FRSH vs TRMB: Correlation
Freshworks Inc. (FRSH) and Trimble Inc. (TRMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRSH and TRMB?
On 3 years of weekly data the FRSH/TRMB correlation comes out at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.58). The 5-year figure is 0.57, and annualized covariance runs at 876.2 %².
By 3-year correlation, TRMB places #7 of the 28 assets tracked against FRSH. Correlation aside, the last 12 months split them widely, with FRSH ahead by 25.7 points (+0.6% versus -25.1%). One caveat on sizing: FRSH is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TRMB: side by side
| FRSH (Freshworks Inc.) | TRMB (Trimble Inc.) | |
|---|---|---|
| 1-year return | +0.6% | -25.1% |
| 5-year return | -71.2% | -35.7% |
| Volatility (ann.) | 48.9% | 30.9% |
| Beta vs S&P 500 | 1.46 | 1.13 |
| Max drawdown (3Y) | -71.9% | -42.7% |
| Market cap | $3.6B | $14.3B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FRSH | TRMB |
|---|---|---|
| 2022 | -44.0% | -42.0% |
| 2023 | +59.7% | +5.2% |
| 2024 | -31.2% | +32.8% |
| 2025 | -24.2% | +10.9% |
| 2026 | +11.8% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRSH and TRMB good diversifiers for each other?
Only partially. A correlation of 0.58 means FRSH and TRMB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FRSH and TRMB?
The FRSH/TRMB correlation stands at 0.58 on a 3-year window (1 year: 0.43, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is TRMB a good diversifier for FRSH?
Only partially. A correlation of 0.58 means FRSH and TRMB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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/frsh-vs-trmb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frsh-vs-trmb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRSH correlations · TRMB correlations
