First's market value is the price at which a share of First trades on a public exchange. It measures the collective expectations of First Class Metals investors about its performance. First is trading at 1.80 as of the 5th of January 2025, a 5.88 percent increase since the beginning of the trading day. The stock's lowest day price was 1.71. With this module, you can estimate the performance of a buy and hold strategy of First Class Metals and determine expected loss or profit from investing in First over a given investment horizon. Check out First Correlation, First Volatility and First Alpha and Beta module to complement your research on First.
Please note, there is a significant difference between First's value and its price as these two are different measures arrived at by different means. Investors typically determine if First is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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.
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11/06/2024
No Change 0.00
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In 2 months and 1 day
01/05/2025
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If you would invest 0.00 in First on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding First Class Metals or generate 0.0% return on investment in First over 60 days. First is related to or competes with Givaudan, Antofagasta PLC, Ferrexpo PLC, Atalaya Mining, Amaroq Minerals, Central Asia, and Anglo Asian. First is entity of United Kingdom. It is traded as Stock on LSE exchange. 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 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 Class Metals upside and downside potential and time the market with a certain degree of confidence.
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.
At this point, First is dangerous. First Class Metals secures Sharpe Ratio (or Efficiency) of 0.005, which denotes the company had a 0.005% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Class Metals, which you can use to evaluate the volatility of the firm. Please confirm First's Coefficient Of Variation of 1287.18, mean deviation of 3.25, and Downside Deviation of 5.48 to check if the risk estimate we provide is consistent with the expected return of 0.0239%. The firm shows a Beta (market volatility) of 0.0783, which means not very significant fluctuations relative to the market. As returns on the market increase, First's returns are expected to increase less than the market. However, during the bear market, the loss of holding First is expected to be smaller as well. First Class Metals right now shows a risk of 4.82%. Please confirm First Class Metals sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if First Class Metals will be following its price patterns.
Auto-correlation
-0.06
Very weak reverse predictability
First Class Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between First time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th 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 Class Metals price movement. The serial correlation of -0.06 indicates that barely 6.0% of current First price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.16
Residual Average
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Price Variance
0.06
First Class Metals lagged returns against current returns
Autocorrelation, which is First 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's stock 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in First Class Metals.
Regressed Prices
Timeline
Also Currently Popular
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.
First 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 security.