First Quantum (Germany) Market Value
| IZ1 Stock | EUR 11.83 0.03 0.25% |
| Symbol | First |
First Quantum '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 Quantum'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 Quantum.
| 02/08/2025 |
| 03/10/2025 |
If you would invest 0.00 in First Quantum on February 8, 2025 and sell it all today you would earn a total of 0.00 from holding First Quantum Minerals or generate 0.0% return on investment in First Quantum over 30 days. First Quantum is related to or competes with Perdoceo Education, Xinhua Winshare, Cembra Money, Adtalem Global, and Direct Line. First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties More
First Quantum 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 Quantum'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 Quantum Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 16.31 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 5.81 |
First Quantum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Quantum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Quantum's standard deviation. In reality, there are many statistical measures that can use First Quantum historical prices to predict the future First Quantum's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.2674 | |||
| Treynor Ratio | (0.11) |
First Quantum Minerals Backtested Returns
First Quantum Minerals secures Sharpe Ratio (or Efficiency) of -0.0511, which denotes the company had a -0.0511 % return per unit of risk over the last 3 months. First Quantum Minerals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Quantum's Variance of 11.2, standard deviation of 3.35, and Mean Deviation of 2.46 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Quantum's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Quantum is expected to be smaller as well. At this point, First Quantum Minerals has a negative expected return of -0.17%. Please make sure to confirm First Quantum's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if First Quantum Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
First Quantum Minerals has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Quantum time series from 8th of February 2025 to 23rd of February 2025 and 23rd of February 2025 to 10th 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 Quantum Minerals price movement. The serial correlation of -0.19 indicates that over 19.0% of current First Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
First Quantum Minerals lagged returns against current returns
Autocorrelation, which is First Quantum 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 Quantum's stock expected returns. We can calculate the autocorrelation of First Quantum returns to help us make a trade decision. For example, suppose you find that First Quantum 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 Quantum 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 Quantum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Quantum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Quantum stock over time.
Current vs Lagged Prices |
| Timeline |
First Quantum Lagged Returns
When evaluating First Quantum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Quantum stock have on its future price. First Quantum 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 Quantum autocorrelation shows the relationship between First Quantum stock current value and its past values and can show if there is a momentum factor associated with investing in First Quantum Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in First Stock
First Quantum financial ratios help investors to determine whether First 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 Quantum security.