First Historical Valuation
| AG Stock | 9.08 0.12 1.30% |
Some fundamental drivers such as market cap or First Majestic enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze First Majestic Silver valuation indicators such as Working Capital of 86.2 K or Enterprise Value of 1.9 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of First Majestic's future value.
First Majestic Working Capital |
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First |
About First Valuation Data Analysis
Valuation is the financial process of determining what First Majestic is worth. First Majestic valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. First Majestic valuation 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 Majestic security.
First Majestic Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as First Majestic theoretical takeover price. In the event of an acquisition, an acquirer would have to take on First Majestic Silver debt, but would also pocket its cash. Enterprise Value is more accurate representation of First Majestic value than its market capitalization because it takes into account all of First Majestic Silver existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from First Majestic's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into First Majestic Silver current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, First Majestic's Market Cap is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 1.9 B, while Working Capital is likely to drop about 86.2 K.
| 2023 | 2024 (projected) | Working Capital | 161.9K | 86.2K | Market Cap | 1.7B | 1.8B |
First Majestic valuation accounts Correlations
First Majestic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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First Majestic valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.5B | 2.9B | 2.7B | 2.2B | 1.7B | 1.8B | |
| Enterprise Value | 2.5B | 2.8B | 2.7B | 2.3B | 1.8B | 1.9B |
Pair Trading with First Majestic
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 Majestic 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 Majestic will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
The ability to find closely correlated positions to First Majestic 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 Majestic 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 Majestic - 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 Majestic Silver to buy it.
The correlation of First Majestic 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 Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver 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 Majestic 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.