First Income Quality from 2010 to 2024
| FCAP Stock | USD 30.80 0.49 1.62% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.10734949 | Current Value 1.22 | Quarterly Volatility 0.38333863 |
Check First Capital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First Capital's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.1 M, Interest Expense of 4.5 M or Selling General Administrative of 8.8 M, as well as many indicators such as Price To Sales Ratio of 4.22, Dividend Yield of 0.0353 or PTB Ratio of 0.94. First financial statements analysis is a perfect complement when working with First Capital Valuation or Volatility modules.
First | Income Quality |
Latest First Capital's Income Quality Growth Pattern
Below is the plot of the Income Quality of First Capital over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. First Capital's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in First Capital's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
First Income Quality Regression Statistics
| Arithmetic Mean | 1.48 | |
| Geometric Mean | 1.44 | |
| Coefficient Of Variation | 25.88 | |
| Mean Deviation | 0.32 | |
| Median | 1.36 | |
| Standard Deviation | 0.38 | |
| Sample Variance | 0.15 | |
| Range | 1.2317 | |
| R-Value | (0.36) | |
| Mean Square Error | 0.14 | |
| R-Squared | 0.13 | |
| Significance | 0.19 | |
| Slope | (0.03) | |
| Total Sum of Squares | 2.06 |
First Income Quality History
About First Capital Financial Statements
First Capital shareholders use historical fundamental indicators, such as Income Quality, to determine how well the company is positioned to perform in the future. Although First Capital investors may analyze each financial statement separately, they are all interrelated. The changes in First Capital's assets and liabilities, for example, are also reflected in the revenues and expenses on on First Capital's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.11 | 1.22 |
Pair Trading with First Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Capital will appreciate offsetting losses from the drop in the long position's value.Moving against First Stock
| 0.58 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.57 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.56 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.55 | EBTC | Enterprise Bancorp Normal Trading | PairCorr |
| 0.54 | AX | Axos Financial | PairCorr |
The ability to find closely correlated positions to First Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Capital to buy it.
The correlation of First Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Capital's price analysis, check to measure First Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Capital is operating at the current time. Most of First Capital's value examination focuses on studying past and present price action to predict the probability of First Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Capital's price. Additionally, you may evaluate how the addition of First Capital to your portfolios can decrease your overall portfolio volatility.