Bank First National Stock Market Value
| BFC Stock | USD 78.50 2.69 3.55% |
| Symbol | Bank |
Bank First National Price To Book Ratio
Is Bank First's 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 Bank First. If investors know Bank 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 Bank First 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 0.385 | Dividend Share 1.25 | Earnings Share 7.28 | Revenue Per Share 17.756 | Quarterly Revenue Growth 0.109 |
The market value of Bank First National is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank First's value that differs from its market value or its book value, called intrinsic value, which is Bank First's 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 Bank First's market value can be influenced by many factors that don't directly affect Bank First's 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 Bank First's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank First is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank First's 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.
Bank First '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 Bank First'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 Bank First.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Bank First on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Bank First National or generate 0.0% return on investment in Bank First over 30 days. Bank First is related to or competes with Home Bancorp, and Lake Shore. Bank First Corporation operates as a holding company for Bank First N.A More
Bank First 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 Bank First'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 Bank First National upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.47 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 3.99 |
Bank First Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank First's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank First's standard deviation. In reality, there are many statistical measures that can use Bank First historical prices to predict the future Bank First's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank First'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.
Bank First National Backtested Returns
Bank First National secures Sharpe Ratio (or Efficiency) of -0.0884, which signifies that the company had a -0.0884% return per unit of risk over the last 3 months. Bank First National exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bank First's Standard Deviation of 2.26, risk adjusted performance of (0), and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.32, which signifies 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, Bank First will likely underperform. Bank First National has an expected return of -0.18%. Please make sure to confirm Bank First National treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Bank First National performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Bank First National has virtually no predictability. Overlapping area represents the amount of predictability between Bank First time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Bank First National price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Bank First price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 5.59 |
Bank First National lagged returns against current returns
Autocorrelation, which is Bank First 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 Bank First's stock expected returns. We can calculate the autocorrelation of Bank First returns to help us make a trade decision. For example, suppose you find that Bank First 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 |
Bank First 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 Bank First stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank First stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank First stock over time.
Current vs Lagged Prices |
| Timeline |
Bank First Lagged Returns
When evaluating Bank First's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank First stock have on its future price. Bank First 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, Bank First autocorrelation shows the relationship between Bank First stock current value and its past values and can show if there is a momentum factor associated with investing in Bank First National.
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 Bank First 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, Bank First's short interest history, or implied volatility extrapolated from Bank First options trading.
Pair Trading with Bank First
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 Bank First 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 Bank First will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.82 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.86 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
| 0.8 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against Bank Stock
| 0.62 | TECTP | Tectonic Financial | PairCorr |
| 0.59 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.48 | CFG-PD | Citizens Financial | PairCorr |
| 0.45 | KB | KB Financial Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Bank First could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank First 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 Bank First - 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 Bank First National to buy it.
The correlation of Bank First 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 Bank First moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank First National 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 Bank First 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 Bank First Correlation, Bank First Volatility and Bank First Alpha and Beta module to complement your research on Bank First. Note that the Bank First National information on this page should be used as a complementary analysis to other Bank First'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Bank Stock analysis
When running Bank First's price analysis, check to measure Bank First'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 Bank First is operating at the current time. Most of Bank First's value examination focuses on studying past and present price action to predict the probability of Bank First's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank First's price. Additionally, you may evaluate how the addition of Bank First to your portfolios can decrease your overall portfolio volatility.
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Bank First 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.