First Advantage Corp Stock Market Value
| FA Stock | USD 15.50 0.18 1.17% |
| Symbol | First |
Is First Advantage'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 First Advantage. If investors know First 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 First Advantage 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 (0.24) | Earnings Share 0.26 | Revenue Per Share 5.301 | Quarterly Revenue Growth (0.05) | Return On Assets 0.029 |
The market value of First Advantage Corp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Advantage's value that differs from its market value or its book value, called intrinsic value, which is First Advantage'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 First Advantage's market value can be influenced by many factors that don't directly affect First Advantage'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 First Advantage's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Advantage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Advantage'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.
First Advantage '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 Advantage'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 Advantage.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in First Advantage on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding First Advantage Corp or generate 0.0% return on investment in First Advantage over 30 days. First Advantage is related to or competes with Cass Information, Maximus, AZZ Incorporated, CBIZ, and BrightView Holdings. First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related t... More
First Advantage 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 Advantage'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 Advantage Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.83 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.79 |
First Advantage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Advantage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Advantage's standard deviation. In reality, there are many statistical measures that can use First Advantage historical prices to predict the future First Advantage's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Advantage'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 Advantage Corp Backtested Returns
First Advantage Corp secures Sharpe Ratio (or Efficiency) of -0.059, which denotes the company had a -0.059% return per unit of risk over the last 3 months. First Advantage Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Advantage's Mean Deviation of 1.05, variance of 2.37, and Standard Deviation of 1.54 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which means a somewhat significant risk relative to the market. First Advantage returns are very sensitive to returns on the market. As the market goes up or down, First Advantage is expected to follow. First Advantage Corp has an expected return of -0.0909%. Please make sure to confirm First Advantage Corp accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if First Advantage Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
First Advantage Corp has good predictability. Overlapping area represents the amount of predictability between First Advantage time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Advantage Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current First Advantage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
First Advantage Corp lagged returns against current returns
Autocorrelation, which is First Advantage 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 Advantage's stock expected returns. We can calculate the autocorrelation of First Advantage returns to help us make a trade decision. For example, suppose you find that First Advantage 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 Advantage 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 Advantage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Advantage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Advantage stock over time.
Current vs Lagged Prices |
| Timeline |
First Advantage Lagged Returns
When evaluating First Advantage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Advantage stock have on its future price. First Advantage 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 Advantage autocorrelation shows the relationship between First Advantage stock current value and its past values and can show if there is a momentum factor associated with investing in First Advantage Corp.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out First Advantage Correlation, First Advantage Volatility and First Advantage Alpha and Beta module to complement your research on First Advantage. Note that the First Advantage Corp information on this page should be used as a complementary analysis to other First Advantage'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for First Stock analysis
When running First Advantage's price analysis, check to measure First Advantage'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 Advantage is operating at the current time. Most of First Advantage's value examination focuses on studying past and present price action to predict the probability of First Advantage'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 Advantage's price. Additionally, you may evaluate how the addition of First Advantage to your portfolios can decrease your overall portfolio volatility.
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