AMPL vs FRSH: Correlation
Measured on weekly returns over the past three years, Amplitude, Inc. (AMPL) and Freshworks Inc. (FRSH) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and FRSH?
Over the past 3 years, AMPL and FRSH moved with a correlation of 0.63, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.78 versus 0.63 over 3 years. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1712.6 %².
Within AMPL's tracked universe of 29 assets, FRSH comes in at #5 by 3-year correlation. The last year tells two different stories: AMPL led by 24.1 percentage points, +24.7% for AMPL against +0.6% for FRSH.
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.
AMPL vs FRSH: side by side
| AMPL (Amplitude, Inc.) | FRSH (Freshworks Inc.) | |
|---|---|---|
| 1-year return | +24.7% | +0.6% |
| 5-year return | -73.9% | -71.2% |
| Volatility (ann.) | 56.0% | 48.9% |
| Beta vs S&P 500 | 1.42 | 1.46 |
| Max drawdown (3Y) | -61.1% | -71.9% |
| Market cap | $1.9B | $3.6B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPL | FRSH |
|---|---|---|
| 2022 | -77.2% | -44.0% |
| 2023 | +5.3% | +59.7% |
| 2024 | -17.1% | -31.2% |
| 2025 | +9.8% | -24.2% |
| 2026 | +23.3% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and FRSH good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMPL and FRSH?
The AMPL/FRSH correlation stands at 0.63 on a 3-year window (1 year: 0.78, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is FRSH a good diversifier for AMPL?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampl-vs-frsh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ampl-vs-frsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMPL correlations · FRSH correlations
