First Financial (Taiwan) Market Value
| 2892 Stock | TWD 27.85 0.20 0.72% |
| Symbol | First |
First Financial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Financial's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in First Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding First Financial Holding or generate 0.0% return on investment in First Financial over 30 days. First Financial is related to or competes with Mega Financial, CTBC Financial, Hua Nan, ESUN Financial, and Fubon Financial. First Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan,... More
First Financial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Financial's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8741 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.45 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.48 |
First Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Financial's standard deviation. In reality, there are many statistical measures that can use First Financial historical prices to predict the future First Financial's volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0383 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (0.29) |
First Financial Holding Backtested Returns
At this stage we consider First Stock to be very steady. First Financial Holding secures Sharpe Ratio (or Efficiency) of 0.0451, which denotes the company had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Financial Holding, which you can use to evaluate the volatility of the firm. Please confirm First Financial's Downside Deviation of 0.8741, mean deviation of 0.6682, and Coefficient Of Variation of 2498.73 to check if the risk estimate we provide is consistent with the expected return of 0.0417%. First Financial has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0931, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Financial are expected to decrease at a much lower rate. During the bear market, First Financial is likely to outperform the market. First Financial Holding right now shows a risk of 0.92%. Please confirm First Financial Holding jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if First Financial Holding will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
First Financial Holding has very good reverse predictability. Overlapping area represents the amount of predictability between First Financial time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Financial Holding price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current First Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
First Financial Holding lagged returns against current returns
Autocorrelation, which is First Financial stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting First Financial's stock expected returns. We can calculate the autocorrelation of First Financial returns to help us make a trade decision. For example, suppose you find that First Financial has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
First Financial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If First Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Financial stock over time.
Current vs Lagged Prices |
| Timeline |
First Financial Lagged Returns
When evaluating First Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Financial stock have on its future price. First Financial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, First Financial autocorrelation shows the relationship between First Financial stock current value and its past values and can show if there is a momentum factor associated with investing in First Financial Holding.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for First Stock Analysis
When running First Financial's price analysis, check to measure First Financial'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 Financial is operating at the current time. Most of First Financial's value examination focuses on studying past and present price action to predict the probability of First Financial'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 Financial's price. Additionally, you may evaluate how the addition of First Financial to your portfolios can decrease your overall portfolio volatility.