First Competitors
| AG Stock | USD 20.40 0.44 2.11% |
First Majestic vs Triple Flag Correlation
Very poor diversification
The correlation between First Majestic Silver and TFPM is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Majestic Silver and TFPM in the same portfolio, assuming nothing else is changed.
Moving together with First Stock
| 0.9 | B | Barrick Mining Symbol Change | PairCorr |
| 0.85 | AA | Alcoa Corp | PairCorr |
| 0.9 | AP | Ampco Pittsburgh | PairCorr |
| 0.89 | AU | AngloGold Ashanti plc | PairCorr |
| 0.93 | HL | Hecla Mining Buyout Trend | PairCorr |
Moving against First Stock
The current Return On Tangible Assets is estimated to decrease to -0.05. The First Majestic's current Return On Capital Employed is estimated to increase to -0.0022. At this time, First Majestic's Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The First Majestic's current Total Current Assets is estimated to increase to about 445.4 M, while Other Current Assets are projected to decrease to roughly 7.9 M.First Majestic Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Majestic and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First Majestic Silver does not affect the price movement of the other competitor.
Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First Majestic 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 First Majestic's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBM | 2.46 | 0.73 | 0.21 | 0.63 | 3.02 | 5.78 | 21.74 | |||
| NGD | 3.09 | 0.60 | 0.15 | 0.30 | 3.77 | 6.67 | 29.39 | |||
| AXTA | 1.20 | 0.10 | 0.06 | 0.17 | 1.40 | 2.69 | 7.97 | |||
| HL | 4.01 | 0.98 | 0.22 | 0.48 | 4.01 | 8.95 | 27.31 | |||
| OR | 1.93 | 0.37 | 0.11 | 0.99 | 2.84 | 4.10 | 19.93 | |||
| LPX | 1.71 | (0.03) | 0.00 | 0.02 | 2.48 | 4.95 | 12.08 | |||
| CLF | 2.73 | 0.01 | 0.01 | 0.05 | 4.72 | 5.23 | 17.41 | |||
| BTG | 2.42 | 0.08 | 0.02 | 0.10 | 3.69 | 5.48 | 21.21 | |||
| IAG | 2.74 | 0.84 | 0.20 | 1.04 | 3.24 | 7.53 | 28.42 | |||
| TFPM | 1.97 | 0.33 | 0.11 | 0.35 | 2.75 | 4.21 | 16.05 |
Cross Equities Net Income Analysis
Compare First Majestic Silver and related stocks such as Hudbay Minerals, New Gold, and Axalta Coating Systems Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HBM | (2.5 M) | (150.7 M) | (20.9 M) | (95.4 M) | 65.3 M | (331.4 M) | (35.2 M) | 139.7 M | 85.4 M | (343.8 M) | (144.6 M) | (244.4 M) | 70.4 M | 66.4 M | 76.7 M | 69 M | 72.5 M |
| NGD | (40 K) | 179 M | 199 M | (191.2 M) | (477.1 M) | (201.4 M) | 2.7 M | (108 M) | (1.2 B) | (73.5 M) | (79.3 M) | 140.6 M | (66.8 M) | (64.5 M) | 102.6 M | 92.3 M | 97 M |
| AXTA | 179.4 M | 179.4 M | 243.3 M | (224.9 M) | 27.4 M | 91.6 M | 38.8 M | 36.7 M | 207.1 M | 249 M | 121.6 M | 263.9 M | 192 M | 267.4 M | 391 M | 449.6 M | 472.1 M |
| HL | (4.2 M) | 151.2 M | 15 M | (25.1 M) | 17.8 M | (87 M) | 69.5 M | (23.5 M) | (26.6 M) | (94.9 M) | (9.5 M) | 35.1 M | (37.3 M) | (84.2 M) | 35.8 M | 41.2 M | 43.2 M |
| OR | 0.0 | 17.6 M | 79 M | (455.1 M) | 1.7 B | 28.7 M | 42.1 M | (42.5 M) | (105.6 M) | (234.2 M) | 16.9 M | (18.5 M) | (87.5 M) | (37.4 M) | 16.3 M | 14.6 M | 13.9 M |
| LPX | 25.5 M | (170.7 M) | 28.8 M | 177.1 M | (75.4 M) | (88.1 M) | 149.8 M | 389.8 M | 394.6 M | (5 M) | 499 M | 1.4 B | 1.1 B | 178 M | 420 M | 483 M | 507.1 M |
| CLF | 20.1 M | 1.6 B | (899.4 M) | 413.5 M | (7.2 B) | (749.3 M) | 174.1 M | 374.9 M | 1.1 B | 292.8 M | (122 M) | 3 B | 1.3 B | 399 M | (754 M) | (867.1 M) | (823.7 M) |
| BTG | (4.2 M) | 56.3 M | 51.9 M | 67.3 M | (665.3 M) | (149.9 M) | 39.1 M | 56.9 M | 28.9 M | 293.4 M | 628.1 M | 420.1 M | 252.9 M | 10.1 M | (629.9 M) | (724.4 M) | (688.2 M) |
| IAG | (3.9 M) | 806.7 M | 334.7 M | (832.5 M) | (206.8 M) | (755.3 M) | 52.6 M | 501.6 M | (28.2 M) | (412.6 M) | 42.6 M | (254.4 M) | (70.1 M) | 94.3 M | 819.6 M | 942.5 M | 989.7 M |
| TFPM | (6.6 M) | (6.6 M) | (6.6 M) | (6.6 M) | (6.6 M) | (6.6 M) | (6.6 M) | (29 M) | (32 K) | (13.8 M) | 55.6 M | 45.5 M | 55.1 M | 36.3 M | (23.1 M) | (26.5 M) | (25.2 M) |
First Majestic Silver and related stocks such as Hudbay Minerals, New Gold, and Axalta Coating Systems Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in First Majestic Silver financial statement analysis. It represents the amount of money remaining after all of First Majestic Silver operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.First Majestic Competitive Analysis
The better you understand First Majestic competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Majestic's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First Majestic's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
First Majestic Competition Performance Charts
Five steps to successful analysis of First Majestic Competition
First Majestic's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First Majestic Silver in relation to its competition. First Majestic's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of First Majestic in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First Majestic's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Majestic Silver, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your First Majestic position
In addition to having First Majestic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Silver
Companies involved in mining, production, and distribution of silver and silver goods. The Silver theme has 48 constituents at this time.
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Check out First Majestic Correlation with its peers. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Can Metals & Mining industry sustain growth momentum? Does First have expansion opportunities? Factors like these will boost the valuation of First Majestic. If investors know First will grow in the future, the company's valuation will be higher. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating First Majestic demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 2.359 | Dividend Share 0.02 | Earnings Share 0.14 | Revenue Per Share | Quarterly Revenue Growth 0.951 |
Investors evaluate First Majestic Silver using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating First Majestic's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause First Majestic's market price to deviate significantly from intrinsic value.
Understanding that First Majestic's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether First Majestic represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, First Majestic's market price signifies the transaction level at which participants voluntarily complete trades.