First American Funds Fund Market Value
| FGUXX Fund | USD 1.00 0.00 0.00% |
| Symbol | First |
Please note, there is a significant difference between First American's value and its price as these two are different measures arrived at by different means. Investors typically determine if First American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
First American '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 American's money market 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 American.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in First American on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding First American Funds or generate 0.0% return on investment in First American over 30 days. First American is related to or competes with Franklin Real, Guggenheim Risk, Fidelity Real, Amg Managers, Commonwealth Real, and Tiaa-cref Real. First American is entity of United States More
First American 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 American's money market 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 American Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 1.01 |
First American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First American's standard deviation. In reality, there are many statistical measures that can use First American historical prices to predict the future First American's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (2.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First American's 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 American Funds Backtested Returns
At this stage we consider First Money Market Fund to be not too volatile. First American Funds secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the fund had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for First American Funds, which you can use to evaluate the volatility of the entity. Please confirm First American's Mean Deviation of 0.0301, variance of 0.0155, and Standard Deviation of 0.1243 to check if the risk estimate we provide is consistent with the expected return of 0.016%. The fund shows a Beta (market volatility) of -0.0024, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First American are expected to decrease at a much lower rate. During the bear market, First American is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
First American Funds has no correlation between past and present. Overlapping area represents the amount of predictability between First American time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 American Funds price movement. The serial correlation of 0.0 indicates that just 0.0% of current First American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First American Funds lagged returns against current returns
Autocorrelation, which is First American money market 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 American's money market fund expected returns. We can calculate the autocorrelation of First American returns to help us make a trade decision. For example, suppose you find that First American has exhibited high autocorrelation historically, and you observe that the money market 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 American 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 American money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First American money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First American money market fund over time.
Current vs Lagged Prices |
| Timeline |
First American Lagged Returns
When evaluating First American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First American money market fund have on its future price. First American 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 American autocorrelation shows the relationship between First American money market fund current value and its past values and can show if there is a momentum factor associated with investing in First American 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 Money Market Fund
First American financial ratios help investors to determine whether First Money Market 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 American security.
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