First Roe from 2010 to 2024
| FBP Stock | USD 20.68 0.43 2.04% |
ROE | First Reported 2010-12-31 | Previous Quarter 0.20223169 | Current Value 0.21 | Quarterly Volatility 0.1409072 |
Check First Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Bancorp's main balance sheet or income statement drivers, such as Interest Expense of 216.8 M, Other Operating Expenses of 363.7 M or Operating Income of 369.3 M, as well as many indicators such as Price To Sales Ratio of 4.3, Dividend Yield of 0.0328 or PTB Ratio of 1.38. First financial statements analysis is a perfect complement when working with First Bancorp Valuation or Volatility modules.
First | Roe |
Latest First Bancorp's Roe Growth Pattern
Below is the plot of the Roe of First Bancorp over the last few years. It is First Bancorp's ROE historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Bancorp's overall financial position and show how it may be relating to other accounts over time.
| Roe | 10 Years Trend |
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Roe |
| Timeline |
First Roe Regression Statistics
| Arithmetic Mean | 0.06 | |
| Coefficient Of Variation | 239.37 | |
| Mean Deviation | 0.10 | |
| Median | 0.05 | |
| Standard Deviation | 0.14 | |
| Sample Variance | 0.02 | |
| Range | 0.5095 | |
| R-Value | 0.76 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.57 | |
| Significance | 0 | |
| Slope | 0.02 | |
| Total Sum of Squares | 0.28 |
First Roe History
About First Bancorp Financial Statements
First Bancorp shareholders use historical fundamental indicators, such as Roe, to determine how well the company is positioned to perform in the future. Although First Bancorp investors may analyze each financial statement separately, they are all interrelated. The changes in First Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses on on First Bancorp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROE | 0.20 | 0.21 |
Pair Trading with First Bancorp
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 Bancorp 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 Bancorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Bancorp 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 Bancorp 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 Bancorp - 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 Bancorp to buy it.
The correlation of First Bancorp 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 Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancorp 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 Bancorp 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.Additional Tools for First Stock Analysis
When running First Bancorp's price analysis, check to measure First Bancorp's 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 First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.