First Historical Valuation
| FRMEP Stock | USD 25.55 0.05 0.20% |
Some fundamental drivers such as market cap or First Merchants enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze First Merchants valuation indicators such as Enterprise Value of 3.1 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 Merchants's future value.
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About First Valuation Data Analysis
Valuation is the financial process of determining what First Merchants is worth. First Merchants 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 Merchants 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 Merchants security.
First Merchants Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as First Merchants theoretical takeover price. In the event of an acquisition, an acquirer would have to take on First Merchants debt, but would also pocket its cash. Enterprise Value is more accurate representation of First Merchants value than its market capitalization because it takes into account all of First Merchants 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.Pair Trading with First Merchants
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 Merchants 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 Merchants will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.78 | AX | Axos Financial | PairCorr |
| 0.78 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against First Stock
| 0.77 | CFG-PE | Citizens Financial | PairCorr |
| 0.7 | TFC-PR | Truist Financial | PairCorr |
| 0.67 | TFC-PO | Truist Financial | PairCorr |
| 0.6 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to First Merchants 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 Merchants 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 Merchants - 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 Merchants to buy it.
The correlation of First Merchants 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 Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Merchants 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 Merchants 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.Additional Tools for First Stock Analysis
When running First Merchants' price analysis, check to measure First Merchants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.