First Ic Stock Market Value
| FIEB Stock | USD 8.90 0.00 0.00% |
| Symbol | First |
First IC '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 IC'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 IC.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in First IC on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding First IC or generate 0.0% return on investment in First IC over 210 days. First IC is related to or competes with CCFNB Bancorp, Glen Burnie, Main Street, Enterprise Financial, Susquehanna Community, First Keystone, and LCNB. First IC Corporation operates as the bank holding company for First IC Bank that provides retail and commercial banking ... More
First IC 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 IC'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 IC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.13) | |||
| Maximum Drawdown | 1.11 |
First IC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First IC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First IC's standard deviation. In reality, there are many statistical measures that can use First IC historical prices to predict the future First IC's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First IC'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 IC Backtested Returns
First IC secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. First IC exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First IC's Mean Deviation of 0.0332, standard deviation of 0.1368, and Variance of 0.0187 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0245, which means not very significant fluctuations relative to the market. As returns on the market increase, First IC's returns are expected to increase less than the market. However, during the bear market, the loss of holding First IC is expected to be smaller as well. At this point, First IC has a negative expected return of -0.0171%. Please make sure to confirm First IC's skewness, as well as the relationship between the rate of daily change and day typical price , to decide if First IC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
First IC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between First IC time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 IC price movement. The serial correlation of -0.71 indicates that around 71.0% of current First IC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First IC lagged returns against current returns
Autocorrelation, which is First IC 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 IC's pink sheet expected returns. We can calculate the autocorrelation of First IC returns to help us make a trade decision. For example, suppose you find that First IC 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 IC 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 IC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First IC 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 IC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First IC Lagged Returns
When evaluating First IC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First IC pink sheet have on its future price. First IC 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 IC autocorrelation shows the relationship between First IC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First IC.
Regressed Prices |
| Timeline |
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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 Pink Sheet
First IC financial ratios help investors to determine whether First Pink Sheet 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 IC security.