First Commonwealth Financial Stock Market Value
| FCF Stock | USD 18.98 0.15 0.78% |
| Symbol | First |
First Commonwealth Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Commonwealth. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Commonwealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 0.515 | Earnings Share 1.47 | Revenue Per Share 4.475 | Quarterly Revenue Growth (0.05) |
The market value of First Commonwealth is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Commonwealth's value that differs from its market value or its book value, called intrinsic value, which is First Commonwealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Commonwealth's market value can be influenced by many factors that don't directly affect First Commonwealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Commonwealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Commonwealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Commonwealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First Commonwealth '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 Commonwealth'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 Commonwealth.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in First Commonwealth on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding First Commonwealth Financial or generate 0.0% return on investment in First Commonwealth over 720 days. First Commonwealth is related to or competes with Great Southern, Heritage Financial, Finward Bancorp, QCR Holdings, First Mid, Finwise Bancorp, and Home Bancorp. First Commonwealth Financial Corporation, a financial holding company, provides various consumer and commercial banking ... More
First Commonwealth 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 Commonwealth'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 Commonwealth Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0345 | |||
| Maximum Drawdown | 20.14 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.85 |
First Commonwealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Commonwealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Commonwealth's standard deviation. In reality, there are many statistical measures that can use First Commonwealth historical prices to predict the future First Commonwealth's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0557 | |||
| Treynor Ratio | 0.0858 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Commonwealth'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 Commonwealth Backtested Returns
At this point, First Commonwealth is not too volatile. First Commonwealth secures Sharpe Ratio (or Efficiency) of 0.0748, which denotes the company had a 0.0748% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Commonwealth Financial, which you can use to evaluate the volatility of the firm. Please confirm First Commonwealth's Mean Deviation of 1.45, coefficient of variation of 1199.07, and Downside Deviation of 1.59 to check if the risk estimate we provide is consistent with the expected return of 0.19%. First Commonwealth has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.37, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Commonwealth will likely underperform. First Commonwealth right now shows a risk of 2.6%. Please confirm First Commonwealth expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if First Commonwealth will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
First Commonwealth Financial has very weak reverse predictability. Overlapping area represents the amount of predictability between First Commonwealth time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Commonwealth price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current First Commonwealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 |
First Commonwealth lagged returns against current returns
Autocorrelation, which is First Commonwealth 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 Commonwealth's stock expected returns. We can calculate the autocorrelation of First Commonwealth returns to help us make a trade decision. For example, suppose you find that First Commonwealth 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 Commonwealth 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 Commonwealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Commonwealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Commonwealth stock over time.
Current vs Lagged Prices |
| Timeline |
First Commonwealth Lagged Returns
When evaluating First Commonwealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Commonwealth stock have on its future price. First Commonwealth 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 Commonwealth autocorrelation shows the relationship between First Commonwealth stock current value and its past values and can show if there is a momentum factor associated with investing in First Commonwealth Financial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether First Commonwealth is a strong investment it is important to analyze First Commonwealth's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Commonwealth's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:Check out First Commonwealth Correlation, First Commonwealth Volatility and First Commonwealth Alpha and Beta module to complement your research on First Commonwealth. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
First Commonwealth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.