First American Investment Fund Market Value
| FSCCX Fund | USD 35.85 0.08 0.22% |
| Symbol | First |
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 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 American.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in First American on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding First American Investment or generate 0.0% return on investment in First American over 720 days. First American is related to or competes with Vanguard Small-cap, Vanguard Small-cap, and American Beacon. Under normal market conditions, the fund invests at least 80 percent of the sum of its net assets and the amount of any ... 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 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 American Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8911 | |||
| Information Ratio | 0.0282 | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.08 |
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 | 0.1001 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.1051 |
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 Investment Backtested Returns
At this stage we consider First Mutual Fund to be very steady. First American Investment secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First American Investment, which you can use to evaluate the volatility of the entity. Please confirm First American's Coefficient Of Variation of 798.29, downside deviation of 0.8911, and Mean Deviation of 0.9008 to check if the risk estimate we provide is consistent with the expected return of 0.17%. The fund shows a Beta (market volatility) of 1.51, 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 American will likely underperform.
Auto-correlation | -0.08 |
Very weak reverse predictability
First American Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between First American time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Investment price movement. The serial correlation of -0.08 indicates that barely 8.0% of current First American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 3.78 |
First American Investment lagged returns against current returns
Autocorrelation, which is First American 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 American's mutual 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 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First American 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 American mutual 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 mutual 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in First American Investment.
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 American 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 American security.
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