Is First Savings (USA Stocks:FSFG) a good short-term trade as volatility ascents?

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Raphi Shpitalnik .  Story
FSFG Stock  USD 16.02  0.10  0.63%   
Raphi Shpitalnik
By Raphi Shpitalnik
Macroaxis Story
The company current daily volatility is 0.91 percent, with a beta of 0.06 and an alpha of -0.28 over Dow Jones Industrial. As many millenniums are excited about the latest volatility, it is fair to digest First Savings Financial based on its historical price patterns. We will analyze why it could be a much better year for First Savings shareholders.
Published over a month ago
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Reviewed by Gabriel Shpitalnik

First Savings Financial currently holds roughly 40.34 M in cash with 148.81 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.73.
Our trade advice tool can cross-verify current analyst consensus on First Savings Financial and to analyze the company potential to grow in the current economic cycle.
Investing in First Savings, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding First Savings along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of First Savings' 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. Please use the tools below to analyze the current value of First Savings in the context of predictive analytics.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Savings. Your research has to be compared to or analyzed against First Savings' peers to derive any actionable benefits. When done correctly, First Savings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in First Savings Financial.

How important is First Savings's Liquidity

First Savings financial leverage refers to using borrowed capital as a funding source to finance First Savings Financial ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. First Savings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between First Savings's total debt and its cash.

How does First utilize its cash?

To perform a cash flow analysis of First Savings, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash First Savings is receiving and how much cash it distributes out in a given period. The First Savings cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
First Savings Net Cash Flow from Operations is most likely to increase significantly in the upcoming years. The last year's value of Net Cash Flow from Operations was reported at 171.13 Million

First Savings Correlation with Peers

Investors in First can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in First Savings Financial. Diversification will allow for the same portfolio return with reduced risk. The correlation table of First Savings and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities First is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of First for more details

What is driving First Savings Investor Appetite?

First Savings Financial secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had -0.24% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. First Savings Financial exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm First Savings Financial coefficient of variation of (371.40), and Mean Deviation of 0.7365 to check the risk estimate we provide.
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-0.170.060.32-0.25
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-0.170.63-0.10.86
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0.060.63-0.220.47
HRTG
GSHD
0.32-0.1-0.220.03
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-0.250.860.470.03
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Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Will First fall back before March?

First Savings latest standard deviation ascents over 0.99. First Savings Financial exhibits very low volatility with skewness of -0.82 and kurtosis of 1.57. However, we advise investors to further study First Savings Financial technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure First Savings' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact First Savings' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Bottom Line On First Savings Financial

Although some companies in the banks—regional industry are either recovering or due for a correction, First may not be as strong as the others in terms of longer-term growth potentials. Taking everything into account, as of the 3rd of February 2023, we believe that at this point, First Savings is undervalued with below average probability of financial unrest within the next 2 years. Our primary buy-hold-sell advice on the firm is Strong Hold.

Editorial Staff

Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of First Savings Financial. Please refer to our Terms of Use for any information regarding our disclosure principles.

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