Figs Correlations

FIGS Stock

USD 9.11 0.21 2.25%

The current 90-days correlation between Figs Inc and G III Apparel Group is 0.31 (i.e., Weak 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 0.46 (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 rate.

Moving together with Figs Stock

0.82	SPEC	Inspecs Group plc	Pair Corr
0.62	688656	HOB Biotech Group	Pair Corr
0.73	BLCO	Bausch Lomb Corp	Pair Corr
0.86	BB1	Blinklab	Pair Corr
0.9	ESTA	Establishment Labs	Pair Corr
0.69	AHC	Austco Healthcare	Pair Corr

Moving against Figs Stock

0.83	VNRX	Volitionrx	Pair Corr
0.79	OM	Outset Medical	Pair Corr
0.78	600055	Beijing Wandong Medical	Pair Corr
0.78	VERO	Venus Concept	Pair Corr
0.64	DYNT	Dynatronics	Pair Corr
0.62	DXCM	DexCom Inc	Pair Corr
0.58	VTAK	Catheter Precision	Pair Corr
0.55	300061	QITIAN Technology	Pair Corr
0.55	301363	MeHow Innovative	Pair Corr
0.68	POLX	Polarean Imaging Plc	Pair Corr
0.67	VVOS	Vivos Therapeutics	Pair Corr
0.57	OTC	Ocumetics Technology Corp	Pair Corr
0.79	XAIR	Beyond Air	Pair Corr
0.63	AHG	Akso Health Group	Pair Corr
0.59	688317	Shanghai ZJ Bio	Pair Corr
0.57	ABT	Abbott Laboratories	Pair Corr
0.47	QIPT	Quipt Home Medical	Pair Corr
0.33	601089	Beijing Winsunny Pha	Pair Corr

Related Correlations Analysis

	GIII	GOOS	LEG	CRI	LZB	EVGO	MLCO	LOT	THRM	AIN
GIII		0.19	0.09	0.7	-0.3	-0.32	-0.16	-0.43	0.49	-0.21	GIII
GOOS	0.19		0.25	0.41	0.01	0.38	0.1	0.17	0.18	0.09	GOOS
LEG	0.09	0.25		-0.1	0.51	-0.07	0.45	0.24	0.48	0.59	LEG
CRI	0.7	0.41	-0.1		-0.59	-0.16	-0.32	-0.49	0.31	-0.4	CRI
LZB	-0.3	0.01	0.51	-0.59		0.24	0.64	0.57	0.04	0.62	LZB
EVGO	-0.32	0.38	-0.07	-0.16	0.24		-0.05	0.8	-0.23	0.46	EVGO
MLCO	-0.16	0.1	0.45	-0.32	0.64	-0.05		0.28	0.17	0.25	MLCO
LOT	-0.43	0.17	0.24	-0.49	0.57	0.8	0.28		-0.07	0.78	LOT
THRM	0.49	0.18	0.48	0.31	0.04	-0.23	0.17	-0.07		0.3	THRM
AIN	-0.21	0.09	0.59	-0.4	0.62	0.46	0.25	0.78	0.3		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

LOT	+ 0.8	EVGO
AIN	+ 0.78	LOT
CRI	+ 0.7	GIII
MLCO	+ 0.64	LZB
AIN	+ 0.62	LZB
AIN	+ 0.59	LEG

High negative correlations

LZB	- 0.59	CRI
LOT	- 0.49	CRI
LOT	- 0.43	GIII
AIN	- 0.4	CRI
MLCO	- 0.32	CRI
EVGO	- 0.32	GIII

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	1.41	0.05	0.03	0.05	1.99	(1.38)	3.61	(3.25)	9.65
GOOS	2.29	0.16	0.05	0.10	3.21	(2.57)	3.37	(3.79)	29.90
LEG	1.93	(0.05)	0.00	(0.02)	0.00	0.00	3.77	(3.75)	20.63
CRI	2.38	0.22	0.08	0.11	2.75	(2.58)	5.39	(5.56)	14.85
LZB	1.59	0.10	0.06	0.10	1.63	(1.88)	2.35	(3.19)	8.89
EVGO	2.75	(0.51)	0.00	(0.20)	0.00	0.00	5.21	(6.14)	22.17
MLCO	1.83	(0.04)	0.00	(0.04)	0.00	0.00	3.27	(4.18)	10.08
LOT	2.56	(0.75)	0.00	(0.76)	0.00	0.00	5.52	(5.86)	18.86
THRM	1.54	(0.13)	0.00	(0.06)	0.00	0.00	3.02	(3.33)	11.19
AIN	1.66	(0.48)	0.00	(0.46)	0.00	0.00	4.02	(3.76)	16.04

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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