Figma Shares Plunge 4.24% Amid Adobe Partnership and Slowing Revenue Growth Volume Ranks 226th

Figma (FIG) closed on Sept. , . , ranking 226th in overall market activity for the day. The move followed a series of strategic updates and market dynamics impacting its valuation.

Recent developments highlighted include the company’s announced partnership with Adobe to integrate Figma’s design tools with Adobe’s creative suite, which analysts suggest could streamline workflows for users but may also raise concerns about market dependence on third-party ecosystems. Additionally, , , signaling potential challenges in sustaining momentum.

Investor sentiment appears divided, with some positioning for long-term gains amid Figma’s expanding footprint in the design software sector. However, short-term volatility is being driven by broader market jitters over macroeconomic indicators, including inflation forecasts and interest rate expectations, which have dampened risk-on trades across tech equities.

To run this back-test we will need to: 1. Specify the investment universe (e.g., all U.S. common stocks listed on NYSE / NASDAQ / AMEX). 2. Retrieve two daily series for every security from 2022-01-03 (first trading day of 2022) through today: • Close price (for P-to-P return calculation) • Trading volume (for the daily ranking). 3. Each trading day t: • Rank the universe by that day’s volume, pick the top-500 names. • Form an equal-weighted portfolio at the close of t and hold until the close of t+1. 4. Stitch together the sequence of one-day portfolio returns, then calculate cumulative performance and risk metrics (annualised return, volatility, Sharpe, max draw-down, etc.).