First Graham Number from 2010 to 2024
| FRMEP Stock | USD 25.53 0.18 0.71% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 56.72672621 | Current Value 59.56 | Quarterly Volatility 15.34822702 |
Check First Merchants financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Merchants' main balance sheet or income statement drivers, such as Other Operating Expenses of 773.8 M, Operating Income of 272.2 M or EBIT of 272.2 M, as well as many indicators such as Price To Sales Ratio of 2.73, Dividend Yield of 0.0353 or PTB Ratio of 1.46. First financial statements analysis is a perfect complement when working with First Merchants Valuation or Volatility modules.
First | Graham Number |
Latest First Merchants' Graham Number Growth Pattern
Below is the plot of the Graham Number of First Merchants over the last few years. It is First Merchants' Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Merchants' overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
First Graham Number Regression Statistics
| Arithmetic Mean | 38.49 | |
| Geometric Mean | 34.91 | |
| Coefficient Of Variation | 39.88 | |
| Mean Deviation | 13.25 | |
| Median | 37.22 | |
| Standard Deviation | 15.35 | |
| Sample Variance | 235.57 | |
| Range | 50.1581 | |
| R-Value | 0.98 | |
| Mean Square Error | 10.97 | |
| R-Squared | 0.96 | |
| Slope | 3.36 | |
| Total Sum of Squares | 3,298 |
First Graham Number History
About First Merchants Financial Statements
First Merchants shareholders use historical fundamental indicators, such as Graham Number, to determine how well the company is positioned to perform in the future. Although First Merchants investors may analyze each financial statement separately, they are all interrelated. The changes in First Merchants' assets and liabilities, for example, are also reflected in the revenues and expenses on on First Merchants' 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 | ||
| Graham Number | 56.73 | 59.56 |
Pair Trading with First Merchants
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 Merchants 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 Merchants will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.65 | AX | Axos Financial | PairCorr |
| 0.66 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against First Stock
| 0.73 | WF | Woori Financial Group | PairCorr |
| 0.44 | TFC-PO | Truist Financial | PairCorr |
| 0.37 | TFC-PR | Truist Financial | PairCorr |
| 0.31 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to First Merchants 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 Merchants 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 Merchants - 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 Merchants to buy it.
The correlation of First Merchants 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 Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Merchants 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 Merchants 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 Merchants' price analysis, check to measure First Merchants' 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 Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.