Figs Correlations

FIGS Stock

USD 5.91 0.10 1.72%

The current 90-days correlation between Figs Inc and Doximity is 0.1 (i.e., Average 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

Weak diversification

The correlation between Figs Inc and DJI is 0.33 (i.e., 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.

Build AI portfolio with Figs Stock

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

Moving together with Figs Stock

0.9	DH	Definitive Healthcare	Pair Corr
0.74	LH	Laboratory Earnings Call This Week	Pair Corr
0.71	OM	Outset Medical	Pair Corr
0.73	DOCS	Doximity	Pair Corr
0.82	VEEV	Veeva Systems Class	Pair Corr
0.61	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.81	VNRX	Volitionrx	Pair Corr
0.63	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.78	ESTA	Establishment Labs	Pair Corr

Moving against Figs Stock

0.7	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.68	EKSO	Ekso Bionics Holdings	Pair Corr
0.5	EMBC	Embecta Corp	Pair Corr
0.49	CI	Cigna Corp	Pair Corr
0.41	EDAP	EDAP TMS SA	Pair Corr
0.36	ELAB	Elevai Labs, Common	Pair Corr
0.35	DRIO	DarioHealth Corp	Pair Corr
0.35	ELMD	Electromed	Pair Corr
0.77	CNC	Centene Corp Earnings Call This Week	Pair Corr
0.64	FOXO	FOXO Technologies	Pair Corr
0.6	WORX	Scworx Corp	Pair Corr
0.6	COO	Cooper Companies,	Pair Corr
0.54	AGL	agilon health	Pair Corr
0.52	FEMY	Femasys	Pair Corr
0.52	CHE	Chemed Corp Earnings Call This Week	Pair Corr
0.48	EUDA	EUDA Health Holdings	Pair Corr
0.42	ALC	Alcon AG	Pair Corr
0.42	AMS	American Shared Hospital	Pair Corr
0.4	BDX	Becton Dickinson	Pair Corr
0.35	AVR	Anteris Technologies	Pair Corr

Related Correlations Analysis

	DOCS	YOU	TOST	GLBE	DLO
DOCS		0.37	0.13	0.37	0.06	DOCS
YOU	0.37		0.42	-0.21	0.51	YOU
TOST	0.13	0.42		-0.39	0.87	TOST
GLBE	0.37	-0.21	-0.39		-0.62	GLBE
DLO	0.06	0.51	0.87	-0.62		DLO
	DOCS	YOU	TOST	GLBE	DLO

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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

DLO	+ 0.87	TOST
DLO	+ 0.51	YOU
TOST	+ 0.42	YOU
YOU	+ 0.37	DOCS
GLBE	+ 0.37	DOCS
TOST	+ 0.13	DOCS

High negative correlations

DLO	- 0.62	GLBE
GLBE	- 0.39	TOST
GLBE	- 0.21	YOU

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
DOCS	1.89	0.11	0.03	0.25	2.85	(1.74)	3.90	(4.25)	13.89
YOU	1.52	0.23	0.08	0.40	2.21	(1.61)	3.93	(2.57)	11.81
TOST	1.91	0.48	0.21	0.74	1.69	(2.40)	3.29	(2.88)	18.53
GLBE	1.87	(0.11)	(0.01)	0.06	3.75	(1.87)	3.91	(3.41)	28.78
DLO	1.93	0.28	0.17	0.32	1.60	(2.20)	4.67	(2.49)	14.78

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

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