Correlation Between MBIA and Figma,

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

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

Diversification Opportunities for MBIA and Figma,

0.54

Correlation Coefficient

MBIA  Figma,

Very weak diversification

The 3 months correlation between MBIA and Figma, is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding MBIA Inc and Figma, Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Figma, Inc and MBIA 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 MBIA Inc 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 MBIA i.e., MBIA and Figma, go up and down completely randomly.

Pair Corralation between MBIA and Figma,

Considering the 90-day investment horizon MBIA is expected to generate 4.55 times less return on investment than Figma,. But when comparing it to its historical volatility, MBIA Inc is 8.79 times less risky than Figma,. It trades about 0.21 of its potential returns per unit of risk. Figma, Inc is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  3,300  in Figma, Inc on July 9, 2025 and sell it today you would earn a total of  2,396  from holding Figma, Inc or generate 72.61% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	76.19%
Values	Daily Returns

MBIA Inc  vs.  Figma, Inc

MBIA Inc

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in MBIA Inc are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite fairly unsteady fundamental drivers, MBIA demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Figma, Inc

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Figma, Inc are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady forward indicators, Figma, reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with MBIA and Figma,

The main advantage of trading using opposite MBIA and Figma, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MBIA 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 MBIA Inc 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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.