First American (Germany) Market Value
| Y1F Stock | EUR 61.50 0.50 0.82% |
| Symbol | First |
First American '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 American'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 American.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in First American on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding First American Financial or generate 0.0% return on investment in First American over 30 days. First American is related to or competes with MGIC Investment, Lancashire Holdings, and Trisura. First American Financial Corporation, through its subsidiaries, provides financial services More
First American 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 American'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 American Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0273 | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.55 |
First American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First American's standard deviation. In reality, there are many statistical measures that can use First American historical prices to predict the future First American's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0946 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0245 | |||
| Treynor Ratio | 0.3448 |
First American Financial Backtested Returns
At this point, First American is very steady. First American Financial secures Sharpe Ratio (or Efficiency) of 0.0814, which denotes the company had a 0.0814% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First American Financial, which you can use to evaluate the volatility of the firm. Please confirm First American's Downside Deviation of 1.55, mean deviation of 1.07, and Coefficient Of Variation of 1004.9 to check if the risk estimate we provide is consistent with the expected return of 0.11%. First American has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.37, which means possible diversification benefits within a given portfolio. As returns on the market increase, First American's returns are expected to increase less than the market. However, during the bear market, the loss of holding First American is expected to be smaller as well. First American Financial right now shows a risk of 1.37%. Please confirm First American Financial treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if First American Financial will be following its price patterns.
Auto-correlation | -0.96 |
Near perfect reversele predictability
First American Financial has near perfect reversele predictability. Overlapping area represents the amount of predictability between First American time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 American Financial price movement. The serial correlation of -0.96 indicates that 96.0% of current First American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.96 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
First American Financial lagged returns against current returns
Autocorrelation, which is First American 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 American's stock expected returns. We can calculate the autocorrelation of First American returns to help us make a trade decision. For example, suppose you find that First American 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 American 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 American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First American stock over time.
Current vs Lagged Prices |
| Timeline |
First American Lagged Returns
When evaluating First American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First American stock have on its future price. First American 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 American autocorrelation shows the relationship between First American stock current value and its past values and can show if there is a momentum factor associated with investing in First American Financial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in First Stock
First American 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 American security.