Figs Correlations
| FIGS Stock | USD 9.80 0.07 0.72% |
The current 90-days correlation between Figs Inc and North American Construction is 0.21 (i.e., Modest diversification). The correlation of Figs 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Figs Correlation With Market
Very weak diversification
The correlation between Figs Inc and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Figs Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Figs Stock
| 0.66 | EW | Edwards Lifesciences Corp Sell-off Trend | PairCorr |
| 0.7 | 688656 | HOB Biotech Group | PairCorr |
| 0.92 | ESTA | Establishment Labs | PairCorr |
| 0.71 | COO | Cooper Companies, Earnings Call This Week | PairCorr |
| 0.79 | DHR | Danaher | PairCorr |
| 0.85 | HAE | Haemonetics | PairCorr |
Moving against Figs Stock
| 0.86 | VNRX | Volitionrx | PairCorr |
| 0.85 | OM | Outset Medical | PairCorr |
| 0.72 | VVOS | Vivos Therapeutics | PairCorr |
| 0.71 | 300061 | QITIAN Technology | PairCorr |
| 0.67 | VTAK | Catheter Precision | PairCorr |
| 0.67 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.63 | DXCM | DexCom Inc | PairCorr |
| 0.32 | ENOV | Enovis Corp | PairCorr |
| 0.85 | XAIR | Beyond Air | PairCorr |
| 0.73 | BAX | Baxter International | PairCorr |
| 0.71 | QIPT | Quipt Home Medical | PairCorr |
| 0.69 | AHG | Akso Health Group | PairCorr |
| 0.56 | ABT | Abbott Laboratories | PairCorr |
| 0.33 | 300482 | Guangzhou Wondfo Biotech | PairCorr |
| 0.33 | AVR | Anteris Technologies | PairCorr |
| 0.76 | IVF | INVO Fertility, Symbol Change | PairCorr |
| 0.76 | XRAY | Dentsply Sirona | PairCorr |
| 0.74 | RMD | ResMed Inc | PairCorr |
| 0.66 | FOXO | FOXO Technologies | PairCorr |
| 0.47 | MYO | Myomo Inc | PairCorr |
Related Correlations Analysis
| 0.48 | 0.0 | 0.0 | 0.02 | 0.0 | 0.0 | ALBHF | ||
| 0.48 | 0.0 | 0.0 | 0.34 | 0.0 | 0.0 | NTSGF | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | -1.0 | GNRD | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | -1.0 | NADA | ||
| 0.02 | 0.34 | 0.0 | 0.0 | 0.0 | 0.0 | NOA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FFRMF | ||
| 0.0 | 0.0 | -1.0 | -1.0 | 0.0 | 0.0 | DLEXY | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Figs Stock performing well and Figs Company 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 Figs' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALBHF | 2.05 | 0.21 | 0.03 | 0.76 | 2.51 | 5.19 | 31.80 | |||
| NTSGF | 0.46 | 0.06 | 0.00 | (0.24) | 0.00 | 0.00 | 17.74 | |||
| GNRD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NADA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NOA | 1.68 | 0.06 | 0.03 | 0.10 | 2.51 | 3.38 | 14.03 | |||
| FFRMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DLEXY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Figs Corporate Management
| Kevin Fosty | Controller, VP | Profile | |
| Mark Bixby | Chief Officer | Profile | |
| Catherine Spear | CEO CoFounder | Profile | |
| Kenneth Lin | Independent Director | Profile | |
| A Lafley | Independent Director | Profile | |
| Sarah Oughtred | Chief Officer | Profile |