First Price Earnings Ratio from 2010 to 2024
| FSLR Stock | USD 181.95 2.89 1.56% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 22.14630713 | Current Value 23.25 | Quarterly Volatility 98.23820563 |
Check First Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Solar's main balance sheet or income statement drivers, such as Interest Expense of 9.9 M, Gross Profit of 1.4 B or Other Operating Expenses of 2 B, as well as many indicators such as Price To Sales Ratio of 5.27, Dividend Yield of 0.0 or PTB Ratio of 4.35. First financial statements analysis is a perfect complement when working with First Solar Valuation or Volatility modules.
First | Price Earnings Ratio |
Latest First Solar's Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of First Solar over the last few years. It is First Solar's Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Solar's overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
|
Price Earnings Ratio |
| Timeline |
First Price Earnings Ratio Regression Statistics
| Arithmetic Mean | (25.88) | |
| Geometric Mean | 27.66 | |
| Coefficient Of Variation | (379.61) | |
| Mean Deviation | 56.96 | |
| Median | 12.18 | |
| Standard Deviation | 98.24 | |
| Sample Variance | 9,651 | |
| Range | 392 | |
| R-Value | (0.17) | |
| Mean Square Error | 10,076 | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | (3.84) | |
| Total Sum of Squares | 135,110 |
First Price Earnings Ratio History
About First Solar Financial Statements
First Solar shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although First Solar investors may analyze each financial statement separately, they are all interrelated. The changes in First Solar's assets and liabilities, for example, are also reflected in the revenues and expenses on on First Solar'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 | ||
| Price Earnings Ratio | 22.15 | 23.25 |
Pair Trading with First Solar
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 Solar 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 Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
| 0.7 | CSCO | Cisco Systems | PairCorr |
| 0.69 | CWAN | Clearwater Analytics | PairCorr |
| 0.67 | EHGO | Eshallgo Class A | PairCorr |
| 0.51 | IPGP | IPG Photonics | PairCorr |
| 0.48 | KLIC | Kulicke and Soffa | PairCorr |
The ability to find closely correlated positions to First Solar 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 Solar 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 Solar - 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 Solar to buy it.
The correlation of First Solar 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 Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar 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 Solar 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 Solar's price analysis, check to measure First Solar'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 Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar'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 Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.