First Solar Stock Market Value
| FSLR Stock | USD 186.05 4.10 2.25% |
| Symbol | First |
First Solar Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Solar. 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 Solar 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 0.164 | Earnings Share 11.61 | Revenue Per Share 36.002 | Quarterly Revenue Growth 0.108 | Return On Assets 0.079 |
The market value of First Solar 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 Solar's value that differs from its market value or its book value, called intrinsic value, which is First Solar'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 Solar's market value can be influenced by many factors that don't directly affect First Solar'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 Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Solar'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 Solar '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 Solar'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 Solar.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in First Solar on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding First Solar or generate 0.0% return on investment in First Solar over 390 days. First Solar is related to or competes with Enphase Energy, Sunrun, Canadian Solar, SolarEdge Technologies, JinkoSolar Holding, Sunnova Energy, and Maxeon Solar. First Solar, Inc. provides photovoltaic solar energy solutions in the United State, Japan, France, Canada, India, Austra... More
First Solar 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 Solar'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 Solar upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (5.97) | |||
| Potential Upside | 5.77 |
First Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Solar's standard deviation. In reality, there are many statistical measures that can use First Solar historical prices to predict the future First Solar's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.53) |
First Solar Backtested Returns
First Solar secures Sharpe Ratio (or Efficiency) of -0.0767, which denotes the company had a -0.0767% return per unit of risk over the last 3 months. First Solar exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Solar's Standard Deviation of 3.72, mean deviation of 2.62, and Variance of 13.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Solar is expected to be smaller as well. At this point, First Solar has a negative expected return of -0.28%. Please make sure to confirm First Solar's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if First Solar performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
First Solar has modest reverse predictability. Overlapping area represents the amount of predictability between First Solar time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Solar price movement. The serial correlation of -0.46 indicates that about 46.0% of current First Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 699.96 |
First Solar lagged returns against current returns
Autocorrelation, which is First Solar 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 Solar's stock expected returns. We can calculate the autocorrelation of First Solar returns to help us make a trade decision. For example, suppose you find that First Solar 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 Solar 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 Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Solar stock over time.
Current vs Lagged Prices |
| Timeline |
First Solar Lagged Returns
When evaluating First Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Solar stock have on its future price. First Solar 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 Solar autocorrelation shows the relationship between First Solar stock current value and its past values and can show if there is a momentum factor associated with investing in First Solar.
Regressed Prices |
| Timeline |
Pair Trading with First Solar
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 Solar 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 Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
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The ability to find closely correlated positions to First Solar 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 Solar 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 Solar - 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 Solar to buy it.
The correlation of First Solar 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 Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar 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 Solar 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 Solar's price analysis, check to measure First Solar'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 Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar'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 Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.