The First Bancshares Stock Market Value
| FBMS Stock | USD 25.72 0.08 0.31% |
| Symbol | First |
First Bancshares Price To Book Ratio
Is First Bancshares' 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 Bancshares. 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 Bancshares 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 0.251 | Dividend Share 0.97 | Earnings Share 2.52 | Revenue Per Share 9.072 | Quarterly Revenue Growth 0.052 |
The market value of First Bancshares 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 Bancshares' value that differs from its market value or its book value, called intrinsic value, which is First Bancshares' 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 Bancshares' market value can be influenced by many factors that don't directly affect First Bancshares' 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 Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancshares' 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 Bancshares '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 Bancshares' 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 Bancshares.
| 11/23/2023 |
| 05/21/2024 |
If you would invest 0.00 in First Bancshares on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding The First Bancshares or generate 0.0% return on investment in First Bancshares over 180 days. First Bancshares is related to or competes with HMN Financial, First Northwest, Community West, First Financial, Great Southern, Cullman Bancorp, and Bankwell Financial. The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provi... More
First Bancshares 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 Bancshares' 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 The First Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 2.46 |
First Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Bancshares' standard deviation. In reality, there are many statistical measures that can use First Bancshares historical prices to predict the future First Bancshares' volatility.| Risk Adjusted Performance | 0.0317 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0439 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Bancshares' 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 Bancshares Backtested Returns
We consider First Bancshares very steady. First Bancshares secures Sharpe Ratio (or Efficiency) of 0.0648, which denotes the company had a 0.0648% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The First Bancshares, which you can use to evaluate the volatility of the firm. Please confirm First Bancshares' Downside Deviation of 1.98, risk adjusted performance of 0.0317, and Semi Deviation of 1.82 to check if the risk estimate we provide is consistent with the expected return of 0.11%. First Bancshares has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.45, 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 Bancshares will likely underperform. First Bancshares right now shows a risk of 1.69%. Please confirm First Bancshares value at risk, and the relationship between the jensen alpha and skewness , to decide if First Bancshares will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
The First Bancshares has very weak reverse predictability. Overlapping area represents the amount of predictability between First Bancshares time series from 23rd of November 2023 to 21st of February 2024 and 21st of February 2024 to 21st of May 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 Bancshares price movement. The serial correlation of -0.09 indicates that less than 9.0% of current First Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
First Bancshares lagged returns against current returns
Autocorrelation, which is First Bancshares 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 Bancshares' stock expected returns. We can calculate the autocorrelation of First Bancshares returns to help us make a trade decision. For example, suppose you find that First Bancshares 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 Bancshares 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 Bancshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Bancshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Bancshares stock over time.
Current vs Lagged Prices |
| Timeline |
First Bancshares Lagged Returns
When evaluating First Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Bancshares stock have on its future price. First Bancshares 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 Bancshares autocorrelation shows the relationship between First Bancshares stock current value and its past values and can show if there is a momentum factor associated with investing in The First Bancshares.
Regressed Prices |
| Timeline |
Pair Trading with First Bancshares
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 Bancshares 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 Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.61 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.63 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
The ability to find closely correlated positions to First Bancshares 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 Bancshares 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 Bancshares - 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 The First Bancshares to buy it.
The correlation of First Bancshares 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 Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancshares 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 Bancshares 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.Check out First Bancshares Correlation, First Bancshares Volatility and First Bancshares Alpha and Beta module to complement your research on First Bancshares. For more information on how to buy First Stock please use our How to Invest in First Bancshares guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for First Stock analysis
When running First Bancshares' price analysis, check to measure First Bancshares' 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 Bancshares is operating at the current time. Most of First Bancshares' value examination focuses on studying past and present price action to predict the probability of First Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancshares' price. Additionally, you may evaluate how the addition of First Bancshares to your portfolios can decrease your overall portfolio volatility.
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First Bancshares technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.