First National Energy Stock Market Value
| FNEC Stock | USD 0.05 0.01 16.28% |
| Symbol | First |
First National '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 National's pink sheet 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 National.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in First National on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding First National Energy or generate 0.0% return on investment in First National over 30 days. First National is related to or competes with SCOR PK, Pinnacle Sherman, and T Rowe. First National Energy Corporation focuses on providing wind-driven solutions for power generation More
First National 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 National's pink sheet 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 National Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1075 | |||
| Maximum Drawdown | 1674.27 |
First National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First National's standard deviation. In reality, there are many statistical measures that can use First National historical prices to predict the future First National's volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 17.27 | |||
| Total Risk Alpha | 4.64 | |||
| Treynor Ratio | 0.2914 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First National'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 National Energy Backtested Returns
First National is out of control given 3 months investment horizon. First National Energy secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for nineteen different technical indicators, which can help you to evaluate if expected returns of 14.53% are justified by taking the suggested risk. Use First National Mean Deviation of 47.26, standard deviation of 195.58, and Variance of 38251.77 to evaluate company specific risk that cannot be diversified away. First National holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 72.33, 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 National will likely underperform. Use First National kurtosis, as well as the relationship between the day median price and period momentum indicator , to analyze future returns on First National.
Auto-correlation | 0.00 |
No correlation between past and present
First National Energy has no correlation between past and present. Overlapping area represents the amount of predictability between First National time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 National Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current First National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First National Energy lagged returns against current returns
Autocorrelation, which is First National pink sheet'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 National's pink sheet expected returns. We can calculate the autocorrelation of First National returns to help us make a trade decision. For example, suppose you find that First National has exhibited high autocorrelation historically, and you observe that the pink sheet 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 National 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 National pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First National pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First National pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First National Lagged Returns
When evaluating First National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First National pink sheet have on its future price. First National 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 National autocorrelation shows the relationship between First National pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First National Energy.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First National in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First National's short interest history, or implied volatility extrapolated from First National options trading.
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Try AI Portfolio ArchitectCheck out First National Correlation, First National Volatility and First National Alpha and Beta module to complement your research on First National. Note that the First National Energy information on this page should be used as a complementary analysis to other First National's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for First Pink Sheet analysis
When running First National's price analysis, check to measure First National'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 National is operating at the current time. Most of First National's value examination focuses on studying past and present price action to predict the probability of First National'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 National's price. Additionally, you may evaluate how the addition of First National to your portfolios can decrease your overall portfolio volatility.
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First National technical pink sheet 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, pink sheet market cycles, or different charting patterns.