Firsthand Technology Opportunities Fund Market Value

TEFQX Fund  USD 4.06  0.01  0.25%   
Firsthand Technology's market value is the price at which a share of Firsthand Technology trades on a public exchange. It measures the collective expectations of Firsthand Technology Opportunities investors about its performance. Firsthand Technology is trading at 4.06 as of the 28th of March 2024; that is 0.25% increase since the beginning of the trading day. The fund's open price was 4.05.
With this module, you can estimate the performance of a buy and hold strategy of Firsthand Technology Opportunities and determine expected loss or profit from investing in Firsthand Technology over a given investment horizon. Check out Firsthand Technology Correlation, Firsthand Technology Volatility and Firsthand Technology Alpha and Beta module to complement your research on Firsthand Technology.
Symbol

Please note, there is a significant difference between Firsthand Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Firsthand Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Firsthand Technology'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.

Firsthand Technology '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 Firsthand Technology'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 Firsthand Technology.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Firsthand Technology on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Firsthand Technology Opportunities or generate 0.0% return on investment in Firsthand Technology over 30 days. Firsthand Technology is related to or competes with USCF Gold, Mind Technology, VHAI, Voxeljet, VivoPower International, Exela Technologies, and Firsthand Alternative. The fund invests at least 80 percent of the assets in high-technology companies More

Firsthand Technology 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 Firsthand Technology'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 Firsthand Technology Opportunities upside and downside potential and time the market with a certain degree of confidence.

Firsthand Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Firsthand Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firsthand Technology's standard deviation. In reality, there are many statistical measures that can use Firsthand Technology historical prices to predict the future Firsthand Technology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Firsthand Technology'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.
Hype
Prediction
LowEstimatedHigh
2.194.085.97
Details
Intrinsic
Valuation
LowRealHigh
2.254.146.03
Details
Naive
Forecast
LowNextHigh
2.194.085.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.994.034.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Firsthand Technology. Your research has to be compared to or analyzed against Firsthand Technology's peers to derive any actionable benefits. When done correctly, Firsthand Technology's 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 Firsthand Technology.

Firsthand Technology Backtested Returns

Firsthand Technology secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the fund had a -0.15% return per unit of risk over the last 3 months. Firsthand Technology Opportunities exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Firsthand Technology's Mean Deviation of 1.37, variance of 3.36, and Standard Deviation of 1.83 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.91, 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, Firsthand Technology will likely underperform.

Auto-correlation

    
  -0.58  

Good reverse predictability

Firsthand Technology Opportunities has good reverse predictability. Overlapping area represents the amount of predictability between Firsthand Technology time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Firsthand Technology price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Firsthand Technology price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.0

Firsthand Technology lagged returns against current returns

Autocorrelation, which is Firsthand Technology 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 Firsthand Technology's mutual fund expected returns. We can calculate the autocorrelation of Firsthand Technology returns to help us make a trade decision. For example, suppose you find that Firsthand Technology 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  

Firsthand Technology 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 Firsthand Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firsthand Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firsthand Technology mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Firsthand Technology Lagged Returns

When evaluating Firsthand Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firsthand Technology mutual fund have on its future price. Firsthand Technology 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, Firsthand Technology autocorrelation shows the relationship between Firsthand Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Firsthand Technology Opportunities.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Check out Firsthand Technology Correlation, Firsthand Technology Volatility and Firsthand Technology Alpha and Beta module to complement your research on Firsthand Technology.
You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Firsthand Mutual Fund analysis

When running Firsthand Technology's price analysis, check to measure Firsthand Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Firsthand Technology is operating at the current time. Most of Firsthand Technology's value examination focuses on studying past and present price action to predict the probability of Firsthand Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firsthand Technology's price. Additionally, you may evaluate how the addition of Firsthand Technology to your portfolios can decrease your overall portfolio volatility.
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Firsthand Technology 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 Firsthand Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Firsthand Technology 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...