As of 18 of October First Majestic shows Coefficient Of Variation of 3230.46, Mean Deviation of 2.64 and Downside Deviation of 3.47. 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 future prices. In plain English 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 found nineteen technical drivers for First Majestic Silver Corp which can be compared to its rivals. Please confirm First Majestic Silver Value At Risk, Expected Short fall and the relationship between Treynor Ratio and Downside Variance to decide if First Majestic Silver is priced favorably providing market reflects its regular price of 10.24 per share. Given that First Majestic has Jensen Alpha of 0.0555, we urge you verify First Majestic Silver Corp prevailing market performance to make sure the company can sustain itself at future point.
First Majestic Silver Corp current and past analyst recommendations published by number of research institutions as well as average analyst consensus
|Target Price||Advice||# of Analysts|
|First Majestic Analyst Advice|
|Horizon||30 Days Login to change|
First Majestic Silver Technical Analysis
First Majestic Silver Trend AnalysisUse this graph to draw trend lines for First Majestic Silver Corp. 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 LineThe following chart estimates an ordinary least squares regression model for First Majestic Silver Corp applied against its price change over selected period. The best fit line has a slop of 0.01 which may indicate that the price for First Majestic Silver Corp will continue to decline. It has 122 observation points and a regression sum of squares at 4.34, which is the sum of squared deviations for the predicted First Majestic price change compared to its average price change.
First Majestic October 18, 2019 Technical Indicators
|Risk Adjusted Performance||0.0374|
|Market Risk Adjusted Performance||(0.06)|
|Coefficient Of Variation||3230.46|
|Total Risk Alpha||0.201|
|Value At Risk||(5.61)|
|Expected Short fall||(2.75)|
First Majestic October 18, 2019 Daily Price Condition
|Daily Balance Of Power||(0.28)|
|Rate Of Daily Change||0.99|
|Day Median Price||10.27|
|Day Typical Price||10.26|
|Price Action Indicator||(0.09)|