First Gen Corp Stock Market Value
| FSGCY Stock | USD 7.18 0.00 0.00% |
| Symbol | First |
First Gen '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 Gen'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 Gen.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in First Gen on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding First Gen Corp or generate 0.0% return on investment in First Gen over 60 days. First Gen is related to or competes with Brookfield Renewable, Brookfield Renewable, Clearway Energy, Atlantica Sustainable, Nextera Energy, Algonquin Power, and Fusion Fuel. First Gen Corporation, through its subsidiaries, engages in the power generation business in Philippines More
First Gen 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 Gen'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 Gen Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0659 | |||
| Maximum Drawdown | 6.15 |
First Gen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Gen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Gen's standard deviation. In reality, there are many statistical measures that can use First Gen historical prices to predict the future First Gen's volatility.| Risk Adjusted Performance | 0.1102 | |||
| Jensen Alpha | 0.1468 | |||
| Total Risk Alpha | 0.0215 | |||
| Treynor Ratio | (6.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Gen'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 Gen Corp Backtested Returns
We consider First Gen not too volatile. First Gen Corp secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found sixteen technical indicators for First Gen Corp, which you can use to evaluate the volatility of the firm. Please confirm First Gen's Mean Deviation of 0.3001, standard deviation of 0.9009, and Variance of 0.8116 to check if the risk estimate we provide is consistent with the expected return of 0.16%. First Gen has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0241, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Gen are expected to decrease at a much lower rate. During the bear market, First Gen is likely to outperform the market. First Gen Corp right now shows a risk of 0.93%. Please confirm First Gen Corp treynor ratio and day median price , to decide if First Gen Corp will be following its price patterns.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
First Gen Corp has near perfect reversele predictability. Overlapping area represents the amount of predictability between First Gen time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th 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 Gen Corp price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current First Gen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
First Gen Corp lagged returns against current returns
Autocorrelation, which is First Gen 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 Gen's pink sheet expected returns. We can calculate the autocorrelation of First Gen returns to help us make a trade decision. For example, suppose you find that First Gen 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 Gen 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 Gen pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Gen 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 Gen pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First Gen Lagged Returns
When evaluating First Gen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Gen pink sheet have on its future price. First Gen 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 Gen autocorrelation shows the relationship between First Gen pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First Gen Corp.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out First Gen Correlation, First Gen Volatility and First Gen Alpha and Beta module to complement your research on First Gen. Note that the First Gen Corp information on this page should be used as a complementary analysis to other First Gen'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for First Pink Sheet analysis
When running First Gen's price analysis, check to measure First Gen'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 Gen is operating at the current time. Most of First Gen's value examination focuses on studying past and present price action to predict the probability of First Gen'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 Gen's price. Additionally, you may evaluate how the addition of First Gen to your portfolios can decrease your overall portfolio volatility.
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First Gen 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.