Correlation Between Crowdstrike Holdings and TeraGo

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

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

Diversification Opportunities for Crowdstrike Holdings and TeraGo

-0.47

Correlation Coefficient

Crowdstrike Holdings  TeraGo

Very good diversification

The 3 months correlation between Crowdstrike and TeraGo is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding Crowdstrike Holdings and TeraGo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TeraGo Inc 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 TeraGo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TeraGo Inc has no effect on the direction of Crowdstrike Holdings i.e., Crowdstrike Holdings and TeraGo go up and down completely randomly.

Pair Corralation between Crowdstrike Holdings and TeraGo

Given the investment horizon of 90 days Crowdstrike Holdings is expected to generate 0.46 times more return on investment than TeraGo. However, Crowdstrike Holdings is 2.17 times less risky than TeraGo. It trades about -0.11 of its potential returns per unit of risk. TeraGo Inc is currently generating about -0.15 per unit of risk. If you would invest  54,586  in Crowdstrike Holdings on September 13, 2025 and sell it today you would lose (2,632) from holding Crowdstrike Holdings or give up 4.82% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	95.45%
Values	Daily Returns

Crowdstrike Holdings  vs.  TeraGo Inc

Crowdstrike Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Crowdstrike Holdings are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather inconsistent basic indicators, Crowdstrike Holdings exhibited solid returns over the last few months and may actually be approaching a breakup point.

TeraGo Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days TeraGo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Crowdstrike Holdings and TeraGo

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

The idea behind Crowdstrike Holdings and TeraGo Inc 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.