First Community Stock Market Value
| FCCO Stock | USD 24.94 0.61 2.51% |
| Symbol | First |
First Community 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 Community. 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 Community 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 1.174 | Dividend Share 0.58 | Earnings Share 1.69 | Revenue Per Share 8.25 | Quarterly Revenue Growth 0.26 |
The market value of First Community 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 Community's value that differs from its market value or its book value, called intrinsic value, which is First Community'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 Community's market value can be influenced by many factors that don't directly affect First Community'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 Community's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Community is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Community'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 Community '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 Community'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 Community.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in First Community on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding First Community or generate 0.0% return on investment in First Community over 180 days. First Community is related to or competes with Community West, First Financial, First Northwest, Home Federal, and First Capital. First Community Corporation operates as the bank holding company for First Community Bank which offers various commercia... More
First Community 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 Community'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 Community upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0704 | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 4.19 |
First Community Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Community's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Community's standard deviation. In reality, there are many statistical measures that can use First Community historical prices to predict the future First Community's volatility.| Risk Adjusted Performance | 0.0936 | |||
| Jensen Alpha | 0.1362 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1004 | |||
| Treynor Ratio | 0.2045 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Community's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
First Community Backtested Returns
First Community appears to be very steady, given 3 months investment horizon. First Community secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Community, which you can use to evaluate the volatility of the firm. Please utilize First Community's Downside Deviation of 1.48, coefficient of variation of 864.31, and Mean Deviation of 1.35 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Community holds a performance score of 9. The firm shows a Beta (market volatility) of 1.14, which means a somewhat significant risk relative to the market. First Community returns are very sensitive to returns on the market. As the market goes up or down, First Community is expected to follow. Please check First Community's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether First Community's price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
First Community has good predictability. Overlapping area represents the amount of predictability between First Community time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Community price movement. The serial correlation of 0.75 indicates that around 75.0% of current First Community price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.78 |
First Community lagged returns against current returns
Autocorrelation, which is First Community 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 Community's stock expected returns. We can calculate the autocorrelation of First Community returns to help us make a trade decision. For example, suppose you find that First Community 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 Community 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 Community stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Community stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Community stock over time.
Current vs Lagged Prices |
| Timeline |
First Community Lagged Returns
When evaluating First Community's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Community stock have on its future price. First Community 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 Community autocorrelation shows the relationship between First Community stock current value and its past values and can show if there is a momentum factor associated with investing in First Community.
Regressed Prices |
| Timeline |
Pair Trading with First Community
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 Community 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 Community will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
| 0.58 | WF | Woori Financial Group | PairCorr |
| 0.37 | TFC-PO | Truist Financial | PairCorr |
| 0.33 | TFC-PR | Truist Financial | PairCorr |
| 0.32 | CFG-PE | Citizens Financial | PairCorr |
The ability to find closely correlated positions to First Community 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 Community 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 Community - 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 Community to buy it.
The correlation of First Community 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 Community moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Community 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 Community 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.Check out First Community Correlation, First Community Volatility and First Community Alpha and Beta module to complement your research on First Community. To learn how to invest in First Stock, please use our How to Invest in First Community guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
First Community 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.