First Bancorp Stock Market Value
| FNLC Stock | USD 28.49 0.76 2.60% |
| Symbol | First |
First Bancorp 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 Bancorp. 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 Bancorp 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 0.015 | Dividend Share 1.42 | Earnings Share 2.38 | Revenue Per Share 7.084 | Quarterly Revenue Growth 0.056 |
The market value of First Bancorp 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 Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp'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 Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp'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 Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp'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 Bancorp '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 Bancorp'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 Bancorp.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in First Bancorp on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding First Bancorp or generate 0.0% return on investment in First Bancorp over 30 days. First Bancorp is related to or competes with LINKBANCORP, Bankwell Financial, FS Bancorp, Finward Bancorp, Community West, First Financial, and Oak Valley. The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking product... More
First Bancorp 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 Bancorp'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 Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 23.55 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.0 |
First Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Bancorp's standard deviation. In reality, there are many statistical measures that can use First Bancorp historical prices to predict the future First Bancorp's volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0066 | |||
| Treynor Ratio | 0.0522 |
First Bancorp Backtested Returns
First Bancorp appears to be very steady, given 3 months investment horizon. First Bancorp secures Sharpe Ratio (or Efficiency) of 0.0716, which denotes the company had a 0.0716% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Bancorp, which you can use to evaluate the volatility of the firm. Please utilize First Bancorp's Downside Deviation of 2.14, mean deviation of 1.57, and Coefficient Of Variation of 1987.56 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Bancorp holds a performance score of 5. The firm shows a Beta (market volatility) of 2.46, 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 Bancorp will likely underperform. Please check First Bancorp's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether First Bancorp's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
First Bancorp has very weak predictability. Overlapping area represents the amount of predictability between First Bancorp time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Bancorp price movement. The serial correlation of 0.16 indicates that over 16.0% of current First Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
First Bancorp lagged returns against current returns
Autocorrelation, which is First Bancorp 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 Bancorp's stock expected returns. We can calculate the autocorrelation of First Bancorp returns to help us make a trade decision. For example, suppose you find that First Bancorp 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 Bancorp 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 Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
First Bancorp Lagged Returns
When evaluating First Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Bancorp stock have on its future price. First Bancorp 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 Bancorp autocorrelation shows the relationship between First Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in First Bancorp.
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.When determining whether First Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Bancorp'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 Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Bancorp Stock:Check out First Bancorp Correlation, First Bancorp Volatility and First Bancorp Alpha and Beta module to complement your research on First Bancorp. For information on how to trade First Stock refer to our How to Trade First Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
First Bancorp 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.