First Community Stock Market Value
| FCCTP Stock | USD 8.90 0.00 0.00% |
| Symbol | First |
First CommunityPFD '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 CommunityPFD's pink sheet 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 CommunityPFD.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in First CommunityPFD on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding First Community or generate 0.0% return on investment in First CommunityPFD over 30 days. First CommunityPFD is related to or competes with Abcellera Biologics, ServiceNow, Uber Technologies, Genfit, Valneva SE, Tarsus Pharmaceuticals, and Catalyst Pharmaceuticals. First Community Corporation operates as the holding company for First Community Bank of East Tennessee that provides ban... More
First CommunityPFD 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 CommunityPFD's pink sheet 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 Community upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.71 |
First CommunityPFD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First CommunityPFD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First CommunityPFD's standard deviation. In reality, there are many statistical measures that can use First CommunityPFD historical prices to predict the future First CommunityPFD's volatility.| Risk Adjusted Performance | 0.0679 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (7.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First CommunityPFD'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 CommunityPFD Backtested Returns
Currently, First Community is very steady. First CommunityPFD secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for First Community, which you can use to evaluate the volatility of the firm. Please confirm First CommunityPFD's Variance of 0.0445, standard deviation of 0.211, and Mean Deviation of 0.0512 to check if the risk estimate we provide is consistent with the expected return of 0.0268%. First CommunityPFD has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0021, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First CommunityPFD are expected to decrease at a much lower rate. During the bear market, First CommunityPFD is likely to outperform the market. First CommunityPFD right now shows a risk of 0.21%. Please confirm First CommunityPFD jensen alpha and day median price , to decide if First CommunityPFD will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
First Community has no correlation between past and present. Overlapping area represents the amount of predictability between First CommunityPFD time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 CommunityPFD price movement. The serial correlation of 0.0 indicates that just 0.0% of current First CommunityPFD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First CommunityPFD lagged returns against current returns
Autocorrelation, which is First CommunityPFD pink sheet'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 CommunityPFD's pink sheet expected returns. We can calculate the autocorrelation of First CommunityPFD returns to help us make a trade decision. For example, suppose you find that First CommunityPFD has exhibited high autocorrelation historically, and you observe that the pink sheet 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 CommunityPFD 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 CommunityPFD pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First CommunityPFD pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First CommunityPFD pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First CommunityPFD Lagged Returns
When evaluating First CommunityPFD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First CommunityPFD pink sheet have on its future price. First CommunityPFD 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 CommunityPFD autocorrelation shows the relationship between First CommunityPFD pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First Community.
Regressed Prices |
| Timeline |
Pair Trading with First CommunityPFD
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 CommunityPFD 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 CommunityPFD will appreciate offsetting losses from the drop in the long position's value.Moving together with First Pink Sheet
Moving against First Pink Sheet
| 0.65 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.64 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.53 | BKRKY | Bank Rakyat | PairCorr |
| 0.5 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.49 | PPERY | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to First CommunityPFD 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 CommunityPFD 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 CommunityPFD - 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 Community to buy it.
The correlation of First CommunityPFD 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 CommunityPFD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First CommunityPFD 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 CommunityPFD 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 Pink Sheet Analysis
When running First CommunityPFD's price analysis, check to measure First CommunityPFD'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 CommunityPFD is operating at the current time. Most of First CommunityPFD's value examination focuses on studying past and present price action to predict the probability of First CommunityPFD'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 CommunityPFD's price. Additionally, you may evaluate how the addition of First CommunityPFD to your portfolios can decrease your overall portfolio volatility.