First Quantum (Germany) Market Value
| IZ1 Stock | EUR 12.32 0.56 4.35% |
| 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.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in First Quantum on June 21, 2024 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 180 days. First Quantum is related to or competes with Southern Copper, Sandfire Resources, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, and BANK HANDLOWY. 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.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 18.39 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 4.55 |
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 | 0.0591 | |||
| Jensen Alpha | 0.1689 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | 0.3131 |
First Quantum Minerals Backtested Returns
At this point, First Quantum is not too volatile. First Quantum Minerals secures Sharpe Ratio (or Efficiency) of 0.0572, which denotes the company had a 0.0572% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Quantum Minerals, which you can use to evaluate the volatility of the firm. Please confirm First Quantum's Coefficient Of Variation of 1409.21, downside deviation of 2.74, and Mean Deviation of 2.25 to check if the risk estimate we provide is consistent with the expected return of 0.17%. First Quantum has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.66, 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. First Quantum Minerals right now shows a risk of 3.03%. Please confirm First Quantum Minerals total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if First Quantum Minerals will be following its price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
First Quantum Minerals has weak reverse predictability. Overlapping area represents the amount of predictability between First Quantum time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Quantum Minerals price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current First Quantum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
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.