First Majestic (Mexico) Market Value
| FR Stock | 478.37 4.63 0.96% |
| Symbol | First |
First Majestic '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 Majestic'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 Majestic.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in First Majestic on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding First Majestic Silver or generate 0.0% return on investment in First Majestic over 720 days. First Majestic is related to or competes with Visa, Tesla, G Collado, and CMR SAB. More
First Majestic 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 Majestic'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 Majestic Silver upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.97 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.64 |
First Majestic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Majestic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Majestic's standard deviation. In reality, there are many statistical measures that can use First Majestic historical prices to predict the future First Majestic's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.95) |
First Majestic Silver Backtested Returns
First Majestic Silver secures Sharpe Ratio (or Efficiency) of -0.0203, which denotes the company had a -0.0203% return per unit of risk over the last 3 months. First Majestic Silver exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Majestic's Standard Deviation of 0.9361, mean deviation of 0.7004, and Variance of 0.8763 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0681, which means not very significant fluctuations relative to the market. As returns on the market increase, First Majestic's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Majestic is expected to be smaller as well. At this point, First Majestic Silver has a negative expected return of -0.0182%. Please make sure to confirm First Majestic's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if First Majestic Silver performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
First Majestic Silver has very weak reverse predictability. Overlapping area represents the amount of predictability between First Majestic 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 Majestic Silver price movement. The serial correlation of -0.07 indicates that barely 7.0% of current First Majestic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 330.62 |
First Majestic Silver lagged returns against current returns
Autocorrelation, which is First Majestic 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 Majestic's stock expected returns. We can calculate the autocorrelation of First Majestic returns to help us make a trade decision. For example, suppose you find that First Majestic 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 Majestic 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 Majestic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Majestic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Majestic stock over time.
Current vs Lagged Prices |
| Timeline |
First Majestic Lagged Returns
When evaluating First Majestic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Majestic stock have on its future price. First Majestic 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 Majestic autocorrelation shows the relationship between First Majestic stock current value and its past values and can show if there is a momentum factor associated with investing in First Majestic Silver.
Regressed Prices |
| Timeline |
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When running First Majestic's price analysis, check to measure First Majestic'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 Majestic is operating at the current time. Most of First Majestic's value examination focuses on studying past and present price action to predict the probability of First Majestic'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 Majestic's price. Additionally, you may evaluate how the addition of First Majestic to your portfolios can decrease your overall portfolio volatility.