First Farms (Denmark) Market Value
| FFARMS Stock | DKK 70.60 0.40 0.56% |
| Symbol | First |
First Farms '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 Farms' 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 Farms.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in First Farms on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding First Farms AS or generate 0.0% return on investment in First Farms over 30 days. First Farms is related to or competes with HH International, SKAKO AS, Spar Nord, Matas AS, and RTX AS. FirstFarms AS, through its subsidiaries, engages in the agriculture and food products business in Eastern Europe More
First Farms 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 Farms' 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 Farms AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.47 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.39 |
First Farms Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Farms' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Farms' standard deviation. In reality, there are many statistical measures that can use First Farms historical prices to predict the future First Farms' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.55) |
First Farms AS Backtested Returns
First Farms AS secures Sharpe Ratio (or Efficiency) of -0.0619, which denotes the company had a -0.0619% return per unit of risk over the last 3 months. First Farms AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Farms' Standard Deviation of 1.12, variance of 1.26, and Mean Deviation of 0.7296 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, First Farms' returns are expected to increase less than the market. However, during the bear market, the loss of holding First Farms is expected to be smaller as well. At this point, First Farms AS has a negative expected return of -0.0702%. Please make sure to confirm First Farms' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if First Farms AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
First Farms AS has very weak predictability. Overlapping area represents the amount of predictability between First Farms time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Farms AS price movement. The serial correlation of 0.19 indicates that over 19.0% of current First Farms price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
First Farms AS lagged returns against current returns
Autocorrelation, which is First Farms 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 Farms' stock expected returns. We can calculate the autocorrelation of First Farms returns to help us make a trade decision. For example, suppose you find that First Farms 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 Farms 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 Farms stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Farms stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Farms stock over time.
Current vs Lagged Prices |
| Timeline |
First Farms Lagged Returns
When evaluating First Farms' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Farms stock have on its future price. First Farms 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 Farms autocorrelation shows the relationship between First Farms stock current value and its past values and can show if there is a momentum factor associated with investing in First Farms AS.
Regressed Prices |
| Timeline |
Pair Trading with First Farms
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 Farms 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 Farms will appreciate offsetting losses from the drop in the long position's value.Moving against First Stock
The ability to find closely correlated positions to First Farms 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 Farms 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 Farms - 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 Farms AS to buy it.
The correlation of First Farms 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 Farms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Farms AS 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 Farms 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.Other Information on Investing in First Stock
First Farms financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Farms security.