First Horizon National Stock Market Value
| FHN Stock | USD 15.67 0.61 4.05% |
| Symbol | First |
Is First Horizon'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 Horizon. 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 Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of First Horizon National 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 Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon'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 Horizon's market value can be influenced by many factors that don't directly affect First Horizon'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 Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon'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 Horizon '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 Horizon'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 Horizon.
| 02/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in First Horizon on February 3, 2024 and sell it all today you would earn a total of 0.00 from holding First Horizon National or generate 0.0% return on investment in First Horizon over 90 days. First Horizon is related to or competes with Zions Bancorporation, KeyCorp, Comerica, Western Alliance, Fifth Third, Truist Financial, and Huntington Bancshares. First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial se... More
First Horizon 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 Horizon'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 Horizon National upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.1141 | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.45 |
First Horizon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Horizon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Horizon's standard deviation. In reality, there are many statistical measures that can use First Horizon historical prices to predict the future First Horizon's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.2143 | |||
| Total Risk Alpha | 0.1112 | |||
| Sortino Ratio | 0.1331 | |||
| Treynor Ratio | 3.78 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Horizon'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 Horizon National Backtested Returns
First Horizon appears to be very steady, given 3 months investment horizon. First Horizon National secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for First Horizon National, which you can use to evaluate the volatility of the firm. Please utilize First Horizon's Downside Deviation of 1.29, mean deviation of 1.14, and Coefficient Of Variation of 663.54 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Horizon holds a performance score of 11. The firm shows a Beta (market volatility) of 0.0574, which means not very significant fluctuations relative to the market. As returns on the market increase, First Horizon's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Horizon is expected to be smaller as well. Please check First Horizon's maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether First Horizon's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
First Horizon National has weak reverse predictability. Overlapping area represents the amount of predictability between First Horizon time series from 3rd of February 2024 to 19th of March 2024 and 19th of March 2024 to 3rd of May 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 Horizon National price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current First Horizon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
First Horizon National lagged returns against current returns
Autocorrelation, which is First Horizon 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 Horizon's stock expected returns. We can calculate the autocorrelation of First Horizon returns to help us make a trade decision. For example, suppose you find that First Horizon 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 Horizon 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 Horizon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Horizon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Horizon stock over time.
Current vs Lagged Prices |
| Timeline |
First Horizon Lagged Returns
When evaluating First Horizon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Horizon stock have on its future price. First Horizon 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 Horizon autocorrelation shows the relationship between First Horizon stock current value and its past values and can show if there is a momentum factor associated with investing in First Horizon 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 First Horizon 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 Horizon's short interest history, or implied volatility extrapolated from First Horizon options trading.
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Try AI Portfolio ArchitectCheck out First Horizon Correlation, First Horizon Volatility and First Horizon Alpha and Beta module to complement your research on First Horizon. Note that the First Horizon National information on this page should be used as a complementary analysis to other First Horizon'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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for First Stock analysis
When running First Horizon's price analysis, check to measure First Horizon'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 Horizon is operating at the current time. Most of First Horizon's value examination focuses on studying past and present price action to predict the probability of First Horizon'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 Horizon's price. Additionally, you may evaluate how the addition of First Horizon to your portfolios can decrease your overall portfolio volatility.
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First Horizon 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.