First Investors Growth Fund Market Value

FGIQX Fund  USD 15.71  0.23  1.49%   
First Investors' market value is the price at which a share of First Investors trades on a public exchange. It measures the collective expectations of First Investors Growth investors about its performance. First Investors is trading at 13.18 as of the 29th of March 2024; that is -5.86 percent decrease since the beginning of the trading day. The fund's open price was 15.48.
With this module, you can estimate the performance of a buy and hold strategy of First Investors Growth and determine expected loss or profit from investing in First Investors over a given investment horizon. Check out First Investors Correlation, First Investors Volatility and First Investors Alpha and Beta module to complement your research on First Investors.
Symbol

Please note, there is a significant difference between First Investors' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Investors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Investors' 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 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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/29/2024
0.00
If you would invest  0.00  in First Investors on April 9, 2022 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 720 days. First Investors is related to or competes with Jpmorgan Government, Inverse Government, and Us Government. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Investors' 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.
Hype
Prediction
LowEstimatedHigh
15.0515.7116.37
Details
Intrinsic
Valuation
LowRealHigh
15.1515.8116.47
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Investors. Your research has to be compared to or analyzed against First Investors' peers to derive any actionable benefits. When done correctly, First Investors' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in First Investors Growth.

First Investors Growth Backtested Returns

We consider First Investors very steady. First Investors Growth secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Investors Growth, which you can use to evaluate the volatility of the entity. Please confirm First Investors' Coefficient Of Variation of 413.63, downside deviation of 0.6458, and Mean Deviation of 0.5094 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The fund shows a Beta (market volatility) of 0.93, 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

    
  0.31  

Below average predictability

First Investors Growth has below average predictability. Overlapping area represents the amount of predictability between First Investors time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.31 indicates that nearly 31.0% of current First Investors price fluctuation can be explain by its past prices.
Correlation Coefficient0.31
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.87

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  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Investors in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Investors' short interest history, or implied volatility extrapolated from First Investors options trading.

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Check out First Investors Correlation, First Investors Volatility and First Investors Alpha and Beta module to complement your research on First Investors.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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First Investors technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of First Investors technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Investors trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...