First Financial Bankshares Stock Market Value
| FFIN Stock | USD 42.03 0.54 1.27% |
| Symbol | First |
First Financial Bank Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Financial. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.115 | Dividend Share 0.72 | Earnings Share 1.45 | Revenue Per Share 3.574 | Quarterly Revenue Growth 0.112 |
The market value of First Financial Bank is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Financial's value that differs from its market value or its book value, called intrinsic value, which is First Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Financial's market value can be influenced by many factors that don't directly affect First Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Financial'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 Financial '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 Financial'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 Financial.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in First Financial on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding First Financial Bankshares or generate 0.0% return on investment in First Financial over 720 days. First Financial is related to or competes with BOK Financial, Auburn National, Great Southern, First Guaranty, First Interstate, Independent Bank, and CVB Financial. First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas More
First Financial 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 Financial'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 Financial Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0641 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.82 |
First Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Financial's standard deviation. In reality, there are many statistical measures that can use First Financial historical prices to predict the future First Financial's volatility.| Risk Adjusted Performance | 0.0974 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1014 | |||
| Treynor Ratio | 0.1148 |
First Financial Bank Backtested Returns
First Financial appears to be very steady, given 3 months investment horizon. First Financial Bank secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Financial Bankshares, which you can use to evaluate the volatility of the firm. Please utilize First Financial's Mean Deviation of 1.45, coefficient of variation of 844.69, and Downside Deviation of 1.46 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Financial holds a performance score of 9. The firm shows a Beta (market volatility) of 2.29, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Financial will likely underperform. Please check First Financial's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether First Financial's price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
First Financial Bankshares has modest reverse predictability. Overlapping area represents the amount of predictability between First Financial time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Financial Bank price movement. The serial correlation of -0.49 indicates that about 49.0% of current First Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 16.0 |
First Financial Bank lagged returns against current returns
Autocorrelation, which is First Financial 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 Financial's stock expected returns. We can calculate the autocorrelation of First Financial returns to help us make a trade decision. For example, suppose you find that First Financial 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 Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Financial stock over time.
Current vs Lagged Prices |
| Timeline |
First Financial Lagged Returns
When evaluating First Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Financial stock have on its future price. First Financial 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 Financial autocorrelation shows the relationship between First Financial stock current value and its past values and can show if there is a momentum factor associated with investing in First Financial Bankshares.
Regressed Prices |
| Timeline |
Pair Trading with First Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
| 0.45 | CFG-PE | Citizens Financial | PairCorr |
| 0.42 | TFC-PO | Truist Financial | PairCorr |
| 0.39 | TFC-PR | Truist Financial | PairCorr |
The ability to find closely correlated positions to First Financial 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 Financial 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 Financial - 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 Financial Bankshares to buy it.
The correlation of First Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Financial Bank 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 Financial 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 First Financial Correlation, First Financial Volatility and First Financial Alpha and Beta module to complement your research on First Financial. To learn how to invest in First Stock, please use our How to Invest in First Financial guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
First Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.