FIRST SAVINGS (Germany) Market Value
| 8N4 Stock | EUR 23.40 0.60 2.50% |
| Symbol | FIRST |
FIRST SAVINGS '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 SAVINGS'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 SAVINGS.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in FIRST SAVINGS on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding FIRST SAVINGS FINL or generate 0.0% return on investment in FIRST SAVINGS over 60 days. FIRST SAVINGS is related to or competes with Postal Savings, Truist Financial, Oversea-Chinese BankingLimited, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. First Savings Financial Group, Inc. operates as a financial holding company for First Savings Bank in southern Indiana More
FIRST SAVINGS 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 SAVINGS'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 SAVINGS FINL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1301 | |||
| Maximum Drawdown | 12.65 | |||
| Value At Risk | (4.37) | |||
| Potential Upside | 5.59 |
FIRST SAVINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIRST SAVINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIRST SAVINGS's standard deviation. In reality, there are many statistical measures that can use FIRST SAVINGS historical prices to predict the future FIRST SAVINGS's volatility.| Risk Adjusted Performance | 0.1193 | |||
| Jensen Alpha | 0.3558 | |||
| Total Risk Alpha | 0.3165 | |||
| Sortino Ratio | 0.1111 | |||
| Treynor Ratio | 4.24 |
FIRST SAVINGS FINL Backtested Returns
FIRST SAVINGS appears to be not too volatile, given 3 months investment horizon. FIRST SAVINGS FINL secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for FIRST SAVINGS FINL, which you can use to evaluate the volatility of the firm. Please utilize FIRST SAVINGS's Downside Deviation of 3.1, market risk adjusted performance of 4.25, and Mean Deviation of 1.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIRST SAVINGS holds a performance score of 11. The firm shows a Beta (market volatility) of 0.0841, which means not very significant fluctuations relative to the market. As returns on the market increase, FIRST SAVINGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIRST SAVINGS is expected to be smaller as well. Please check FIRST SAVINGS's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether FIRST SAVINGS's price patterns will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
FIRST SAVINGS FINL has excellent reverse predictability. Overlapping area represents the amount of predictability between FIRST SAVINGS time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 SAVINGS FINL price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current FIRST SAVINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 2.75 |
FIRST SAVINGS FINL lagged returns against current returns
Autocorrelation, which is FIRST SAVINGS 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 SAVINGS's stock expected returns. We can calculate the autocorrelation of FIRST SAVINGS returns to help us make a trade decision. For example, suppose you find that FIRST SAVINGS 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 SAVINGS 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 SAVINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIRST SAVINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIRST SAVINGS stock over time.
Current vs Lagged Prices |
| Timeline |
FIRST SAVINGS Lagged Returns
When evaluating FIRST SAVINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIRST SAVINGS stock have on its future price. FIRST SAVINGS 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 SAVINGS autocorrelation shows the relationship between FIRST SAVINGS stock current value and its past values and can show if there is a momentum factor associated with investing in FIRST SAVINGS FINL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FIRST Stock
FIRST SAVINGS 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 SAVINGS security.