Correlation Between Zoom Video and Figma
Can any of the company-specific risk be diversified away by investing in both Zoom Video 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 Zoom Video and Figma into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Zoom Video Communications and Figma Inc, you can compare the effects of market volatilities on Zoom Video 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 Zoom Video with a short position of Figma. Check out your portfolio center. Please also check ongoing floating volatility patterns of Zoom Video and Figma.
Diversification Opportunities for Zoom Video and Figma
-0.52 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Zoom and Figma is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Zoom Video Communications and Figma Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Figma Inc and Zoom Video 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 Zoom Video Communications 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 Zoom Video i.e., Zoom Video and Figma go up and down completely randomly.
Pair Corralation between Zoom Video and Figma
Allowing for the 90-day total investment horizon Zoom Video Communications is expected to generate 0.65 times more return on investment than Figma. However, Zoom Video Communications is 1.54 times less risky than Figma. It trades about 0.07 of its potential returns per unit of risk. Figma Inc is currently generating about -0.27 per unit of risk. If you would invest 7,917 in Zoom Video Communications on October 12, 2025 and sell it today you would earn a total of 601.00 from holding Zoom Video Communications or generate 7.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Zoom Video Communications vs. Figma Inc
Performance |
| Timeline |
| Zoom Video Communications |
| Figma Inc |
Zoom Video and Figma Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Zoom Video and Figma
The main advantage of trading using opposite Zoom Video and Figma positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zoom Video 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.| Zoom Video vs. PTC Inc | Zoom Video vs. HubSpot | Zoom Video vs. SSC Technologies Holdings | Zoom Video vs. Trade Desk |
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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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