First Eagle Gold Fund Market Value
SGGDX Fund | USD 25.21 0.01 0.04% |
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.
05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in First Eagle on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding First Eagle Gold or generate 0.0% return on investment in First Eagle over 720 days. First Eagle is related to or competes with Gabelli Gold, International Investors, Gold And, Wells Fargo, and Franklin Gold. To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold... 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 Gold upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.58 | |||
Information Ratio | 0.0755 | |||
Maximum Drawdown | 6.99 | |||
Value At Risk | (2.42) | |||
Potential Upside | 2.82 |
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 | 0.0895 | |||
Jensen Alpha | 0.1117 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.0781 | |||
Treynor Ratio | 0.1833 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Eagle'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 Eagle Gold Backtested Returns
First Eagle appears to be very steady, given 3 months investment horizon. First Eagle Gold secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Eagle Gold, which you can use to evaluate the volatility of the entity. Please utilize First Eagle's Coefficient Of Variation of 748.36, downside deviation of 1.58, and Mean Deviation of 1.32 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.14, which means a somewhat significant risk relative to the market. First Eagle returns are very sensitive to returns on the market. As the market goes up or down, First Eagle is expected to follow.
Auto-correlation | 0.40 |
Average predictability
First Eagle Gold has average predictability. Overlapping area represents the amount of predictability between First Eagle time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Gold price movement. The serial correlation of 0.4 indicates that just about 40.0% of current First Eagle price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.4 | |
Spearman Rank Test | 0.01 | |
Residual Average | 0.0 | |
Price Variance | 1.65 |
First Eagle Gold 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 Gold.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out First Eagle Correlation, First Eagle Volatility and First Eagle Alpha and Beta module to complement your research on First Eagle. Note that the First Eagle Gold information on this page should be used as a complementary analysis to other First Eagle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
First Eagle 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.