be influenced by many factors that don't directly affect Crowdstrike Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Crowdstrike Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crowdstrike Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crowdstrike Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.