First Eagle High Fund Market Value

FEHCX Fund  USD 8.35  0.01  0.12%   
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 High investors about its performance. First Eagle is trading at 8.35 as of the 28th of March 2024; that is 0.12 percent increase since the beginning of the trading day. The fund's open price was 8.34.
With this module, you can estimate the performance of a buy and hold strategy of First Eagle High 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
01/28/2024
No Change 0.00  0.0 
In 2 months and 1 day
03/28/2024
0.00
If you would invest  0.00  in First Eagle on January 28, 2024 and sell it all today you would earn a total of 0.00 from holding First Eagle High or generate 0.0% return on investment in First Eagle over 60 days. First Eagle is related to or competes with First Eagle, First Eagle, First Eagle, First Eagle, First Eagle, First Eagle, and First Eagle. To pursue its investment objective, the fund normally invests at least 80 percent of its net assets in municipal bonds t... 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 High 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
8.098.348.59
Details
Intrinsic
Valuation
LowRealHigh
7.397.649.17
Details
Naive
Forecast
LowNextHigh
8.058.308.55
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.338.358.37
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 High.

First Eagle High Backtested Returns

We consider First Eagle very steady. First Eagle High secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Eagle High, which you can use to evaluate the volatility of the entity. Please confirm First Eagle's Standard Deviation of 0.2403, coefficient of variation of 461.75, and Mean Deviation of 0.1759 to check if the risk estimate we provide is consistent with the expected return of 0.0542%. The fund shows a Beta (market volatility) of -0.0566, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Eagle are expected to decrease at a much lower rate. During the bear market, First Eagle is likely to outperform the market.

Auto-correlation

    
  0.39  

Below average predictability

First Eagle High has below average predictability. Overlapping area represents the amount of predictability between First Eagle time series from 28th of January 2024 to 27th of February 2024 and 27th of February 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 High price movement. The serial correlation of 0.39 indicates that just about 39.0% of current First Eagle price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.49
Residual Average0.0
Price Variance0.0

First Eagle High 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 High.
   Regressed Prices   
       Timeline  

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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 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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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...