Correlation Between Freshworks and Intapp

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

By analyzing existing cross correlation between Freshworks and Intapp Inc, you can compare the effects of market volatilities on Freshworks and Intapp 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 Freshworks with a short position of Intapp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Freshworks and Intapp.

Diversification Opportunities for Freshworks and Intapp

0.66

Correlation Coefficient

Freshworks  Intapp

Poor diversification

The 3 months correlation between Freshworks and Intapp is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Freshworks and Intapp Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intapp Inc and Freshworks 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 Freshworks are associated (or correlated) with Intapp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intapp Inc has no effect on the direction of Freshworks i.e., Freshworks and Intapp go up and down completely randomly.

Pair Corralation between Freshworks and Intapp

Given the investment horizon of 90 days Freshworks is expected to under-perform the Intapp. But the stock apears to be less risky and, when comparing its historical volatility, Freshworks is 1.29 times less risky than Intapp. The stock trades about -0.13 of its potential returns per unit of risk. The Intapp Inc is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest  4,091  in Intapp Inc on July 29, 2025 and sell it today you would lose (123.00) from holding Intapp Inc or give up 3.01% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Freshworks  vs.  Intapp Inc

Freshworks

Risk-Adjusted Performance

Weakest

Over the last 90 days Freshworks has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in November 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Intapp Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Intapp Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Intapp is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Freshworks and Intapp

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

The idea behind Freshworks and Intapp 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.