First Capital Real Stock Market Value
| FCR-UN Stock | CAD 17.44 0.02 0.11% |
| Symbol | First |
First Capital Real Price To Book Ratio
First Capital '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 Capital'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 Capital.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in First Capital on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding First Capital Real or generate 0.0% return on investment in First Capital over 720 days. First Capital is related to or competes with Killam Apartment, InterRent Real, Crombie Real, Allied Properties, and Choice Properties. First Capital is a leading developer, owner and manager of mixed-use real estate located in Canadas most densely populat... More
First Capital 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 Capital'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 Capital Real upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.37 |
First Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Capital's standard deviation. In reality, there are many statistical measures that can use First Capital historical prices to predict the future First Capital's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Capital'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 Capital Real Backtested Returns
First Capital Real secures Sharpe Ratio (or Efficiency) of -0.0954, which denotes the company had a -0.0954% return per unit of risk over the last 3 months. First Capital Real exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Capital's Mean Deviation of 0.6573, variance of 0.6856, and Standard Deviation of 0.828 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0827, which means not very significant fluctuations relative to the market. As returns on the market increase, First Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Capital is expected to be smaller as well. At this point, First Capital Real has a negative expected return of -0.0782%. Please make sure to confirm First Capital's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if First Capital Real performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
First Capital Real has good reverse predictability. Overlapping area represents the amount of predictability between First Capital time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Capital Real price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current First Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.0 |
First Capital Real lagged returns against current returns
Autocorrelation, which is First Capital 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 Capital's stock expected returns. We can calculate the autocorrelation of First Capital returns to help us make a trade decision. For example, suppose you find that First Capital 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 Capital 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 Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Capital stock over time.
Current vs Lagged Prices |
| Timeline |
First Capital Lagged Returns
When evaluating First Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Capital stock have on its future price. First Capital 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 Capital autocorrelation shows the relationship between First Capital stock current value and its past values and can show if there is a momentum factor associated with investing in First Capital Real.
Regressed Prices |
| Timeline |
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 together with First Stock
Moving against First Stock
| 0.8 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.75 | RY-PM | Royal Bank | PairCorr |
| 0.72 | RY-PS | Royal Bank | PairCorr |
| 0.71 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.66 | RY | Royal Bank | 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 Real 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 Real 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.Other Information on Investing in First Stock
First Capital 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 Capital security.