Correlation Between Crowdstrike Holdings and Jones Soda

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

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

Diversification Opportunities for Crowdstrike Holdings and Jones Soda

-0.11

Correlation Coefficient

Crowdstrike Holdings  Jones Soda

Good diversification

The 3 months correlation between Crowdstrike and Jones is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and Jones Soda Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jones Soda 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 Jones Soda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jones Soda has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and Jones Soda go up and down completely randomly.

Pair Corralation between Crowdstrike Holdings and Jones Soda

Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 0.55 times more return on investment than Jones Soda. However, Crowdstrike Holdings is 1.82 times less risky than Jones Soda. It trades about 0.15 of its potential returns per unit of risk. Jones Soda Co is currently generating about 0.04 per unit of risk. If you would invest  41,320  in Crowdstrike Holdings on September 3, 2025 and sell it today you would earn a total of  10,375  from holding Crowdstrike Holdings or generate 25.11% return on investment over 90 days.

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

Crowdstrike Holdings  vs.  Jones Soda Co

Crowdstrike Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Crowdstrike Holdings are ranked lower than 11 (%) 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.

Jones Soda

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Jones Soda Co are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat uncertain fundamental indicators, Jones Soda may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Crowdstrike Holdings and Jones Soda

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

The idea behind Crowdstrike Holdings and Jones Soda Co 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.

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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 Global Correlations module to find global opportunities by holding instruments from different markets.