Intapp Correlations

INTA Stock  USD 33.95  0.38  1.11%   
The current 90-days correlation between Intapp Inc and nCino Inc is -0.02 (i.e., Good diversification). The correlation of Intapp 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.

Intapp Correlation With Market

Significant diversification

The correlation between Intapp Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intapp Inc and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intapp Inc. 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.

Moving together with Intapp Stock

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Moving against Intapp Stock

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Related Correlations Analysis


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

RNGASAN
ASANBLKB
RNGBLKB
BRZEASAN
DAVENCNO
BRZEFRSH
  

High negative correlations

BRZEKC
YOUKC
ASANKC
YOUVERX
FRSHKC
KCBLKB

Risk-Adjusted Indicators

There is a big difference between Intapp Stock performing well and Intapp 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 Intapp's 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NCNO  1.70 (0.15) 0.00 (1.99) 0.00 
 4.14 
 10.20 
BLKB  1.80 (0.33) 0.00 (0.37) 0.00 
 2.59 
 11.92 
KC  2.76  0.18  0.06  0.30  2.66 
 8.10 
 26.30 
FRSH  1.67  0.00 (0.02) 0.07  2.12 
 3.12 
 9.83 
VERX  1.79 (0.33) 0.00  0.74  0.00 
 3.45 
 10.98 
ASAN  2.13 (0.53) 0.00 (0.49) 0.00 
 3.44 
 15.87 
DAVE  3.18 (0.66) 0.00 (0.15) 0.00 
 5.29 
 19.16 
BRZE  2.60 (0.38) 0.00 (0.29) 0.00 
 4.10 
 27.69 
YOU  2.13  0.06  0.02  0.14  2.10 
 5.49 
 18.67 
RNG  1.71 (0.28) 0.00 (0.20) 0.00 
 3.11 
 11.10 

Intapp Corporate Management

Kalyani TandonChief OfficerProfile
Mark HolmanChief ConsultingProfile
John HallChairman CEOProfile
Nigel RileyGeneral SolutionsProfile
David TroneSenior RelationsProfile