First Industrial Realty Stock Market Value
| FR Stock | USD 48.60 1.85 3.67% |
| Symbol | First |
Is First Industrial'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 Industrial. 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 Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of First Industrial Realty 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 Industrial's value that differs from its market value or its book value, called intrinsic value, which is First Industrial'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 Industrial's market value can be influenced by many factors that don't directly affect First Industrial'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 Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Industrial'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 Industrial '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 Industrial'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 Industrial.
| 01/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in First Industrial on January 19, 2024 and sell it all today you would earn a total of 0.00 from holding First Industrial Realty or generate 0.0% return on investment in First Industrial over 90 days. First Industrial is related to or competes with LXP Industrial, Plymouth Industrial, Global Self, Terreno Realty, Rexford Industrial, Americold Realty, and EastGroup Properties. is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing ... More
First Industrial 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 Industrial'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 Industrial Realty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.02 |
First Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Industrial's standard deviation. In reality, there are many statistical measures that can use First Industrial historical prices to predict the future First Industrial's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Industrial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
First Industrial Realty Backtested Returns
First Industrial Realty secures Sharpe Ratio (or Efficiency) of -0.0999, which denotes the company had a -0.0999% return per unit of risk over the last 3 months. First Industrial Realty exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Industrial's Standard Deviation of 1.38, mean deviation of 0.9432, and Variance of 1.91 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Industrial is expected to be smaller as well. First Industrial Realty has an expected return of -0.14%. Please make sure to confirm First Industrial Realty treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if First Industrial Realty performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
First Industrial Realty has weak reverse predictability. Overlapping area represents the amount of predictability between First Industrial time series from 19th of January 2024 to 4th of March 2024 and 4th of March 2024 to 18th of April 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 Industrial Realty price movement. The serial correlation of -0.23 indicates that over 23.0% of current First Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
First Industrial Realty lagged returns against current returns
Autocorrelation, which is First Industrial 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 Industrial's stock expected returns. We can calculate the autocorrelation of First Industrial returns to help us make a trade decision. For example, suppose you find that First Industrial 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 Industrial 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 Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
First Industrial Lagged Returns
When evaluating First Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Industrial stock have on its future price. First Industrial 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 Industrial autocorrelation shows the relationship between First Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in First Industrial Realty.
Regressed Prices |
| Timeline |
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When running First Industrial's price analysis, check to measure First Industrial'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 Industrial is operating at the current time. Most of First Industrial's value examination focuses on studying past and present price action to predict the probability of First Industrial'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 Industrial's price. Additionally, you may evaluate how the addition of First Industrial to your portfolios can decrease your overall portfolio volatility.
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