Figs Inc Stock Market Value
| FIGS Stock | USD 4.71 0.01 0.21% |
| Symbol | Figs |
Figs Inc Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Figs. If investors know Figs will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Figs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Earnings Share 0.05 | Revenue Per Share 3.228 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0096 |
The market value of Figs Inc is measured differently than its book value, which is the value of Figs that is recorded on the company's balance sheet. Investors also form their own opinion of Figs' value that differs from its market value or its book value, called intrinsic value, which is Figs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Figs' market value can be influenced by many factors that don't directly affect Figs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Figs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Figs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Figs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Figs 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Figs' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Figs.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Figs on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Figs Inc or generate 0.0% return on investment in Figs over 570 days. Figs is related to or competes with Doximity, Clear Secure, Toast, Global E, and Dlocal. FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States More
Figs Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Figs' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Figs Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 35.29 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 6.45 |
Figs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Figs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Figs' standard deviation. In reality, there are many statistical measures that can use Figs historical prices to predict the future Figs' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1901 |
Figs Inc Backtested Returns
Figs Inc secures Sharpe Ratio (or Efficiency) of -0.0335, which denotes the company had a -0.0335% return per unit of risk over the last 3 months. Figs Inc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Figs' Standard Deviation of 4.73, variance of 22.38, and Mean Deviation of 2.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Figs are expected to decrease at a much lower rate. During the bear market, Figs is likely to outperform the market. At this point, Figs Inc has a negative expected return of -0.16%. Please make sure to confirm Figs' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Figs Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Figs Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Figs time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Figs Inc price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Figs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Figs Inc lagged returns against current returns
Autocorrelation, which is Figs stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Figs' stock expected returns. We can calculate the autocorrelation of Figs returns to help us make a trade decision. For example, suppose you find that Figs has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Figs regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Figs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Figs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Figs stock over time.
Current vs Lagged Prices |
| Timeline |
Figs Lagged Returns
When evaluating Figs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Figs stock have on its future price. Figs autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Figs autocorrelation shows the relationship between Figs stock current value and its past values and can show if there is a momentum factor associated with investing in Figs Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Figs Stock Analysis
When running Figs' price analysis, check to measure Figs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Figs is operating at the current time. Most of Figs' value examination focuses on studying past and present price action to predict the probability of Figs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Figs' price. Additionally, you may evaluate how the addition of Figs to your portfolios can decrease your overall portfolio volatility.