Correlation Between Zoom Video and Intapp

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

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

Diversification Opportunities for Zoom Video and Intapp

0.76

Correlation Coefficient

Zoom Video  Intapp

Poor diversification

The 3 months correlation between Zoom and Intapp is 0.76. Overlapping area represents the amount of risk that can be diversified away by holding Zoom Video Communications and Intapp Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intapp Inc and Zoom Video 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 Zoom Video Communications 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 Zoom Video i.e., Zoom Video and Intapp go up and down completely randomly.

Pair Corralation between Zoom Video and Intapp

Allowing for the 90-day total investment horizon Zoom Video Communications is expected to generate 0.55 times more return on investment than Intapp. However, Zoom Video Communications is 1.83 times less risky than Intapp. It trades about -0.07 of its potential returns per unit of risk. Intapp Inc is currently generating about -0.27 per unit of risk. If you would invest  7,823  in Zoom Video Communications on May 2, 2025 and sell it today you would lose (399.00) from holding Zoom Video Communications or give up 5.1% of portfolio value over 90 days.

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

Zoom Video Communications  vs.  Intapp Inc

Zoom Video Communications

Risk-Adjusted Performance

Very Weak

Over the last 90 days Zoom Video Communications has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy primary indicators, Zoom Video is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

Intapp Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intapp Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Zoom Video and Intapp

The main advantage of trading using opposite Zoom Video and Intapp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zoom Video 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 Zoom Video Communications 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.