Correlation Between YieldMax AMZN and Figma,

Can any of the company-specific risk be diversified away by investing in both YieldMax AMZN and Figma, at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining YieldMax AMZN and Figma, into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between YieldMax AMZN Option and Figma, Inc, you can compare the effects of market volatilities on YieldMax AMZN and Figma, and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in YieldMax AMZN with a short position of Figma,. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax AMZN and Figma,.

Diversification Opportunities for YieldMax AMZN and Figma,

-0.45

Correlation Coefficient

YieldMax AMZN  Figma,

Very good diversification

The 3 months correlation between YieldMax and Figma, is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax AMZN Option and Figma, Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Figma, Inc and YieldMax AMZN is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on YieldMax AMZN Option are associated (or correlated) with Figma,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Figma, Inc has no effect on the direction of YieldMax AMZN i.e., YieldMax AMZN and Figma, go up and down completely randomly.

Pair Corralation between YieldMax AMZN and Figma,

Given the investment horizon of 90 days YieldMax AMZN is expected to generate 2.82 times less return on investment than Figma,. In addition to that, YieldMax AMZN is 1.34 times more volatile than Figma, Inc. It trades about 0.12 of its total potential returns per unit of risk. Figma, Inc is currently generating about 0.45 per unit of volatility. If you would invest  2,191  in Figma, Inc on May 7, 2025 and sell it today you would earn a total of  192.00  from holding Figma, Inc or generate 8.76% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	29.03%
Values	Daily Returns

YieldMax AMZN Option  vs.  Figma, Inc

YieldMax AMZN Option

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in YieldMax AMZN Option are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, YieldMax AMZN may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Figma, Inc

Risk-Adjusted Performance

High

Compared to the overall equity markets, risk-adjusted returns on investments in Figma, Inc are ranked lower than 35 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak forward indicators, Figma, reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with YieldMax AMZN and Figma,

The main advantage of trading using opposite YieldMax AMZN and Figma, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if YieldMax AMZN position performs unexpectedly, Figma, can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Figma, will offset losses from the drop in Figma,'s long position.

The idea behind YieldMax AMZN Option and Figma, Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.