Figma Correlations

FIG Etf

USD 30.74 1.45 4.95%

The current 90-days correlation between Figma Inc and PTC Inc is 0.51 (i.e., Very weak diversification). The correlation of Figma is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Figma Correlation With Market

Excellent diversification

The correlation between Figma Inc and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Figma Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Figma Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Figma Inc. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Figma Etf

0.77	U	Unity Software Buyout Trend	Pair Corr
0.75	BGE	Bridge Saas	Pair Corr
0.67	9NY	BYTES TECHGRP LS	Pair Corr
0.78	BL	Blackline Tech Boost	Pair Corr
0.88	DT	Dynatrace Holdings LLC	Pair Corr
0.79	DV	DoubleVerify Holdings Earnings Call Today	Pair Corr
0.8	35U	PAR TECHNOLOGY DL	Pair Corr
0.88	MQ	Marqeta Earnings Call Today	Pair Corr
0.83	PD	Pagerduty Tech Boost	Pair Corr
0.79	WK	Workiva	Pair Corr
0.78	DMRC	Digimarc Earnings Call Today	Pair Corr
0.76	RM	RM Plc	Pair Corr
0.79	2TY	PagerDuty	Pair Corr
0.91	DOCU	DocuSign	Pair Corr
0.82	DOMO	Domo Inc Earnings Call Tomorrow	Pair Corr
0.85	1Q5	Dropbox	Pair Corr
0.85	VERI	Veritone	Pair Corr
0.76	VERX	Vertex	Pair Corr
0.76	6NCA	NCINO INC DL	Pair Corr
0.86	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.8	LY0	Lyft Inc	Pair Corr
0.7	DTCX	Datacentrex Symbol Change	Pair Corr
0.84	0M5	Bill Holdings	Pair Corr

Moving against Figma Etf

0.79	JG	Aurora Mobile	Pair Corr
0.56	XV7	SERESCO 16	Pair Corr
0.85	RNI	OXFORD METRICS LS	Pair Corr
0.8	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.5	TRB	Tribal Group plc	Pair Corr
0.49	DSG	Dillistone Group PLC	Pair Corr
0.46	LUS1	Lang Schwarz Aktieng	Pair Corr
0.74	89P	CLAVISTER HOLDING	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.08	-0.11	0.0	0.13	-0.21	-0.03	0.14	-0.01	0.15	META
MSFT	-0.08		0.84	-0.57	-0.87	0.83	0.92	0.41	-0.92	-0.95	MSFT
UBER	-0.11	0.84		-0.53	-0.77	0.85	0.76	0.25	-0.82	-0.83	UBER
F	0.0	-0.57	-0.53		0.35	-0.43	-0.45	-0.1	0.64	0.58	F
T	0.13	-0.87	-0.77	0.35		-0.71	-0.87	-0.34	0.79	0.79	T
A	-0.21	0.83	0.85	-0.43	-0.71		0.71	0.36	-0.75	-0.85	A
CRM	-0.03	0.92	0.76	-0.45	-0.87	0.71		0.57	-0.84	-0.9	CRM
JPM	0.14	0.41	0.25	-0.1	-0.34	0.36	0.57		-0.25	-0.43	JPM
MRK	-0.01	-0.92	-0.82	0.64	0.79	-0.75	-0.84	-0.25		0.92	MRK
XOM	0.15	-0.95	-0.83	0.58	0.79	-0.85	-0.9	-0.43	0.92		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRM	+ 0.92	MSFT
XOM	+ 0.92	MRK
A	+ 0.85	UBER
UBER	+ 0.84	MSFT
A	+ 0.83	MSFT
MRK	+ 0.79	T

High negative correlations

XOM	- 0.95	MSFT
MRK	- 0.92	MSFT
XOM	- 0.9	CRM
CRM	- 0.87	T
T	- 0.87	MSFT
XOM	- 0.85	A

Figma Competition Risk-Adjusted Indicators

There is a big difference between Figma Etf performing well and Figma ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Figma's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.45	0.03	0.01	0.08	1.59	(1.56)	2.38	(2.81)	13.69
MSFT	1.35	(0.25)	0.00	(0.52)	0.00	0.00	2.19	(2.87)	13.28
UBER	1.58	(0.15)	0.00	(0.26)	0.00	0.00	2.70	(3.82)	11.09
F	1.31	(0.07)	0.00	(0.03)	0.00	0.00	3.61	(2.59)	9.82
T	1.06	0.19	0.12	(0.62)	0.93	(1.27)	3.87	(1.76)	7.44
A	1.22	(0.45)	0.00	(0.45)	0.00	0.00	2.48	(2.73)	7.20
CRM	1.82	(0.20)	0.00	0.47	0.00	0.00	3.66	(4.75)	12.37
JPM	1.27	(0.06)	(0.02)	0.00	1.84	(1.28)	2.34	(3.11)	8.17
MRK	1.21	0.19	0.11	0.54	1.27	(1.29)	2.54	(2.06)	7.10
XOM	1.32	0.44	0.27	2.84	1.08	(1.56)	2.90	(2.44)	6.83

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