First Merchants Corporation Depository Shares (FRMEP)

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First Merchants Corporation Depository Shares (FRMEP) is up 1.2% since the beginning of the year. At $25 per share, FRMEP is trading 7.3% below its 52-week high of $27.

First Merchants Corporation Depository Shares (FRMEP) has returned 1.20% so far this year and 6.43% over the past 12 months.

Based on dividend-adjusted daily data since Apr 1, 2022, FRMEP's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was Jan 2024 with a return of +6.8%, while the worst month was Mar 2023 at -5.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.

On a daily basis, FRMEP closed higher 34% of trading days. The best single day was Mar 22, 2023 with a return of +7.1%, while the worst single day was Mar 23, 2023 at -6.9%.

First Merchants Corporation Depository Shares has an annualized alpha of 7.01%, beta of 0.06, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 04, 2022.

• This stock captured 15.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.22%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.06 may look defensive, but with R2 of 0.01 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.01 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FRMEP ranks 63 for risk / return — better than 63% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for First Merchants Corporation Depository Shares (FRMEP) and compare them to S&P 500 Index.

First Merchants Corporation Depository Shares provided a 7.46% dividend yield over the last twelve months, with an annual payout of $1.88 per share. The company has been increasing its dividends for 3 consecutive years.

The table displays the monthly dividend distributions for First Merchants Corporation Depository Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Merchants Corporation Depository Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Merchants Corporation Depository Shares was 11.76%, occurring on May 8, 2023. Recovery took 164 trading sessions.

The current First Merchants Corporation Depository Shares drawdown is 2.75%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of First Merchants Corporation Depository Shares over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how First Merchants Corporation Depository Shares is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.