FIRST AMERN FINL Market Value
| 31847RAF9 | 97.98 0.00 0.00% |
| Symbol | FIRST |
FIRST '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's bond 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.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in FIRST on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding FIRST AMERN FINL or generate 0.0% return on investment in FIRST over 90 days. FIRST is related to or competes with 00108WAF7, 90331HPL1, Charles Schwab, Knightscope, Liberty Media, Marvell Technology, and GM. More
FIRST 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's bond 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 AMERN FINL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 2.36 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 0.3717 |
FIRST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIRST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIRST's standard deviation. In reality, there are many statistical measures that can use FIRST historical prices to predict the future FIRST's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 1.01 |
FIRST AMERN FINL Backtested Returns
FIRST AMERN FINL secures Sharpe Ratio (or Efficiency) of -0.0415, which denotes the bond had a -0.0415% return per unit of volatility over the last 3 months. FIRST AMERN FINL exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FIRST's Mean Deviation of 0.199, standard deviation of 0.3809, and Market Risk Adjusted Performance of 1.02 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0312, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FIRST are expected to decrease at a much lower rate. During the bear market, FIRST is likely to outperform the market.
Auto-correlation | -0.25 |
Weak reverse predictability
FIRST AMERN FINL has weak reverse predictability. Overlapping area represents the amount of predictability between FIRST time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 AMERN FINL price movement. The serial correlation of -0.25 indicates that over 25.0% of current FIRST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
FIRST AMERN FINL lagged returns against current returns
Autocorrelation, which is FIRST bond'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's bond expected returns. We can calculate the autocorrelation of FIRST returns to help us make a trade decision. For example, suppose you find that FIRST has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIRST bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIRST bond over time.
Current vs Lagged Prices |
| Timeline |
FIRST Lagged Returns
When evaluating FIRST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIRST bond have on its future price. FIRST 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 autocorrelation shows the relationship between FIRST bond current value and its past values and can show if there is a momentum factor associated with investing in FIRST AMERN FINL.
Regressed Prices |
| Timeline |
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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 Bond
FIRST financial ratios help investors to determine whether FIRST Bond 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 security.