FIRST Mutual Fund Quote

Mutual Funds . USA . 
Fund . FIRST EAGLE HIGH
FEHAX Fund  USD 7.93  0.02  0.25%   

Market Performance

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Odds Of Distress

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FIRST EAGLE is trading at 7.93 as of the 3rd of June 2023; that is -0.25 percent decrease since the beginning of the trading day. The fund's open price was 7.95. FIRST EAGLE has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for FIRST EAGLE HIGH are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of June 2021 and ending today, the 3rd of June 2023. Click here to learn more.
CUSIP
32008F739
ISIN
US32008F7399
Fiscal Year End
October
To pursue its investment objective, the fund normally invests at least 80 percent of its net assets in debt instruments that are below investment grade, commonly known as high yield or junk bonds. First Eagle is traded on NASDAQ Exchange in the United States. More on FIRST EAGLE HIGH

Moving together with FIRST Mutual Fund

+0.98VWEAXVanguard High-yieldPairCorr
+0.94VWEHXVANGUARD HIGH-YIELDPairCorr
+0.97PHYZXPRUDENTIAL HIGH YIELDPairCorr
+0.94BRHYXBlackRock Hi YldPairCorr
+0.95PHYQXPRUDENTIAL HIGH YIELDPairCorr
+0.97PBHAXPRUDENTIAL HIGH YIELDPairCorr
+0.95AHTFXAMERICAN HIGH INCOMEPairCorr

FIRST Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. FIRST EAGLE's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding FIRST EAGLE or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of FIRST EAGLE's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
Startdate19th of November 2007
FIRST EAGLE HIGH [FEHAX] is traded in USA and was established 3rd of June 2023. The fund is listed under High Yield Bond category and is part of First Eagle family. FIRST EAGLE HIGH currently has accumulated 181.84 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 1.04%.
Check FIRST EAGLE Probability Of Bankruptcy

Instrument Allocation

FIRST EAGLE Target Price Odds Analysis

Based on a normal probability distribution, the odds of FIRST EAGLE jumping above the current price in 90 days from now is about 35.06%. The FIRST EAGLE HIGH probability density function shows the probability of FIRST EAGLE mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon FIRST EAGLE HIGH has a beta of -0.0533. This usually indicates as returns on benchmark increase, returns on holding FIRST EAGLE are expected to decrease at a much lower rate. During the bear market, however, FIRST EAGLE HIGH is likely to outperform the market. Additionally, the company has an alpha of 0.0107, implying that it can generate a 0.0107 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 7.93HorizonTargetOdds Above 7.93
63.97%90 days
 7.93 
35.06%
Based on a normal probability distribution, the odds of FIRST EAGLE to move above the current price in 90 days from now is about 35.06 (This FIRST EAGLE HIGH probability density function shows the probability of FIRST Mutual Fund to fall within a particular range of prices over 90 days) .

FIRST EAGLE HIGH Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. FIRST EAGLE market risk premium is the additional return an investor will receive from holding FIRST EAGLE long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in FIRST EAGLE. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although FIRST EAGLE's alpha and beta are two of the key measurements used to evaluate FIRST EAGLE's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation0.1965
Semi Deviation0.1163
Standard Deviation0.2603
Variance0.0678

FIRST EAGLE Against Markets

Picking the right benchmark for FIRST EAGLE mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FIRST EAGLE mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FIRST EAGLE is critical whether you are bullish or bearish towards FIRST EAGLE HIGH at a given time. Please also check how FIRST EAGLE's historical prices are related to one of the top price index indicators.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in FIRST EAGLE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy FIRST Mutual Fund?

Before investing in FIRST EAGLE, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in FIRST EAGLE. To buy FIRST EAGLE fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of FIRST EAGLE. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase FIRST EAGLE fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located FIRST EAGLE HIGH fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased FIRST EAGLE HIGH fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as FIRST EAGLE HIGH, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in FIRST EAGLE HIGH?

The danger of trading FIRST EAGLE HIGH is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FIRST EAGLE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FIRST EAGLE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FIRST EAGLE HIGH is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FIRST EAGLE HIGH. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the FIRST EAGLE HIGH 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for FIRST Mutual Fund analysis

When running FIRST EAGLE's price analysis, check to measure FIRST EAGLE'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 FIRST EAGLE is operating at the current time. Most of FIRST EAGLE's value examination focuses on studying past and present price action to predict the probability of FIRST EAGLE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIRST EAGLE's price. Additionally, you may evaluate how the addition of FIRST EAGLE to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between FIRST EAGLE's value and its price as these two are different measures arrived at by different means. Investors typically determine if FIRST EAGLE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FIRST EAGLE'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.
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