First International (Israel) Market Value
| FIBI Stock | ILS 14,250 270.00 1.93% |
| Symbol | First |
First International '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 International'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 International.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in First International on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding First International Bank or generate 0.0% return on investment in First International over 30 days. First International is related to or competes with Rani Zim, Accel Solutions, and Rapac Communication. First International Bank of Israel Ltd. provides various financial and banking services to individuals, households, and ... More
First International 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 International'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 International Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.25 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.51 |
First International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First International's standard deviation. In reality, there are many statistical measures that can use First International historical prices to predict the future First International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First International'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 International Bank Backtested Returns
We consider First International very steady. First International Bank secures Sharpe Ratio (or Efficiency) of 0.0401, which denotes the company had a 0.0401% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for First International Bank, which you can use to evaluate the volatility of the firm. Please confirm First International's Variance of 4.04, standard deviation of 2.01, and Mean Deviation of 1.52 to check if the risk estimate we provide is consistent with the expected return of 0.0846%. First International has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, First International's returns are expected to increase less than the market. However, during the bear market, the loss of holding First International is expected to be smaller as well. First International Bank right now shows a risk of 2.11%. Please confirm First International Bank maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if First International Bank will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
First International Bank has virtually no predictability. Overlapping area represents the amount of predictability between First International time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 International Bank price movement. The serial correlation of 0.07 indicates that barely 7.0% of current First International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 125.5 K |
First International Bank lagged returns against current returns
Autocorrelation, which is First International 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 International's stock expected returns. We can calculate the autocorrelation of First International returns to help us make a trade decision. For example, suppose you find that First International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First International stock over time.
Current vs Lagged Prices |
| Timeline |
First International Lagged Returns
When evaluating First International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First International stock have on its future price. First International 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 International autocorrelation shows the relationship between First International stock current value and its past values and can show if there is a momentum factor associated with investing in First International Bank.
Regressed Prices |
| Timeline |
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When running First International's price analysis, check to measure First International'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 International is operating at the current time. Most of First International's value examination focuses on studying past and present price action to predict the probability of First International'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 International's price. Additionally, you may evaluate how the addition of First International to your portfolios can decrease your overall portfolio volatility.
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First International 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.