First Net Income Per E B T from 2010 to 2024
| AG Stock | 8.81 0.20 2.22% |
Net Income Per E B T | First Reported 2010-12-31 | Previous Quarter 0.68964602 | Current Value 0.83 | Quarterly Volatility 0.70790103 |
Check First Majestic financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Majestic's main balance sheet or income statement drivers, such as Interest Income of 6.8 M, Interest Expense of 14.5 M or Selling General Administrative of 46.2 M, as well as many indicators such as Price To Sales Ratio of 2.8, Dividend Yield of 0.0021 or PTB Ratio of 1.39. First financial statements analysis is a perfect complement when working with First Majestic Valuation or Volatility modules.
First | Net Income Per E B T |
Pair Trading with First Majestic
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 First Majestic 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 First Majestic will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
The ability to find closely correlated positions to First Majestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Majestic 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 First Majestic - 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 First Majestic Silver to buy it.
The correlation of First Majestic 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 First Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver 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 First Majestic 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.Check out the analysis of First Majestic Correlation against competitors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.