FB Financial Backtesting

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FBK -- USA Stock  

Earnings Report: April 27, 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of FB Financial Corporation and determine expected loss or profit from investing in FB Financial over given investment horizon. Plese check FB Financial Hype Analysis, FB Financial Correlation, FB Financial Valuation, FB Financial Volatility as well as analyze FB Financial Alpha and Beta and FB Financial Performance.
Horizon     30 Days    Login   to change

FB Financial 'What if' Analysis

October 24, 2019
No Change 0.00  0.0 
In 3 months and 1 day
January 22, 2020
If you would invest  0.00  in FB Financial on October 24, 2019 and sell it all today you would earn a total of 0.00 from holding FB Financial Corporation or generate 0.0% return on investment in FB Financial over 90 days. FB Financial is related to or competes with Byline Bancorp, FFBW, Bridgewater Bancshares, Coastal Financial, Esquire Financial, FSB Bancorp, and FVCBankcorp. FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consum...

FB Financial Upside/Downside Indicators

Downside Deviation0.9788
Information Ratio(0.09)
Maximum Drawdown5.24
Value At Risk(1.54)
Potential Upside1.88

FB Financial Market Premium Indicators

Risk Adjusted Performance0.03
Jensen Alpha0.0762
Total Risk Alpha(0.24)
Sortino Ratio(0.09)
Treynor Ratio(0.17)

FB Financial Backtested Returns

We consider FB Financial very steady. FB Financial retains Efficiency (Sharpe Ratio) of 0.0306 which denotes the company had 0.0306% of return per unit of price deviation over the last 3 months. Our way in which we are predicting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for FB Financial which you can use to evaluate future volatility of the entity. Please confirm FB Financial Corporation Downside Deviation of 0.9788, Standard Deviation of 1.03 and Market Risk Adjusted Performance of (0.16) to check if risk estimate we provide are consistent with the epected return of 0.031%. FB Financial has performance score of 2 on a scale of 0 to 100. The corporation owns Beta (Systematic Risk) of -0.2489 which denotes to the fact that as returns on market increase, returns on owning FB Financial are expected to decrease at a much smaller rate. During bear market, FB Financial is likely to outperform the market. Although it is extremely important to respect FB Financial existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining FB Financial technical indicators you can at this moment evaluate if the expected return of 0.031% will be sustainable into the future. FB Financial today owns a risk of 1.01%. Please confirm FB Financial Corporation Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if FB Financial Corporation will be following its current price history.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.24 
correlation synergy

Weak predictability

FB Financial Corporation has weak predictability. Overlapping area represents the amount of predictability between FB Financial time series from October 24, 2019 to December 8, 2019 and December 8, 2019 to January 22, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FB Financial price movement. The serial correlation of 0.24 indicates that over 24.0% of current FB Financial price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.36

FB Financial lagged returns against current returns

 Current and Lagged Values 

FB Financial regressed lagged prices vs. current prices

 Current vs Lagged Prices 

FB Financial Lagged Returns

 Regressed Prices 

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Plese check FB Financial Hype Analysis, FB Financial Correlation, FB Financial Valuation, FB Financial Volatility as well as analyze FB Financial Alpha and Beta and FB Financial Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.