Figs Correlations

FIGS Stock

USD 10.25 0.05 0.49%

The current 90-days correlation between Figs Inc and G III Apparel Group is 0.29 (i.e., Modest 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

Very weak diversification

The correlation between Figs Inc and DJI is 0.56 (i.e., Very 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 census.

Moving together with Figs Stock

0.63	IL3	Integra LifeSciences	Pair Corr
0.67	56S1	Sartorius Stedim Biotech Earnings Call This Week	Pair Corr
0.76	56S0	RENAUUNSPARD 15 EO	Pair Corr
0.74	SRT	Sartorius Aktiengesellscha Earnings Call This Week	Pair Corr
0.69	DXCM	DexCom Inc	Pair Corr
0.71	BLCO	Bausch Lomb Corp Earnings Call This Week	Pair Corr
0.74	ELMD	Electromed Earnings Call This Week	Pair Corr

Moving against Figs Stock

0.46	VNRX	Volitionrx	Pair Corr
0.36	DYNT	Dynatronics	Pair Corr
0.33	OM	Outset Medical	Pair Corr
0.65	OTC	Ocumetics Technology Corp	Pair Corr
0.54	ELAB	Elevai Labs Common	Pair Corr
0.43	EMBC	Embecta Corp	Pair Corr
0.38	OC5	Cochlear Limited	Pair Corr
0.41	XEJ	Accuray Incorporated	Pair Corr
0.38	AHC	Austco Healthcare	Pair Corr
0.32	FEMY	Femasys	Pair Corr
0.31	UK2	Shandong Weigao Group	Pair Corr

Related Correlations Analysis

	GIII	GOOS	LEG	CRI	LZB	EVGO	MLCO	LOT	THRM	AIN
GIII		0.01	0.62	0.35	0.69	0.24	-0.26	-0.07	0.13	0.45	GIII
GOOS	0.01		-0.19	-0.33	0.07	0.25	0.53	0.57	0.61	-0.35	GOOS
LEG	0.62	-0.19		0.76	0.73	0.11	-0.76	-0.14	-0.05	0.9	LEG
CRI	0.35	-0.33	0.76		0.3	-0.07	-0.85	-0.25	-0.27	0.88	CRI
LZB	0.69	0.07	0.73	0.3		0.17	-0.33	-0.06	0.13	0.52	LZB
EVGO	0.24	0.25	0.11	-0.07	0.17		0.24	0.28	0.33	0.01	EVGO
MLCO	-0.26	0.53	-0.76	-0.85	-0.33	0.24		0.31	0.3	-0.92	MLCO
LOT	-0.07	0.57	-0.14	-0.25	-0.06	0.28	0.31		0.81	-0.17	LOT
THRM	0.13	0.61	-0.05	-0.27	0.13	0.33	0.3	0.81		-0.11	THRM
AIN	0.45	-0.35	0.9	0.88	0.52	0.01	-0.92	-0.17	-0.11		AIN
	GIII	GOOS	LEG	CRI	LZB	EVGO	MLCO	LOT	THRM	AIN

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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

AIN	+ 0.9	LEG
AIN	+ 0.88	CRI
THRM	+ 0.81	LOT
CRI	+ 0.76	LEG
LZB	+ 0.73	LEG
LZB	+ 0.69	GIII

High negative correlations

AIN	- 0.92	MLCO
MLCO	- 0.85	CRI
MLCO	- 0.76	LEG
AIN	- 0.35	GOOS
MLCO	- 0.33	LZB
CRI	- 0.33	GOOS

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
GIII	1.59	0.07	0.04	0.13	1.62	(1.95)	3.60	(2.62)	9.09
GOOS	2.25	(0.17)	0.00	(0.02)	0.00	0.00	4.62	(4.15)	24.25
LEG	1.94	0.41	0.20	0.36	1.85	(2.36)	4.46	(3.11)	24.00
CRI	2.09	0.27	0.11	0.25	2.31	(2.31)	5.04	(5.25)	14.15
LZB	1.72	0.31	0.20	0.36	1.25	(2.30)	3.74	(2.55)	23.52
EVGO	2.52	(0.31)	0.00	(0.11)	0.00	0.00	5.84	(4.78)	15.63
MLCO	1.96	(0.74)	0.00	(0.65)	0.00	0.00	2.97	(4.77)	17.82
LOT	3.03	(0.50)	0.00	(0.33)	0.00	0.00	5.63	(7.19)	29.19
THRM	1.68	(0.27)	0.00	(0.11)	0.00	0.00	3.44	(3.10)	17.86
AIN	1.55	0.23	0.12	0.22	1.91	(1.74)	3.53	(2.46)	9.10

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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