First Citizens Bancshares Stock Market Value
| FCNCA Stock | USD 2,353 28.85 1.24% |
| Symbol | First |
First Citizens BancShares 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 Citizens. 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 Citizens 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 (0.14) | Dividend Share 6.56 | Earnings Share 174.6 | Revenue Per Share 646.115 | Quarterly Revenue Growth (0.03) |
The market value of First Citizens BancShares 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 Citizens' value that differs from its market value or its book value, called intrinsic value, which is First Citizens' 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 Citizens' market value can be influenced by many factors that don't directly affect First Citizens' 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 Citizens' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Citizens is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Citizens' 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 Citizens '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 Citizens' 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 Citizens.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in First Citizens on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding First Citizens BancShares or generate 0.0% return on investment in First Citizens over 330 days. First Citizens is related to or competes with Zions Bancorporation, KeyCorp, Comerica, First Horizon, Western Alliance, Truist Financial, and Huntington Bancshares. First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides reta... More
First Citizens 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 Citizens' 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 Citizens BancShares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0539 | |||
| Maximum Drawdown | 22.66 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 2.35 |
First Citizens Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Citizens' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Citizens' standard deviation. In reality, there are many statistical measures that can use First Citizens historical prices to predict the future First Citizens' volatility.| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | 0.1128 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Citizens' 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 Citizens BancShares Backtested Returns
First Citizens appears to be very steady, given 3 months investment horizon. First Citizens BancShares secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Citizens BancShares, which you can use to evaluate the volatility of the firm. Please utilize First Citizens' Mean Deviation of 1.75, coefficient of variation of 1040.65, and Downside Deviation of 2.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Citizens holds a performance score of 8. The firm shows a Beta (market volatility) of 2.55, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Citizens will likely underperform. Please check First Citizens' potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether First Citizens' price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
First Citizens BancShares has good predictability. Overlapping area represents the amount of predictability between First Citizens time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Citizens BancShares price movement. The serial correlation of 0.68 indicates that around 68.0% of current First Citizens price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 24.1 K |
First Citizens BancShares lagged returns against current returns
Autocorrelation, which is First Citizens 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 Citizens' stock expected returns. We can calculate the autocorrelation of First Citizens returns to help us make a trade decision. For example, suppose you find that First Citizens 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 Citizens 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 Citizens stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Citizens stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Citizens stock over time.
Current vs Lagged Prices |
| Timeline |
First Citizens Lagged Returns
When evaluating First Citizens' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Citizens stock have on its future price. First Citizens 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 Citizens autocorrelation shows the relationship between First Citizens stock current value and its past values and can show if there is a momentum factor associated with investing in First Citizens BancShares.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether First Citizens BancShares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Citizens' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Citizens Bancshares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Citizens Bancshares Stock:Check out First Citizens Correlation, First Citizens Volatility and First Citizens Alpha and Beta module to complement your research on First Citizens. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
First Citizens 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.