Figma Correlations

FIG Etf

USD 37.61 0.24 0.64%

The current 90-days correlation between Figma Inc and PTC Inc is 0.21 (i.e., Modest diversification). The correlation of Figma 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.

Figma Correlation With Market

Weak diversification

The correlation between Figma Inc and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Figma Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Figma Etf

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

Moving together with Figma Etf

0.79	DT	Dynatrace Holdings LLC	Pair Corr
0.88	JG	Aurora Mobile	Pair Corr
0.74	PD	Pagerduty Downward Rally	Pair Corr
0.84	QH	Quhuo	Pair Corr
0.92	VS	Versus Systems	Pair Corr
0.65	DMRC	Digimarc	Pair Corr
0.72	DOMO	Domo Inc	Pair Corr
0.79	002410	Glodon Software	Pair Corr
0.76	VEEA	Veea Inc	Pair Corr
0.89	VERX	Vertex	Pair Corr
0.74	DSGX	Descartes Systems	Pair Corr
0.83	VRAR	Glimpse Group	Pair Corr
0.75	NOW	NowVertical Group	Pair Corr
0.79	VTEX	VTEX	Pair Corr
0.82	MSFT	Microsoft Corp CDR	Pair Corr
0.75	WAVE	Eco Wave Power	Pair Corr
0.67	ENLV	Enlivex Therapeutics	Pair Corr
0.9	OTEX	Open Text Corp	Pair Corr
0.75	BRQSF	Borqs Technologies	Pair Corr
0.79	WDAY	Workday	Pair Corr

Moving against Figma Etf

0.8	MKT	DeepMarkit Corp	Pair Corr
0.79	BL	Blackline	Pair Corr
0.65	U	Unity Software	Pair Corr
0.54	ZM	Zoom Video Communications	Pair Corr
0.51	DTST	Data Storage Corp	Pair Corr
0.49	DUOT	Duos Technologies Tech Boost	Pair Corr
0.32	NN	Nextnav Acquisition Corp	Pair Corr
0.78	ELWS	Earlyworks Trending	Pair Corr
0.65	TTGI	Turnium Technology	Pair Corr
0.49	FICO	Fair Isaac	Pair Corr
0.43	WALD	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.47	-0.55	0.42	-0.44	0.23	-0.21	-0.45	-0.59	META
MSFT	0.67		0.85	-0.54	0.41	-0.13	-0.01	-0.38	-0.8	-0.63	MSFT
UBER	0.47	0.85		-0.58	0.54	-0.02	-0.25	-0.43	-0.86	-0.66	UBER
F	-0.55	-0.54	-0.58		-0.65	0.33	0.33	0.52	0.64	0.78	F
T	0.42	0.41	0.54	-0.65		-0.14	-0.59	-0.4	-0.42	-0.56	T
A	-0.44	-0.13	-0.02	0.33	-0.14		-0.36	-0.32	0.14	0.12	A
CRM	0.23	-0.01	-0.25	0.33	-0.59	-0.36		0.49	0.2	0.3	CRM
JPM	-0.21	-0.38	-0.43	0.52	-0.4	-0.32	0.49		0.52	0.52	JPM
MRK	-0.45	-0.8	-0.86	0.64	-0.42	0.14	0.2	0.52		0.74	MRK
XOM	-0.59	-0.63	-0.66	0.78	-0.56	0.12	0.3	0.52	0.74		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

UBER	+ 0.85	MSFT
XOM	+ 0.78	F
XOM	+ 0.74	MRK
MSFT	+ 0.67	META
MRK	+ 0.64	F
T	+ 0.54	UBER

High negative correlations

MRK	- 0.86	UBER
MRK	- 0.8	MSFT
XOM	- 0.66	UBER
T	- 0.65	F
XOM	- 0.63	MSFT
CRM	- 0.59	T

Figma Competition Risk-Adjusted Indicators

There is a big difference between Figma Etf performing well and Figma ETF 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 Figma's 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
META	1.39	(0.21)	0.00	(0.18)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.89	(0.12)	0.00	(0.16)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.46	(0.34)	0.00	(0.28)	0.00	0.00	2.60	(3.82)	10.51
F	1.47	0.09	0.06	0.11	1.67	(1.63)	3.38	(2.63)	16.30
T	0.95	(0.18)	0.00	(0.68)	0.00	0.00	1.61	(2.18)	5.75
A	1.21	0.10	0.07	0.14	1.22	(1.36)	2.34	(2.21)	11.03
CRM	1.50	0.08	0.04	0.13	1.88	(1.51)	3.66	(2.92)	9.91
JPM	1.06	(0.02)	(0.01)	0.03	1.44	(1.11)	2.00	(1.91)	7.02
MRK	1.42	0.43	0.32	0.55	0.97	(1.87)	4.85	(1.98)	11.45
XOM	0.90	0.08	0.04	0.39	0.87	(0.99)	1.96	(1.41)	4.99

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