First Majestic Silver Stock Market Value

AG Stock  USD 5.58  0.33  6.29%   
First Majestic's market value is the price at which a share of First Majestic trades on a public exchange. It measures the collective expectations of First Majestic Silver investors about its performance. First Majestic is trading at 5.58 as of the 28th of March 2024. This is a 6.29 percent increase since the beginning of the trading day. The stock's lowest day price was 5.27.
With this module, you can estimate the performance of a buy and hold strategy of First Majestic Silver and determine expected loss or profit from investing in First Majestic over a given investment horizon. Check out First Majestic Correlation, First Majestic Volatility and First Majestic Alpha and Beta module to complement your research on First Majestic.
Symbol

First Majestic Silver Price To Book Ratio

Is First Majestic's industry 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 Majestic. 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 Majestic 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
2.359
Dividend Share
0.02
Earnings Share
(0.48)
Revenue Per Share
2.032
Quarterly Revenue Growth
(0.08)
The market value of First Majestic Silver 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 Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic'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 Majestic's market value can be influenced by many factors that don't directly affect First Majestic'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 Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic'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 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in First Majestic on February 27, 2024 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 30 days. First Majestic is related to or competes with Chemours, Quanex Building, FutureFuel Corp, CF Industries, NioCorp Developments, and Dupont De. First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties w... 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Majestic'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.
Hype
Prediction
LowEstimatedHigh
2.035.589.13
Details
Intrinsic
Valuation
LowRealHigh
2.886.439.98
Details
Naive
Forecast
LowNextHigh
1.605.158.70
Details
6 Analysts
Consensus
LowTargetHigh
8.899.7710.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Majestic. Your research has to be compared to or analyzed against First Majestic's peers to derive any actionable benefits. When done correctly, First Majestic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in First Majestic Silver.

First Majestic Silver Backtested Returns

First Majestic Silver secures Sharpe Ratio (or Efficiency) of -0.0265, which denotes the company had a -0.0265% 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 3.45, variance of 11.91, and Mean Deviation of 2.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.84, 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 Majestic will likely underperform. First Majestic Silver has an expected return of -0.094%. Please make sure to confirm First Majestic Silver maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if First Majestic Silver performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.47  

Modest reverse predictability

First Majestic Silver has modest reverse predictability. Overlapping area represents the amount of predictability between First Majestic time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.47 indicates that about 47.0% of current First Majestic price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.26
Residual Average0.0
Price Variance0.02

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  

First Majestic Investors Sentiment

The influence of First Majestic's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in First. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to First Majestic's public news can be used to forecast risks associated with an investment in First. The trend in average sentiment can be used to explain how an investor holding First can time the market purely based on public headlines and social activities around First Majestic Silver. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
First Majestic's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for First Majestic's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average First Majestic's news discussions. The higher the estimated score, the more favorable is the investor's outlook on First Majestic.

First Majestic Implied Volatility

    
  257.91  
First Majestic's implied volatility exposes the market's sentiment of First Majestic Silver stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if First Majestic's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that First Majestic stock will not fluctuate a lot when First Majestic's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Majestic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Majestic's short interest history, or implied volatility extrapolated from First Majestic options trading.

Pair Trading with First Majestic

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 Majestic 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 Majestic will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

  0.88AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr
  0.76GGB Gerdau SA ADR Financial Report 1st of May 2024 PairCorr
  0.71PKX POSCO Holdings Financial Report 25th of April 2024 PairCorr

Moving against First Stock

  0.51EU EnCore Energy Corp Report 26th of April 2024 PairCorr
The ability to find closely correlated positions to First Majestic 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 Majestic 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 Majestic - 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 Majestic Silver to buy it.
The correlation of First Majestic 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 Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic Silver 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 Majestic 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.
Pair CorrelationCorrelation Matching
When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic'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 Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out First Majestic Correlation, First Majestic Volatility and First Majestic Alpha and Beta module to complement your research on First Majestic.
Note that the First Majestic Silver information on this page should be used as a complementary analysis to other First Majestic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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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.
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First Majestic 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.
A focus of First Majestic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Majestic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...