FRSH vs PMTS: Correlation
Measured on weekly returns over the past three years, Freshworks Inc. (FRSH) and CPI Card Group Inc. (PMTS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and PMTS?
Across a 3-year window, the weekly returns of FRSH and PMTS correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 1477.8 %².
Within FRSH's tracked universe of 28 assets, PMTS comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PMTS outperformed by 85.9 percentage points (+0.6% for FRSH against +86.5% for PMTS).
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.
FRSH vs PMTS: side by side
| FRSH (Freshworks Inc.) | PMTS (CPI Card Group Inc.) | |
|---|---|---|
| 1-year return | +0.6% | +86.5% |
| 5-year return | -71.2% | +3.4% |
| Volatility (ann.) | 48.9% | 65.4% |
| Beta vs S&P 500 | 1.46 | 1.51 |
| Max drawdown (3Y) | -71.9% | -67.1% |
| Market cap | $3.6B | $0.3B |
| P/E (trailing) | 20.4 | 25.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRSH | PMTS |
|---|---|---|
| 2022 | -44.0% | +94.5% |
| 2023 | +59.7% | -46.8% |
| 2024 | -31.2% | +55.8% |
| 2025 | -24.2% | -50.9% |
| 2026 | +11.8% | +97.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and PMTS good diversifiers for each other?
Reasonably. At 0.46, FRSH and PMTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRSH and PMTS?
As of 2026-08-27, the correlation of weekly returns between FRSH and PMTS is 0.46 over 3 years, 0.42 over 1 year and 0.32 over 5 years.
Is PMTS a good diversifier for FRSH?
Reasonably. At 0.46, FRSH and PMTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frsh-vs-pmts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frsh-vs-pmts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRSH correlations · PMTS correlations
