First Resources Ltd Stock Market Value
| FSRCY Stock | USD 105.00 0.00 0.00% |
| Symbol | First |
First Resources '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 Resources' 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 Resources.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in First Resources on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding First Resources Ltd or generate 0.0% return on investment in First Resources over 30 days. First Resources is related to or competes with Fresh Del, Limoneira, Brasilagro Adr, Alico, Bunge, AquaBounty Technologies, and Adecoagro. First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indo... More
First Resources 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 Resources' 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 Resources Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.62 |
First Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Resources' standard deviation. In reality, there are many statistical measures that can use First Resources historical prices to predict the future First Resources' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Resources' 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 Resources Backtested Returns
First Resources secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. First Resources Ltd exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Resources' Standard Deviation of 0.4452, variance of 0.1982, and Mean Deviation of 0.1079 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, First Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding First Resources is expected to be smaller as well. First Resources has an expected return of -0.0583%. Please make sure to confirm First Resources treynor ratio and day typical price , to decide if First Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
First Resources Ltd has no correlation between past and present. Overlapping area represents the amount of predictability between First Resources time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current First Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
First Resources lagged returns against current returns
Autocorrelation, which is First Resources 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 Resources' pink sheet expected returns. We can calculate the autocorrelation of First Resources returns to help us make a trade decision. For example, suppose you find that First Resources 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 Resources 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 Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Resources 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 Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First Resources Lagged Returns
When evaluating First Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Resources pink sheet have on its future price. First Resources 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 Resources autocorrelation shows the relationship between First Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First Resources Ltd.
Regressed Prices |
| Timeline |
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Complementary Tools for First Pink Sheet analysis
When running First Resources' price analysis, check to measure First Resources' 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 Resources is operating at the current time. Most of First Resources' value examination focuses on studying past and present price action to predict the probability of First Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Resources' price. Additionally, you may evaluate how the addition of First Resources to your portfolios can decrease your overall portfolio volatility.
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First Resources 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.