Intapp Correlations

INTA Stock  USD 42.50  0.28  0.66%   
The current 90-days correlation between Intapp Inc and C3 Ai Inc is -0.19 (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

Good diversification

The correlation between Intapp Inc and DJI is -0.19 (i.e., Good 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 estimate.

Moving together with Intapp Stock

  0.68ZM Zoom Video CommunicationsPairCorr
  0.67VERX VertexPairCorr
  0.78DUOL DuolingoPairCorr
  0.68WDAY WorkdayPairCorr
  0.63FICO Fair Isaac Earnings Call This WeekPairCorr

Moving against Intapp Stock

  0.82VS Versus SystemsPairCorr
  0.8U Unity SoftwarePairCorr
  0.74YB Yuanbao American Dep Tech BoostPairCorr
  0.65QH QuhuoPairCorr
  0.64ELWS Earlyworks Co,PairCorr
  0.62EGHT 8x8 Common StockPairCorr
  0.58AI C3 Ai IncPairCorr
  0.58EGAN eGainPairCorr
  0.5DOMO Domo Inc Tech BoostPairCorr
  0.48DV DoubleVerify HoldingsPairCorr
  0.45VERB Verb TechnologyPairCorr
  0.77BSY Bentley SystemsPairCorr
  0.71DBD Diebold Nixdorf,PairCorr
  0.64CYN Cyngn IncPairCorr
  0.59WBTN WEBTOON EntertainmentPairCorr
  0.58WFCF Where Food ComesPairCorr
  0.55DHX DHI GroupPairCorr
  0.52FRGE Forge Global HoldingsPairCorr
  0.41CXM SprinklrPairCorr
  0.36API Agora IncPairCorr
  0.34ETWO E2open Parent HoldingsPairCorr
  0.34BMR Beamr ImagingPairCorr
  0.34GTM ZoomInfo Technologies Symbol ChangePairCorr

Related Correlations Analysis

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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   
SNOWINTU
WDAYZM
ADSKSNOW
SHOPAI
SNOWSHOP
TTDSHOP
  
High negative correlations   
TEAMINTU
TEAMSNOW
TEAMSHOP
TEAMAI
TTDTEAM
WDAYAI

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
ZM  0.93  0.10 (0.11)(2.14) 1.11 
 1.85 
 7.05 
AI  2.78  0.05  0.10  0.26  2.90 
 5.28 
 26.86 
SHOP  2.34  0.09  0.17  0.27  1.97 
 5.63 
 18.01 
WDAY  1.27  0.29 (0.03)(0.25) 2.77 
 2.85 
 17.86 
INTU  1.10  0.43  0.17  13.86  0.66 
 2.59 
 10.80 
SNOW  1.50  0.49  0.32  0.79  0.61 
 4.41 
 16.92 
TEAM  2.04 (0.21)(0.04) 0.07  2.97 
 3.98 
 17.51 
ADSK  1.07  0.05  0.02  0.29  1.31 
 2.44 
 9.64 
NOW  1.40  0.39  0.08 (1.85) 1.14 
 3.46 
 19.99 
TTD  2.21  0.56  0.28  0.58  1.64 
 6.37 
 25.09 

Intapp Corporate Management

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