Figs Other Stockholder Equity vs Common Stock Shares Outstanding Analysis

FIGS Stock

USD 5.47 0.09 1.62%

Figs financial indicator trend analysis is much more than just examining Figs Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Figs Inc is a good investment. Please check the relationship between Figs Other Stockholder Equity and its Common Stock Shares Outstanding accounts. 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 price.

Other Stockholder Equity vs Common Stock Shares Outstanding

Other Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Figs Inc Other Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Figs' Other Stockholder Equity and Common Stock Shares Outstanding is 0.86. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Figs Inc, assuming nothing else is changed. The correlation between historical values of Figs' Other Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Figs Inc are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Other Stockholder Equity i.e., Figs' Other Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Other Stockholder Equity

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Figs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Figs Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 price.

Tax Provision is likely to gain to about 12.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 104.3 M in 2024.

	2021	2023	2024 (projected)
Depreciation And Amortization	539K	2.9M	1.5M
Interest Income	1.7M	5.5M	5.8M

Depreciation And Amortization Interest Income

Figs fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.85	0.96	1.0	-0.75	1.0	0.78	0.72	-0.82	0.91	0.88	0.92	0.83	0.93	0.97	0.98	0.86	0.91	0.87	0.79	0.94	0.33	0.99	1.0	1.0	0.78
Other Current Liab	0.85		0.85	0.84	-0.85	0.85	0.64	0.55	-0.62	0.75	0.95	0.72	0.67	0.93	0.8	0.73	0.83	0.66	0.9	0.65	0.95	0.68	0.84	0.87	0.84	0.62
Total Current Liabilities	0.96	0.85		0.95	-0.65	0.96	0.65	0.57	-0.92	0.87	0.94	0.97	0.72	0.84	0.96	0.93	0.79	0.76	0.83	0.66	0.97	0.45	0.95	0.96	0.95	0.65
Total Stockholder Equity	1.0	0.84	0.95		-0.75	1.0	0.78	0.72	-0.82	0.91	0.87	0.92	0.83	0.93	0.97	0.98	0.86	0.91	0.86	0.79	0.94	0.32	0.99	1.0	1.0	0.78
Other Liab	-0.75	-0.85	-0.65	-0.75		-0.71	-0.88	-0.84	0.35	-0.74	-0.75	-0.54	-0.87	-0.91	-0.63	-0.66	-0.75	-0.78	-0.95	-0.89	-0.77	-0.31	-0.75	-0.77	-0.75	-0.86
Net Tangible Assets	1.0	0.85	0.96	1.0	-0.71		0.72	0.66	-0.83	0.88	0.88	0.93	0.78	0.92	0.98	0.97	0.85	0.88	0.83	0.73	0.95	0.36	0.99	0.99	1.0	0.72
Property Plant And Equipment Net	0.78	0.64	0.65	0.78	-0.88	0.72		0.99	-0.41	0.86	0.61	0.6	0.99	0.82	0.7	0.76	0.76	0.92	0.88	1.0	0.67	-0.02	0.77	0.79	0.78	1.0
Current Deferred Revenue	0.72	0.55	0.57	0.72	-0.84	0.66	0.99		-0.33	0.84	0.52	0.52	0.98	0.76	0.65	0.71	0.73	0.89	0.83	0.99	0.6	-0.08	0.7	0.72	0.72	0.99
Net Debt	-0.82	-0.62	-0.92	-0.82	0.35	-0.83	-0.41	-0.33		-0.69	-0.8	-0.97	-0.49	-0.59	-0.85	-0.85	-0.53	-0.58	-0.59	-0.41	-0.81	-0.29	-0.83	-0.81	-0.82	-0.42
Retained Earnings	0.91	0.75	0.87	0.91	-0.74	0.88	0.86	0.84	-0.69		0.81	0.81	0.91	0.85	0.93	0.87	0.93	0.86	0.88	0.87	0.87	0.31	0.87	0.91	0.91	0.86
Accounts Payable	0.88	0.95	0.94	0.87	-0.75	0.88	0.61	0.52	-0.8	0.81		0.86	0.67	0.86	0.86	0.78	0.8	0.63	0.89	0.62	0.98	0.64	0.87	0.89	0.87	0.6
Cash	0.92	0.72	0.97	0.92	-0.54	0.93	0.6	0.52	-0.97	0.81	0.86		0.67	0.74	0.93	0.94	0.67	0.75	0.74	0.6	0.89	0.28	0.93	0.92	0.92	0.61
Non Current Assets Total	0.83	0.67	0.72	0.83	-0.87	0.78	0.99	0.98	-0.49	0.91	0.67	0.67		0.84	0.76	0.81	0.79	0.93	0.9	0.99	0.73	0.03	0.82	0.83	0.83	0.99
Non Currrent Assets Other	0.93	0.93	0.84	0.93	-0.91	0.92	0.82	0.76	-0.59	0.85	0.86	0.74	0.84		0.87	0.85	0.9	0.87	0.93	0.83	0.92	0.44	0.92	0.94	0.93	0.81
Other Assets	0.97	0.8	0.96	0.97	-0.63	0.98	0.7	0.65	-0.85	0.93	0.86	0.93	0.76	0.87		0.95	0.88	0.83	0.79	0.7	0.93	0.4	0.95	0.97	0.97	0.7
Cash And Short Term Investments	0.98	0.73	0.93	0.98	-0.66	0.97	0.76	0.71	-0.85	0.87	0.78	0.94	0.81	0.85	0.95		0.76	0.92	0.78	0.76	0.86	0.15	0.98	0.97	0.98	0.77
Net Receivables	0.86	0.83	0.79	0.86	-0.75	0.85	0.76	0.73	-0.53	0.93	0.8	0.67	0.79	0.9	0.88	0.76		0.77	0.83	0.77	0.87	0.55	0.8	0.87	0.86	0.74
Common Stock Total Equity	0.91	0.66	0.76	0.91	-0.78	0.88	0.92	0.89	-0.58	0.86	0.63	0.75	0.93	0.87	0.83	0.92	0.77		0.81	0.91	0.74	-0.02	0.9	0.9	0.91	0.92
Common Stock Shares Outstanding	0.87	0.9	0.83	0.86	-0.95	0.83	0.88	0.83	-0.59	0.88	0.89	0.74	0.9	0.93	0.79	0.78	0.83	0.81		0.89	0.9	0.39	0.86	0.89	0.86	0.87
Non Current Liabilities Total	0.79	0.65	0.66	0.79	-0.89	0.73	1.0	0.99	-0.41	0.87	0.62	0.6	0.99	0.83	0.7	0.76	0.77	0.91	0.89		0.69	0.01	0.78	0.79	0.79	1.0
Inventory	0.94	0.95	0.97	0.94	-0.77	0.95	0.67	0.6	-0.81	0.87	0.98	0.89	0.73	0.92	0.93	0.86	0.87	0.74	0.9	0.69		0.59	0.93	0.96	0.94	0.66
Other Current Assets	0.33	0.68	0.45	0.32	-0.31	0.36	-0.02	-0.08	-0.29	0.31	0.64	0.28	0.03	0.44	0.4	0.15	0.55	-0.02	0.39	0.01	0.59		0.28	0.36	0.32	-0.04
Other Stockholder Equity	0.99	0.84	0.95	0.99	-0.75	0.99	0.77	0.7	-0.83	0.87	0.87	0.93	0.82	0.92	0.95	0.98	0.8	0.9	0.86	0.78	0.93	0.28		0.99	0.99	0.77
Total Liab	1.0	0.87	0.96	1.0	-0.77	0.99	0.79	0.72	-0.81	0.91	0.89	0.92	0.83	0.94	0.97	0.97	0.87	0.9	0.89	0.79	0.96	0.36	0.99		1.0	0.78
Net Invested Capital	1.0	0.84	0.95	1.0	-0.75	1.0	0.78	0.72	-0.82	0.91	0.87	0.92	0.83	0.93	0.97	0.98	0.86	0.91	0.86	0.79	0.94	0.32	0.99	1.0		0.78
Property Plant And Equipment Gross	0.78	0.62	0.65	0.78	-0.86	0.72	1.0	0.99	-0.42	0.86	0.6	0.61	0.99	0.81	0.7	0.77	0.74	0.92	0.87	1.0	0.66	-0.04	0.77	0.78	0.78

Click cells to compare fundamentals

Figs Account Relationship Matchups

Pair Trading with Figs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Figs position performs unexpectedly, the other equity 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 Figs will appreciate offsetting losses from the drop in the long position's value.

Moving against Figs Stock

0.55	DH	Definitive Healthcare	Pair Corr
0.51	CVS	CVS Health Corp	Pair Corr
0.49	EVH	Evolent Health	Pair Corr
0.47	CAH	Cardinal Health Fiscal Year End 20th of August 2024	Pair Corr
0.46	VMD	Viemed Healthcare	Pair Corr

The ability to find closely correlated positions to Figs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Figs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Figs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Figs Inc to buy it.

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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Figs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Figs Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Figs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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Figs Other Stockholder Equity vs Common Stock Shares Outstanding Analysis

Other Stockholder Equity vs Common Stock Shares Outstanding

Other Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Other Stockholder Equity

Common Stock Shares Outstanding

Figs fundamental ratios Correlations

Figs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Figs

Moving against Figs Stock

Additional Tools for Figs Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Total Stockholder Equity

Cash	- 0.97	Net Debt
Common Stock Shares Outstanding	- 0.95	Other Liab
Net Debt	- 0.92	Total Current Liabilities
Non Currrent Assets Other	- 0.91	Other Liab
Non Current Liabilities Total	- 0.89	Other Liab
Property Plant And Equipment Net	- 0.88	Other Liab