AIRS vs FRSH: Correlation
How closely do AirSculpt Technologies, Inc. (AIRS) and Freshworks Inc. (FRSH) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRS and FRSH?
Over the past 3 years, AIRS and FRSH moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 1815.6 %².
Within AIRS's tracked universe of 11 assets, FRSH comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRSH ahead by 59.6 points (-59.0% versus +0.6%). Risk is not evenly split, since AIRS carries 2.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AIRS vs FRSH: side by side
| AIRS (AirSculpt Technologies, Inc.) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +0.6% |
| 5-year return | -82.9% | -71.2% |
| Volatility (ann.) | 100.5% | 48.9% |
| Beta vs S&P 500 | 2.11 | 1.46 |
| Max drawdown (3Y) | -86.4% | -71.9% |
| Market cap | $0.2B | $3.6B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRS | FRSH |
|---|---|---|
| 2022 | -77.5% | -44.0% |
| 2023 | +102.4% | +59.7% |
| 2024 | -30.7% | -31.2% |
| 2025 | -61.8% | -24.2% |
| 2026 | +31.8% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRS and FRSH good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIRS and FRSH?
The AIRS/FRSH correlation stands at 0.37 on a 3-year window (1 year: 0.21, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is FRSH a good diversifier for AIRS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/airs-vs-frsh.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRS correlations · FRSH correlations
