First National Energy Stock Market Value
| FNEC Stock | USD 0.02 0.02 45.15% |
| Symbol | First |
First National '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 National's pink sheet 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 National.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in First National on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding First National Energy or generate 0.0% return on investment in First National over 90 days. First National is related to or competes with Kontrol Technologies, and Boralex. First National Energy Corporation focuses on providing wind-driven solutions for power generation More
First National 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 National's pink sheet 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 National Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 144.7 |
First National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First National's standard deviation. In reality, there are many statistical measures that can use First National historical prices to predict the future First National's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | 2.45 | |||
| Treynor Ratio | 0.3761 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First National's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
First National Energy Backtested Returns
First National Energy secures Sharpe Ratio (or Efficiency) of -0.0197, which denotes the company had a -0.0197 % return per unit of risk over the last 3 months. First National Energy exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First National's Variance of 271.41, mean deviation of 3.64, and Standard Deviation of 16.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.88, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning First National are expected to decrease slowly. On the other hand, during market turmoil, First National is expected to outperform it slightly. At this point, First National Energy has a negative expected return of -0.33%. Please make sure to confirm First National's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if First National Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
First National Energy has poor reverse predictability. Overlapping area represents the amount of predictability between First National 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 National Energy price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current First National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First National Energy lagged returns against current returns
Autocorrelation, which is First National pink sheet'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 National's pink sheet expected returns. We can calculate the autocorrelation of First National returns to help us make a trade decision. For example, suppose you find that First National has exhibited high autocorrelation historically, and you observe that the pink sheet 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 National 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 National pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First National pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First National pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First National Lagged Returns
When evaluating First National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First National pink sheet have on its future price. First National 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 National autocorrelation shows the relationship between First National pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First National Energy.
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.Other Information on Investing in First Pink Sheet
First National financial ratios help investors to determine whether First Pink Sheet 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 National security.