First Majestic Silver Stock Technical Analysis
AG Stock | USD 6.73 0.04 0.59% |
As of the 20th of April, First Majestic shows the Mean Deviation of 2.8, coefficient of variation of 629.99, and Downside Deviation of 3.18. First Majestic Silver technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for First Majestic Silver, which can be compared to its peers. Please confirm First Majestic Silver value at risk, expected short fall, and the relationship between the treynor ratio and downside variance to decide if First Majestic Silver is priced favorably, providing market reflects its regular price of 6.73 per share. Given that First Majestic has jensen alpha of 0.3874, we urge you to verify First Majestic Silver's prevailing market performance to make sure the company can sustain itself at a future point.
First Majestic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
First Majestic Analyst Consensus
Target Price | Advice | # of Analysts | |
9.77 | Buy | 6 | Odds |
Most First analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand First stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of First Majestic Silver, talking to its executives and customers, or listening to First conference calls.
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.
First Majestic Silver Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of First Majestic Silver volatility. High ATR values indicate high volatility, and low values indicate low volatility.
First Majestic Silver Trend Analysis
Use this graph to draw trend lines for First Majestic Silver. You can use it to identify possible trend reversals for First Majestic as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual First Majestic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.First Majestic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for First Majestic Silver applied against its price change over selected period. The best fit line has a slop of 0.05 , which suggests that First Majestic Silver will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 111.29, which is the sum of squared deviations for the predicted First Majestic price change compared to its average price change.About First Majestic Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of First Majestic Silver on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of First Majestic Silver based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on First Majestic Silver price pattern first instead of the macroeconomic environment surrounding First Majestic Silver. By analyzing First Majestic's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of First Majestic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to First Majestic specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.001445 | 0.003129 | 0.003442 | 0.004501 | Price To Sales Ratio | 4.63 | 3.5 | 2.97 | 2.82 |
First Majestic April 20, 2024 Technical Indicators
Most technical analysis of First help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for First from various momentum indicators to cycle indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1055 | |||
Market Risk Adjusted Performance | 0.2199 | |||
Mean Deviation | 2.8 | |||
Semi Deviation | 2.88 | |||
Downside Deviation | 3.18 | |||
Coefficient Of Variation | 629.99 | |||
Standard Deviation | 3.87 | |||
Variance | 14.98 | |||
Information Ratio | 0.1367 | |||
Jensen Alpha | 0.3874 | |||
Total Risk Alpha | 0.1276 | |||
Sortino Ratio | 0.1665 | |||
Treynor Ratio | 0.2099 | |||
Maximum Drawdown | 25.29 | |||
Value At Risk | (5.56) | |||
Potential Upside | 6.08 | |||
Downside Variance | 10.09 | |||
Semi Variance | 8.31 | |||
Expected Short fall | (3.58) | |||
Skewness | 0.7878 | |||
Kurtosis | 3.74 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for First Stock analysis
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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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.