Correlation Between Crowdstrike Holdings and LLOYDS METALS

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

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

Diversification Opportunities for Crowdstrike Holdings and LLOYDS METALS

0.21

Correlation Coefficient

Crowdstrike Holdings  LLOYDS METALS

Modest diversification

The 3 months correlation between Crowdstrike and LLOYDS is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and LLOYDS METALS AND in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LLOYDS METALS AND 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 LLOYDS METALS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LLOYDS METALS AND has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and LLOYDS METALS go up and down completely randomly.

Pair Corralation between Crowdstrike Holdings and LLOYDS METALS

Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 1.36 times more return on investment than LLOYDS METALS. However, Crowdstrike Holdings is 1.36 times more volatile than LLOYDS METALS AND. It trades about -0.01 of its potential returns per unit of risk. LLOYDS METALS AND is currently generating about -0.12 per unit of risk. If you would invest  50,546  in Crowdstrike Holdings on July 6, 2025 and sell it today you would lose (1,558) from holding Crowdstrike Holdings or give up 3.08% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Crowdstrike Holdings  vs.  LLOYDS METALS AND

Crowdstrike Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Crowdstrike Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Crowdstrike Holdings is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

LLOYDS METALS AND

Risk-Adjusted Performance

Weakest

Over the last 90 days LLOYDS METALS AND has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in November 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Crowdstrike Holdings and LLOYDS METALS

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

The idea behind Crowdstrike Holdings and LLOYDS METALS AND 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.