Hi Varun,
Thank you for using FUMA, I think you might be bit confused about tissue enrichment tests between SNP2GENE and GENE2FUNC.
In the SNP2GENE, MAGMA tests tissue specificity by using gene expression value as a covariates conditioning on average expression across tissue types (so this is different from gene-set analyses). In other words, we test positive correlation between significance of associations and expression. We do not define "gene-set" here, instead we use global distribution of associations and gene expression.
In the GENE2FUNA, as you mentioned, I performed differential gene expression analyses (t-test, a certain tissue against all other) and create DEG gene sets. Then perform hypergeometric test to see if the list of genes of interests are enriched in DEG.
About fold change, the threshold is log2 scale, so 0.58 represent actual fold change 1.5. In FUMA, we use three different DEG, up-DEG (log2FC > 0.58), down-DEG (log2FC < -0.58) and DEG (|log2FC| > 0.58).
Hope everything is clear,
Best,
Kyoko