First Majestic Silver Stock Market Value
| AG Stock | USD 6.08 0.23 3.65% |
| Symbol | First |
First Majestic Silver Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Majestic. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Majestic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.359 | Dividend Share 0.018 | Earnings Share (0.26) | Revenue Per Share 1.8 | Quarterly Revenue Growth 0.097 |
The market value of First Majestic Silver is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Majestic's market value can be influenced by many factors that don't directly affect First Majestic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First Majestic '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 Majestic'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 Majestic.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in First Majestic on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding First Majestic Silver or generate 0.0% return on investment in First Majestic over 90 days. First Majestic is related to or competes with Fortitude Gold, and GoldMining. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties w... More
First Majestic 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 Majestic'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 Majestic Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0263 | |||
| Maximum Drawdown | 19.96 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 7.11 |
First Majestic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Majestic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Majestic's standard deviation. In reality, there are many statistical measures that can use First Majestic historical prices to predict the future First Majestic's volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.1965 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | 0.9283 |
First Majestic Silver Backtested Returns
First Majestic appears to be slightly risky, given 3 months investment horizon. First Majestic Silver secures Sharpe Ratio (or Efficiency) of 0.0557, which denotes the company had a 0.0557% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Majestic Silver, which you can use to evaluate the volatility of the firm. Please utilize First Majestic's Mean Deviation of 2.94, coefficient of variation of 1694.18, and Downside Deviation of 3.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Majestic holds a performance score of 4. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, First Majestic's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Majestic is expected to be smaller as well. Please check First Majestic's total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to make a quick decision on whether First Majestic's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
First Majestic Silver has very good reverse predictability. Overlapping area represents the amount of predictability between First Majestic time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Majestic Silver price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current First Majestic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
First Majestic Silver lagged returns against current returns
Autocorrelation, which is First Majestic 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 Majestic's stock expected returns. We can calculate the autocorrelation of First Majestic returns to help us make a trade decision. For example, suppose you find that First Majestic 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 Majestic 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 Majestic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Majestic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Majestic stock over time.
Current vs Lagged Prices |
| Timeline |
First Majestic Lagged Returns
When evaluating First Majestic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Majestic stock have on its future price. First Majestic 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 Majestic autocorrelation shows the relationship between First Majestic stock current value and its past values and can show if there is a momentum factor associated with investing in First Majestic Silver.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out First Majestic Correlation, First Majestic Volatility and First Majestic Alpha and Beta module to complement your research on First Majestic. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
First Majestic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.