First Capital Stock Market Value
| FCAP Stock | USD 32.65 0.13 0.40% |
| Symbol | First |
First Capital Price To Book Ratio
Is Regional Banks 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 Capital. 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 Capital 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 (0.08) | Dividend Share 1.1 | Earnings Share 3.52 | Revenue Per Share 12.275 | Quarterly Revenue Growth 0.026 |
The market value of First Capital 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 Capital's value that differs from its market value or its book value, called intrinsic value, which is First Capital'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 Capital's market value can be influenced by many factors that don't directly affect First Capital'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 Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Capital'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 Capital '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 Capital'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 Capital.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in First Capital on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding First Capital or generate 0.0% return on investment in First Capital over 30 days. First Capital is related to or competes with Fifth Third, Zions Bancorporation, Huntington Bancshares, Comerica, and MT Bank. First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services ... More
First Capital 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 Capital'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 Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 6.22 |
First Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Capital's standard deviation. In reality, there are many statistical measures that can use First Capital historical prices to predict the future First Capital's volatility.| Risk Adjusted Performance | 0.0412 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.493 |
First Capital Backtested Returns
Currently, First Capital is very steady. First Capital secures Sharpe Ratio (or Efficiency) of 0.0359, which denotes the company had a 0.0359% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Capital, which you can use to evaluate the volatility of the firm. Please confirm First Capital's Downside Deviation of 2.21, mean deviation of 1.76, and Coefficient Of Variation of 2247.12 to check if the risk estimate we provide is consistent with the expected return of 0.0956%. First Capital has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, First Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Capital is expected to be smaller as well. First Capital right now shows a risk of 2.67%. Please confirm First Capital maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if First Capital will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
First Capital has very good predictability. Overlapping area represents the amount of predictability between First Capital time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Capital price movement. The serial correlation of 0.8 indicates that around 80.0% of current First Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
First Capital lagged returns against current returns
Autocorrelation, which is First Capital 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 Capital's stock expected returns. We can calculate the autocorrelation of First Capital returns to help us make a trade decision. For example, suppose you find that First Capital 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 Capital 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 Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Capital stock over time.
Current vs Lagged Prices |
| Timeline |
First Capital Lagged Returns
When evaluating First Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Capital stock have on its future price. First Capital 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 Capital autocorrelation shows the relationship between First Capital stock current value and its past values and can show if there is a momentum factor associated with investing in First Capital.
Regressed Prices |
| Timeline |
Pair Trading with First Capital
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 Capital 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 Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Capital 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 Capital 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 Capital - 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 Capital to buy it.
The correlation of First Capital 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 Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Capital 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 Capital 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 Capital's price analysis, check to measure First Capital'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 Capital is operating at the current time. Most of First Capital's value examination focuses on studying past and present price action to predict the probability of First Capital'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 Capital's price. Additionally, you may evaluate how the addition of First Capital to your portfolios can decrease your overall portfolio volatility.