First Eagle Funds Fund Market Value
| FERAX Fund | USD 11.58 0.03 0.26% |
| Symbol | First |
First Eagle '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 Eagle's mutual fund 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 Eagle.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in First Eagle on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding First Eagle Funds or generate 0.0% return on investment in First Eagle over 540 days. First Eagle is related to or competes with Mid-cap Value, Hennessy Cornerstone, American Century, Mutual Of, Boston Partners, Fpa Queens, and Lord Abbett. The fund will normally invest at least 80 percent of its net assets in a variety of assets believed by the adviser to re... More
First Eagle 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 Eagle's mutual fund 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 Eagle Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6544 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.12 |
First Eagle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Eagle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Eagle's standard deviation. In reality, there are many statistical measures that can use First Eagle historical prices to predict the future First Eagle's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0342 |
First Eagle Funds Backtested Returns
At this stage we consider First Mutual Fund to be very steady. First Eagle Funds secures Sharpe Ratio (or Efficiency) of 0.0704, which denotes the fund had a 0.0704% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Eagle Funds, which you can use to evaluate the volatility of the entity. Please confirm First Eagle's Coefficient Of Variation of 2685.0, mean deviation of 0.4828, and Downside Deviation of 0.6544 to check if the risk estimate we provide is consistent with the expected return of 0.042%. The fund shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Eagle's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Eagle is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
First Eagle Funds has modest predictability. Overlapping area represents the amount of predictability between First Eagle time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Eagle Funds price movement. The serial correlation of 0.55 indicates that about 55.0% of current First Eagle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
First Eagle Funds lagged returns against current returns
Autocorrelation, which is First Eagle mutual fund'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 Eagle's mutual fund expected returns. We can calculate the autocorrelation of First Eagle returns to help us make a trade decision. For example, suppose you find that First Eagle has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Eagle 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 Eagle mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Eagle mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Eagle mutual fund over time.
Current vs Lagged Prices |
| Timeline |
First Eagle Lagged Returns
When evaluating First Eagle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Eagle mutual fund have on its future price. First Eagle 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 Eagle autocorrelation shows the relationship between First Eagle mutual fund current value and its past values and can show if there is a momentum factor associated with investing in First Eagle Funds.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in First Mutual Fund
First Eagle financial ratios help investors to determine whether First Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Eagle security.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |