First Eagle Overseas Fund Market Value

FESOX Fund  USD 23.75  0.15  0.64%   
First Eagle's market value is the price at which a share of First Eagle trades on a public exchange. It measures the collective expectations of First Eagle Overseas investors about its performance. First Eagle is trading at 23.75 as of the 28th of March 2024; that is 0.64 percent increase since the beginning of the trading day. The fund's open price was 23.6.
With this module, you can estimate the performance of a buy and hold strategy of First Eagle Overseas and determine expected loss or profit from investing in First Eagle over a given investment horizon. Check out First Eagle Correlation, First Eagle Volatility and First Eagle Alpha and Beta module to complement your research on First Eagle.
Symbol

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.

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.
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 First Eagle on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding First Eagle Overseas or generate 0.0% return on investment in First Eagle over 30 days. First Eagle is related to or competes with State Farm, First Eagle, First Eagle, First Eagle, First Eagle, First Eagle, and Procter Gamble. The fund will invest primarily in equity securities of non-U.S 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 Overseas upside and downside potential and time the market with a certain degree of confidence.

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.
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.
Hype
Prediction
LowEstimatedHigh
23.2223.7524.28
Details
Intrinsic
Valuation
LowRealHigh
23.0623.5924.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Eagle. Your research has to be compared to or analyzed against First Eagle's peers to derive any actionable benefits. When done correctly, First Eagle'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 First Eagle Overseas.

First Eagle Overseas Backtested Returns

We consider First Eagle very steady. First Eagle Overseas secures Sharpe Ratio (or Efficiency) of 0.0942, which denotes the fund had a 0.0942% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Eagle Overseas, which you can use to evaluate the volatility of the entity. Please confirm First Eagle's Mean Deviation of 0.3971, coefficient of variation of 838.67, and Downside Deviation of 0.5767 to check if the risk estimate we provide is consistent with the expected return of 0.0504%. The fund shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Eagle's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Eagle is expected to be smaller as well.

Auto-correlation

    
  0.05  

Virtually no predictability

First Eagle Overseas has virtually no predictability. Overlapping area represents the amount of predictability between First Eagle 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 First Eagle Overseas price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current First Eagle price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test0.11
Residual Average0.0
Price Variance0.01

First Eagle Overseas 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 Overseas.
   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 Eagle 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 Eagle's short interest history, or implied volatility extrapolated from First Eagle options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out First Eagle Correlation, First Eagle Volatility and First Eagle Alpha and Beta module to complement your research on First Eagle.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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.
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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.
A focus of First Eagle technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Eagle 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...