First Resource Bank Stock Market Value
| FRSB Stock | USD 15.93 0.00 0.00% |
| Symbol | First |
First Resource '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 Resource's otc 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 Resource.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in First Resource on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding First Resource Bank or generate 0.0% return on investment in First Resource over 180 days. First Resource is related to or competes with Banco Bradesco, Itau Unibanco, Deutsche Bank, and Banco Santander. First Resources Bancorp, Inc. operates as the bank holding for First Resource Bank that provides personal and business b... More
First Resource 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 Resource's otc 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 Resource Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.0732 | |||
| Maximum Drawdown | 11.1 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 2.44 |
First Resource Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Resource's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Resource's standard deviation. In reality, there are many statistical measures that can use First Resource historical prices to predict the future First Resource's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.134 | |||
| Total Risk Alpha | 0.0911 | |||
| Sortino Ratio | 0.049 | |||
| Treynor Ratio | (5.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Resource'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 Resource Bank Backtested Returns
At this point, First Resource is not too volatile. First Resource Bank secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for First Resource Bank, which you can use to evaluate the volatility of the firm. Please confirm First Resource's Mean Deviation of 0.7661, coefficient of variation of 1060.01, and Downside Deviation of 2.27 to check if the risk estimate we provide is consistent with the expected return of 0.16%. First Resource has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0235, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Resource are expected to decrease at a much lower rate. During the bear market, First Resource is likely to outperform the market. First Resource Bank right now shows a risk of 1.54%. Please confirm First Resource Bank maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to decide if First Resource Bank will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
First Resource Bank has modest predictability. Overlapping area represents the amount of predictability between First Resource time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Resource Bank price movement. The serial correlation of 0.51 indicates that about 51.0% of current First Resource price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
First Resource Bank lagged returns against current returns
Autocorrelation, which is First Resource otc 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 Resource's otc stock expected returns. We can calculate the autocorrelation of First Resource returns to help us make a trade decision. For example, suppose you find that First Resource has exhibited high autocorrelation historically, and you observe that the otc 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 Resource 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 Resource otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Resource otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Resource otc stock over time.
Current vs Lagged Prices |
| Timeline |
First Resource Lagged Returns
When evaluating First Resource's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Resource otc stock have on its future price. First Resource 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 Resource autocorrelation shows the relationship between First Resource otc stock current value and its past values and can show if there is a momentum factor associated with investing in First Resource Bank.
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 OTC Stock
First Resource financial ratios help investors to determine whether First OTC 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 Resource security.