First Bancorp Stock Market Value
| FBP Stock | USD 22.20 2.72 13.96% |
| Symbol | First |
First Bancorp Price To Book Ratio
Is Regional Banks space 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 Bancorp. 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 Bancorp 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 (0.02) | Dividend Share 0.62 | Earnings Share 2.06 | Revenue Per Share 5.221 | Quarterly Revenue Growth (0.03) |
The market value of First Bancorp 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 Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp'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 Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp'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 Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp'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 Bancorp '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 Bancorp'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 Bancorp.
| 10/08/2024 |
| 11/07/2024 |
If you would invest 0.00 in First Bancorp on October 8, 2024 and sell it all today you would earn a total of 0.00 from holding First Bancorp or generate 0.0% return on investment in First Bancorp over 30 days. First Bancorp is related to or competes with First Financial, and CF Bankshares. First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for... More
First Bancorp 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 Bancorp'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 Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.85 |
First Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Bancorp's standard deviation. In reality, there are many statistical measures that can use First Bancorp historical prices to predict the future First Bancorp's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | 0.0935 |
First Bancorp Backtested Returns
First Bancorp appears to be very steady, given 3 months investment horizon. First Bancorp secures Sharpe Ratio (or Efficiency) of 0.0911, which denotes the company had a 0.0911% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Bancorp, which you can use to evaluate the volatility of the firm. Please utilize First Bancorp's Mean Deviation of 1.5, coefficient of variation of 1132.66, and Downside Deviation of 2.0 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Bancorp holds a performance score of 7. The firm shows a Beta (market volatility) of 2.21, 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 Bancorp will likely underperform. Please check First Bancorp's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether First Bancorp's price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
First Bancorp has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Bancorp time series from 8th of October 2024 to 23rd of October 2024 and 23rd of October 2024 to 7th 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 Bancorp price movement. The serial correlation of -0.18 indicates that over 18.0% of current First Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
First Bancorp lagged returns against current returns
Autocorrelation, which is First Bancorp 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 Bancorp's stock expected returns. We can calculate the autocorrelation of First Bancorp returns to help us make a trade decision. For example, suppose you find that First Bancorp 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 Bancorp 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 Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
First Bancorp Lagged Returns
When evaluating First Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Bancorp stock have on its future price. First Bancorp 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 Bancorp autocorrelation shows the relationship between First Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in First Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with First Bancorp
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 Bancorp 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 Bancorp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Bancorp 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 Bancorp 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 Bancorp - 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 Bancorp to buy it.
The correlation of First Bancorp 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 Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancorp 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 Bancorp 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.Additional Tools for First Stock Analysis
When running First Bancorp's price analysis, check to measure First Bancorp'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 Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp'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 Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.