First International (Israel) Market Value
| FIBI Stock | ILS 17,150 50.00 0.29% |
| Symbol | First |
First International '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 International'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 International.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in First International on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding First International Bank or generate 0.0% return on investment in First International over 30 days. First International is related to or competes with Bank Hapoalim, Israel Discount, Mizrahi Tefahot, Bezeq Israeli, and Elbit Systems. First International Bank of Israel Ltd. provides various financial and banking services to individuals, households, and ... More
First International 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 International'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 International Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.0527 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.41 |
First International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First International's standard deviation. In reality, there are many statistical measures that can use First International historical prices to predict the future First International's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.1508 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0568 | |||
| Treynor Ratio | 0.7279 |
First International Bank Backtested Returns
First International appears to be very steady, given 3 months investment horizon. First International Bank secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for First International Bank, which you can use to evaluate the volatility of the firm. Please utilize First International's Coefficient Of Variation of 772.28, downside deviation of 1.33, and Mean Deviation of 1.16 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First International holds a performance score of 16. 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 International's returns are expected to increase less than the market. However, during the bear market, the loss of holding First International is expected to be smaller as well. Please check First International's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether First International's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
First International Bank has modest predictability. Overlapping area represents the amount of predictability between First International time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 International Bank price movement. The serial correlation of 0.55 indicates that about 55.0% of current First International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 35.6 K |
First International Bank lagged returns against current returns
Autocorrelation, which is First International 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 International's stock expected returns. We can calculate the autocorrelation of First International returns to help us make a trade decision. For example, suppose you find that First International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First International stock over time.
Current vs Lagged Prices |
| Timeline |
First International Lagged Returns
When evaluating First International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First International stock have on its future price. First International 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 International autocorrelation shows the relationship between First International stock current value and its past values and can show if there is a momentum factor associated with investing in First International Bank.
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.Other Information on Investing in First Stock
First International 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 International security.