First Horizon National Stock Market Value
| FHN Stock | USD 19.03 0.72 3.93% |
| Symbol | First |
First Horizon National 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 Horizon. 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 Horizon 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 (0.04) | Dividend Share 0.6 | Earnings Share 1.36 | Revenue Per Share | Return On Assets |
The market value of First Horizon National 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 Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon'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 Horizon's market value can be influenced by many factors that don't directly affect First Horizon'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 Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon'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 Horizon '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 Horizon'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 Horizon.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in First Horizon on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding First Horizon National or generate 0.0% return on investment in First Horizon over 90 days. First Horizon is related to or competes with Zions Bancorporation, KeyCorp, Comerica, Western Alliance, Fifth Third, Truist Financial, and Huntington Bancshares. First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial se... More
First Horizon 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 Horizon'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 Horizon National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.71 |
First Horizon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Horizon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Horizon's standard deviation. In reality, there are many statistical measures that can use First Horizon historical prices to predict the future First Horizon's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | 0.0229 | |||
| Total Risk Alpha | 0.171 | |||
| Treynor Ratio | (0.12) |
First Horizon National Backtested Returns
First Horizon National secures Sharpe Ratio (or Efficiency) of -0.0375, which denotes the company had a -0.0375 % return per unit of risk over the last 3 months. First Horizon National exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Horizon's Standard Deviation of 1.89, mean deviation of 1.44, and Variance of 3.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.2, 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 Horizon will likely underperform. At this point, First Horizon National has a negative expected return of -0.0747%. Please make sure to confirm First Horizon's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if First Horizon National performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
First Horizon National has very good reverse predictability. Overlapping area represents the amount of predictability between First Horizon time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Horizon National price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current First Horizon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.56 |
First Horizon National lagged returns against current returns
Autocorrelation, which is First Horizon 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 Horizon's stock expected returns. We can calculate the autocorrelation of First Horizon returns to help us make a trade decision. For example, suppose you find that First Horizon 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 Horizon 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 Horizon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Horizon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Horizon stock over time.
Current vs Lagged Prices |
| Timeline |
First Horizon Lagged Returns
When evaluating First Horizon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Horizon stock have on its future price. First Horizon 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 Horizon autocorrelation shows the relationship between First Horizon stock current value and its past values and can show if there is a momentum factor associated with investing in First Horizon National.
Regressed Prices |
| Timeline |
When determining whether First Horizon National offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Horizon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Horizon National Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Horizon National Stock:
Check out First Horizon Correlation, First Horizon Volatility and First Horizon Alpha and Beta module to complement your research on First Horizon. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
First Horizon 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.