Correlation Between Crowdstrike Holdings and KAISER
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By analyzing existing cross correlation between Crowdstrike Holdings and KAISER FNDTN HOSPS, you can compare the effects of market volatilities on Crowdstrike Holdings and KAISER 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 KAISER. Check out your portfolio center. Please also check ongoing floating volatility patterns of Crowdstrike Holdings and KAISER.
Diversification Opportunities for Crowdstrike Holdings and KAISER
-0.59 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Crowdstrike and KAISER is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and KAISER FNDTN HOSPS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KAISER FNDTN HOSPS 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 KAISER. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KAISER FNDTN HOSPS has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and KAISER go up and down completely randomly.
Pair Corralation between Crowdstrike Holdings and KAISER
Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 1.77 times more return on investment than KAISER. However, Crowdstrike Holdings is 1.77 times more volatile than KAISER FNDTN HOSPS. It trades about 0.4 of its potential returns per unit of risk. KAISER FNDTN HOSPS is currently generating about -0.1 per unit of risk. If you would invest 30,132 in Crowdstrike Holdings on August 28, 2024 and sell it today you would earn a total of 6,236 from holding Crowdstrike Holdings or generate 20.7% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.24% |
| Values | Daily Returns |
Crowdstrike Holdings vs. KAISER FNDTN HOSPS
Performance |
| Timeline |
| Crowdstrike Holdings |
| KAISER FNDTN HOSPS |
Crowdstrike Holdings and KAISER Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Crowdstrike Holdings and KAISER
The main advantage of trading using opposite Crowdstrike Holdings and KAISER positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Crowdstrike Holdings position performs unexpectedly, KAISER 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 KAISER will offset losses from the drop in KAISER's long position.| Crowdstrike Holdings vs. GigaCloud Technology Class | Crowdstrike Holdings vs. Arqit Quantum | Crowdstrike Holdings vs. Telos Corp | Crowdstrike Holdings vs. Cemtrex |
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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 Transaction History module to view history of all your transactions and understand their impact on performance.
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