Freshworks Correlations

FRSH Stock

USD 11.59 0.47 3.90%

The correlation of Freshworks 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Freshworks Correlation With Market

Average diversification

The correlation between Freshworks and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freshworks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Freshworks Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freshworks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Freshworks Stock please use our How to Invest in Freshworks guide.

Moving together with Freshworks Stock

0.71	U	Unity Software Earnings Call This Week	Pair Corr
0.66	NRDY	Nerdy Inc	Pair Corr

Moving against Freshworks Stock

0.64	ZENA	ZenaTech	Pair Corr
0.54	002232	Qiming Information	Pair Corr
0.51	TTD	Trade Desk	Pair Corr
0.5	VHC	VirnetX Holding Corp	Pair Corr
0.45	HKIT	Hitek Global Ordinary	Pair Corr
0.44	688039	Hangzhou Arcvideo	Pair Corr
0.42	PD	Pagerduty	Pair Corr
0.41	ESTC	Elastic NV	Pair Corr
0.39	MLGO	MicroAlgo	Pair Corr
0.38	MNDY	MondayCom	Pair Corr
0.34	DOMO	Domo Inc	Pair Corr
0.71	ALAR	Alarum Technologies	Pair Corr
0.46	UPLD	Upland Software	Pair Corr
0.43	PHUN	Phunware	Pair Corr
0.46	AVAI	Avant Technologies	Pair Corr

Related Correlations Analysis

	VERX	ASAN	NCNO	KC	DAVE	GBTG	PTRN	BLKB	INTA	BRZE
VERX		0.48	0.55	0.46	0.49	0.36	0.33	0.61	-0.29	-0.11	VERX
ASAN	0.48		0.65	-0.19	0.45	0.55	-0.15	0.85	0.37	0.66	ASAN
NCNO	0.55	0.65		0.01	0.7	0.42	0.3	0.67	0.08	0.37	NCNO
KC	0.46	-0.19	0.01		0.05	-0.08	0.51	-0.11	-0.66	-0.65	KC
DAVE	0.49	0.45	0.7	0.05		0.52	0.45	0.51	0.0	0.09	DAVE
GBTG	0.36	0.55	0.42	-0.08	0.52		-0.13	0.61	0.15	0.31	GBTG
PTRN	0.33	-0.15	0.3	0.51	0.45	-0.13		-0.14	-0.69	-0.64	PTRN
BLKB	0.61	0.85	0.67	-0.11	0.51	0.61	-0.14		0.35	0.57	BLKB
INTA	-0.29	0.37	0.08	-0.66	0.0	0.15	-0.69	0.35		0.81	INTA
BRZE	-0.11	0.66	0.37	-0.65	0.09	0.31	-0.64	0.57	0.81		BRZE
	VERX	ASAN	NCNO	KC	DAVE	GBTG	PTRN	BLKB	INTA	BRZE

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BLKB	+ 0.85	ASAN
BRZE	+ 0.81	INTA
DAVE	+ 0.7	NCNO
BLKB	+ 0.67	NCNO
BRZE	+ 0.66	ASAN
NCNO	+ 0.65	ASAN

High negative correlations

INTA	- 0.69	PTRN
INTA	- 0.66	KC
BRZE	- 0.65	KC
BRZE	- 0.64	PTRN
INTA	- 0.29	VERX
KC	- 0.19	ASAN

Risk-Adjusted Indicators

There is a big difference between Freshworks Stock performing well and Freshworks 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 Freshworks' 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
VERX	1.76	(0.34)	0.00	0.72	0.00	0.00	3.45	(4.81)	10.98
ASAN	2.03	(0.39)	0.00	(7.94)	0.00	0.00	3.44	(5.47)	15.87
NCNO	1.67	(0.14)	0.00	(0.08)	0.00	0.00	4.14	(3.94)	10.20
KC	2.66	0.04	0.02	0.11	2.70	(3.15)	5.71	(4.71)	26.30
DAVE	3.37	(0.22)	0.00	(0.21)	0.00	0.00	6.01	(8.15)	22.77
GBTG	1.97	(0.19)	0.00	(0.24)	0.00	0.00	3.82	(4.10)	13.45
PTRN	3.67	0.21	0.07	0.17	3.91	(4.37)	10.05	(6.68)	30.40
BLKB	1.72	(0.24)	0.00	(0.27)	0.00	0.00	2.59	(4.13)	11.92
INTA	1.97	0.05	(0.02)	(0.14)	2.07	(2.37)	4.73	(3.37)	10.52
BRZE	2.42	(0.21)	0.00	(0.13)	0.00	0.00	4.10	(6.12)	27.69

Freshworks Corporate Management

Tyler Sloat	Chief Officer	Profile
Philippa Lawrence	Chief Officer	Profile
Stacey Epstein	Chief Officer	Profile
Jason Loomis	Chief Officer	Profile
Doug Farber	Senior Alliances	Profile
Murali Swaminathan	Chief Officer	Profile

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