First Eagle Small Fund Market Value
| FESRX Fund | USD 11.40 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.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in First Eagle on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding First Eagle Small or generate 0.0% return on investment in First Eagle over 180 days. First Eagle is related to or competes with Vanguard Small-cap, Vanguard Small-cap, and American Beacon. The fund invests, under normal circumstances, in equity securities of small- and micro-cap companies in an attempt to ta... 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 Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.92 |
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 | 0.0729 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0724 |
First Eagle Small Backtested Returns
At this stage we consider First Mutual Fund to be not too volatile. First Eagle Small secures Sharpe Ratio (or Efficiency) of 0.09, which denotes the fund had a 0.09% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Eagle Small, which you can use to evaluate the volatility of the entity. Please confirm First Eagle's Coefficient Of Variation of 1108.12, downside deviation of 1.1, and Mean Deviation of 0.8954 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 1.43, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Eagle will likely underperform.
Auto-correlation | 0.28 |
Poor predictability
First Eagle Small has poor predictability. Overlapping area represents the amount of predictability between First Eagle time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Small price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current First Eagle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
First Eagle Small 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 Small.
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.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |