First Horizon Preferred Stock Market Value
| FHN-PB Preferred Stock | USD 25.40 0.10 0.40% |
| Symbol | First |
First Horizon '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 Horizon's preferred 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 Horizon.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in First Horizon on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding First Horizon or generate 0.0% return on investment in First Horizon over 90 days. First Horizon is related to or competes with Morgan Stanley, KeyCorp, KeyCorp, KeyCorp, and JPMorgan Chase. First Horizon National Corporation operates as the bank holding company for First Horizon Bank that provides various fin... More
First Horizon 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 Horizon's preferred 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 Horizon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3118 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.5666 |
First Horizon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Horizon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Horizon's standard deviation. In reality, there are many statistical measures that can use First Horizon historical prices to predict the future First Horizon's volatility.| Risk Adjusted Performance | 0.1216 | |||
| Jensen Alpha | 0.0359 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.5884 |
First Horizon Backtested Returns
At this point, First Horizon is very steady. First Horizon secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Horizon, which you can use to evaluate the volatility of the firm. Please confirm First Horizon's Standard Deviation of 0.3136, coefficient of variation of 562.24, and Mean Deviation of 0.2249 to check if the risk estimate we provide is consistent with the expected return of 0.0569%. First Horizon has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0778, which means not very significant fluctuations relative to the market. As returns on the market increase, First Horizon's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Horizon is expected to be smaller as well. First Horizon right now shows a risk of 0.32%. Please confirm First Horizon skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if First Horizon will be following its price patterns.
Auto-correlation | 0.47 |
Average predictability
First Horizon has average predictability. Overlapping area represents the amount of predictability between First Horizon time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Horizon price movement. The serial correlation of 0.47 indicates that about 47.0% of current First Horizon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
First Horizon lagged returns against current returns
Autocorrelation, which is First Horizon preferred 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 Horizon's preferred stock expected returns. We can calculate the autocorrelation of First Horizon returns to help us make a trade decision. For example, suppose you find that First Horizon has exhibited high autocorrelation historically, and you observe that the preferred 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 Horizon 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 Horizon preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Horizon preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Horizon preferred stock over time.
Current vs Lagged Prices |
| Timeline |
First Horizon Lagged Returns
When evaluating First Horizon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Horizon preferred stock have on its future price. First Horizon 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 Horizon autocorrelation shows the relationship between First Horizon preferred stock current value and its past values and can show if there is a momentum factor associated with investing in First Horizon.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in First Preferred Stock
First Horizon financial ratios help investors to determine whether First Preferred 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 Horizon security.