Freshworks Correlations

FRSH Stock

USD 17.30 0.14 0.80%

The current 90-days correlation between Freshworks and Braze Inc is 0.48 (i.e., Very weak diversification). 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 0.15 (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.

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 state.

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

Moving together with Freshworks Stock

0.82	DJCO	Daily Journal Corp	Pair Corr
0.73	AI	C3 Ai Inc	Pair Corr
0.7	BL	Blackline	Pair Corr
0.92	DV	DoubleVerify Holdings	Pair Corr
0.85	EB	Eventbrite Class A	Pair Corr
0.77	KC	Kingsoft Cloud Holdings	Pair Corr
0.95	ML	MoneyLion	Pair Corr
0.83	WK	Workiva	Pair Corr
0.87	ZM	Zoom Video Communications	Pair Corr
0.8	DOCU	DocuSign	Pair Corr
0.72	VCSA	Vacasa Inc	Pair Corr
0.94	VERX	Vertex	Pair Corr
0.9	DSGX	Descartes Systems	Pair Corr
0.84	DUOL	Duolingo	Pair Corr
0.9	VMEO	Vimeo Inc	Pair Corr
0.62	VTSI	VirTra Inc	Pair Corr
0.61	EGAN	eGain Potential Growth	Pair Corr
0.85	EGHT	8x8 Common Stock Earnings Call This Week	Pair Corr
0.84	ENFN	Enfusion	Pair Corr
0.76	WDAY	Workday	Pair Corr
0.79	ESTC	Elastic NV Sell-off Trend	Pair Corr
0.89	EXFY	Expensify	Pair Corr

Moving against Freshworks Stock

0.74	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.6	QH	Quhuo	Pair Corr
0.41	VS	Versus Systems Tech Boost	Pair Corr
0.77	EVOL	Evolving Systems	Pair Corr
0.7	VTEX	VTEX	Pair Corr
0.37	XELAP	Exela Technologies	Pair Corr

Related Correlations Analysis

	BRZE	ENFN	CWAN	LAW	EXFY	CXM	ALKT	VERX	SPT	GBTG
BRZE		0.93	0.14	-0.57	0.94	0.9	0.14	0.87	0.86	0.84	BRZE
ENFN	0.93		0.24	-0.48	0.92	0.89	0.17	0.88	0.85	0.84	ENFN
CWAN	0.14	0.24		0.27	0.33	0.26	0.54	0.54	0.31	0.51	CWAN
LAW	-0.57	-0.48	0.27		-0.4	-0.27	0.38	-0.33	-0.19	-0.34	LAW
EXFY	0.94	0.92	0.33	-0.4		0.93	0.29	0.92	0.89	0.93	EXFY
CXM	0.9	0.89	0.26	-0.27	0.93		0.32	0.85	0.87	0.82	CXM
ALKT	0.14	0.17	0.54	0.38	0.29	0.32		0.32	0.34	0.37	ALKT
VERX	0.87	0.88	0.54	-0.33	0.92	0.85	0.32		0.81	0.93	VERX
SPT	0.86	0.85	0.31	-0.19	0.89	0.87	0.34	0.81		0.79	SPT
GBTG	0.84	0.84	0.51	-0.34	0.93	0.82	0.37	0.93	0.79		GBTG
	BRZE	ENFN	CWAN	LAW	EXFY	CXM	ALKT	VERX	SPT	GBTG

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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

EXFY	+ 0.94	BRZE
ENFN	+ 0.93	BRZE
CXM	+ 0.93	EXFY
GBTG	+ 0.93	EXFY
GBTG	+ 0.93	VERX
EXFY	+ 0.92	ENFN

High negative correlations

LAW	- 0.57	BRZE
LAW	- 0.48	ENFN
EXFY	- 0.4	LAW
GBTG	- 0.34	LAW
VERX	- 0.33	LAW
CXM	- 0.27	LAW

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
BRZE	1.90	0.53	0.25	(5.05)	1.55	(2.21)	5.06	(3.08)	11.01
ENFN	1.76	0.35	0.15	(1.69)	1.91	(2.07)	3.77	(3.40)	9.86
CWAN	1.82	0.17	0.06	0.29	2.11	(1.76)	3.29	(3.97)	20.31
LAW	1.89	(0.27)	0.00	(2.59)	0.00	0.00	4.32	(3.89)	17.13
EXFY	3.34	1.07	0.36	5.14	2.43	(4.36)	8.14	(3.85)	30.21
CXM	1.75	0.28	0.11	(1.85)	1.98	(1.97)	4.20	(3.73)	13.99
ALKT	2.11	0.10	0.02	(0.45)	2.96	(2.04)	4.96	(5.27)	12.66
VERX	1.44	0.49	0.22	1.36	1.58	(1.56)	3.69	(3.13)	19.03
SPT	2.21	0.24	0.07	0.58	3.00	(2.47)	5.90	(3.72)	20.42
GBTG	1.51	0.26	0.13	1.47	1.57	(1.78)	3.96	(2.39)	13.29

Freshworks Corporate Management

Tyler Sloat	Chief Officer	Profile
Philippa Lawrence	Chief Officer	Profile
Stacey Epstein	Chief Officer	Profile
Jason Loomis	Chief Officer	Profile
Murali Swaminathan	Chief Officer	Profile
Prasad Ramakrishnan	Chief IT	Profile

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