First Majestic (Germany) Market Value
| FMV Stock | EUR 5.40 0.20 3.85% |
| Symbol | First |
First Majestic '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 Majestic'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 Majestic.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in First Majestic on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding First Majestic Silver or generate 0.0% return on investment in First Majestic over 30 days. First Majestic is related to or competes with Pan American, MAG Silver, Silvercorp Metals, Endeavour Silver, Dolly Varden, and Americas Gold. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties w... More
First Majestic 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 Majestic'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 Majestic Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.0021 | |||
| Maximum Drawdown | 20.17 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 6.78 |
First Majestic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Majestic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Majestic's standard deviation. In reality, there are many statistical measures that can use First Majestic historical prices to predict the future First Majestic's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | 0.0222 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0025 | |||
| Treynor Ratio | 0.084 |
First Majestic Silver Backtested Returns
At this point, First Majestic is moderately volatile. First Majestic Silver secures Sharpe Ratio (or Efficiency) of 0.0145, which denotes the company had a 0.0145% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Majestic Silver, which you can use to evaluate the volatility of the firm. Please confirm First Majestic's Downside Deviation of 3.24, mean deviation of 3.0, and Coefficient Of Variation of 9738.63 to check if the risk estimate we provide is consistent with the expected return of 0.0567%. First Majestic has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Majestic's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Majestic is expected to be smaller as well. First Majestic Silver right now shows a risk of 3.91%. Please confirm First Majestic Silver potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if First Majestic Silver will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
First Majestic Silver has below average predictability. Overlapping area represents the amount of predictability between First Majestic time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 Majestic Silver price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current First Majestic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
First Majestic Silver lagged returns against current returns
Autocorrelation, which is First Majestic 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 Majestic's stock expected returns. We can calculate the autocorrelation of First Majestic returns to help us make a trade decision. For example, suppose you find that First Majestic 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 Majestic 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 Majestic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Majestic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Majestic stock over time.
Current vs Lagged Prices |
| Timeline |
First Majestic Lagged Returns
When evaluating First Majestic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Majestic stock have on its future price. First Majestic 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 Majestic autocorrelation shows the relationship between First Majestic stock current value and its past values and can show if there is a momentum factor associated with investing in First Majestic Silver.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in First Stock
When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:Check out First Majestic Correlation, First Majestic Volatility and First Majestic Alpha and Beta module to complement your research on First Majestic. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
First Majestic 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.