First Investors Growth Fund Market Value
| FGIPX Fund | USD 16.63 0.04 0.24% |
| Symbol | First |
First Investors '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 Investors' 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 Investors.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in First Investors on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding First Investors Growth or generate 0.0% return on investment in First Investors over 30 days. The fund primarily invests in common stocks that offer the potential for capital growth, current income or both More
First Investors 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 Investors' 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 Investors Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4726 | |||
| Information Ratio | 0.0057 | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.08 |
First Investors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Investors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Investors' standard deviation. In reality, there are many statistical measures that can use First Investors historical prices to predict the future First Investors' volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | 0.0062 | |||
| Sortino Ratio | 0.0086 | |||
| Treynor Ratio | 0.1369 |
First Investors Growth Backtested Returns
At this stage we consider First Mutual Fund to be very steady. First Investors Growth secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Investors Growth, which you can use to evaluate the volatility of the entity. Please confirm First Investors' Downside Deviation of 0.4726, mean deviation of 0.5128, and Coefficient Of Variation of 551.59 to check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. First Investors returns are very sensitive to returns on the market. As the market goes up or down, First Investors is expected to follow.
Auto-correlation | -0.6 |
Good reverse predictability
First Investors Growth has good reverse predictability. Overlapping area represents the amount of predictability between First Investors time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Investors Growth price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current First Investors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
First Investors Growth lagged returns against current returns
Autocorrelation, which is First Investors 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 Investors' mutual fund expected returns. We can calculate the autocorrelation of First Investors returns to help us make a trade decision. For example, suppose you find that First Investors 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 Investors 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 Investors mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Investors 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 Investors mutual fund over time.
Current vs Lagged Prices |
| Timeline |
First Investors Lagged Returns
When evaluating First Investors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Investors mutual fund have on its future price. First Investors 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 Investors autocorrelation shows the relationship between First Investors mutual fund current value and its past values and can show if there is a momentum factor associated with investing in First Investors Growth.
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 Investors 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 Investors security.
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