Correlation Between Figma, and One Choice

Can any of the company-specific risk be diversified away by investing in both Figma, and One Choice 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 Figma, and One Choice into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Figma, Inc and One Choice Portfolio, you can compare the effects of market volatilities on Figma, and One Choice 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 Figma, with a short position of One Choice. Check out your portfolio center. Please also check ongoing floating volatility patterns of Figma, and One Choice.

Diversification Opportunities for Figma, and One Choice

-0.1

Correlation Coefficient

Figma,  One Choice

Good diversification

The 3 months correlation between Figma, and One is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Figma, Inc and One Choice Portfolio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on One Choice Portfolio and Figma, 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 Figma, Inc are associated (or correlated) with One Choice. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of One Choice Portfolio has no effect on the direction of Figma, i.e., Figma, and One Choice go up and down completely randomly.

Pair Corralation between Figma, and One Choice

Considering the 90-day investment horizon Figma, Inc is expected to under-perform the One Choice. In addition to that, Figma, is 3.93 times more volatile than One Choice Portfolio. It trades about -0.12 of its total potential returns per unit of risk. One Choice Portfolio is currently generating about -0.09 per unit of volatility. If you would invest  1,819  in One Choice Portfolio on September 23, 2025 and sell it today you would lose (117.00) from holding One Choice Portfolio or give up 6.43% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Figma, Inc  vs.  One Choice Portfolio

Figma, Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Figma, Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Etf's forward indicators remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the Exchange Traded Fund stockholders.

One Choice Portfolio

Risk-Adjusted Performance

Weakest

Over the last 90 days One Choice Portfolio has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, One Choice is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Figma, and One Choice

The main advantage of trading using opposite Figma, and One Choice positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Figma, position performs unexpectedly, One Choice 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 One Choice will offset losses from the drop in One Choice's long position.

The idea behind Figma, Inc and One Choice Portfolio 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.

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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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.