First Majestic Technical Analysis

First Majestic Silver Corp -- USA Stock  

USD 6.94  0.07  1%

First Majestic Silver Corp shows Coefficient Of Variation of 1717.97, Mean Deviation of 1.61 and Downside Deviation of 1.55. 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 6.94 per share. Given that First Majestic has Jensen Alpha of (0.11), we urge you verify First Majestic Silver Corp prevailing market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

First Majestic Silver Trend Analysis

Use 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 Line

The 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 0.007034 % which suggests that First Majestic Silver Corp will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted First Majestic price change compared to its average price change.

Did you try this?

Run Price Transformation Now

Price Transformation

Use Price Transformation models to analyze depth of different equity instruments across global markets
Hide  View All  Next  Launch Price Transformation
First Majestic Silver Corp is rated third in mean deviation category among related companies. It is rated second in standard deviation category among related companies creating about  1.25  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for First Majestic Silver Corp is roughly  1.25