First Mutual Fund Market Value

FEHRX Fund

USD 7.89 0.02 0.25%

First Eagle's market value is the price at which a share of First Eagle stock trades on a public exchange. It measures the collective expectations of First Eagle High investors about the entity's future performance. 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. For more information on how to buy First Mutual Fund please use our How to Invest in First Eagle guide.

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 First Eagle value 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

02/24/2023

No Change 0.00

0.0

In 31 days

03/26/2023

0.00

If you would invest 0.00 in First Eagle on February 24, 2023 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 30 days. First Eagle is related to or competes with First Eagle, First Eagle, First Eagle, FRANKLIN LOW, VOYA GLOBAL, and LEGG MASON. To pursue its investment objective, the fund normally invests at least 80 percent of its net assets in debt instruments ... 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.

	Downside Deviation	0.3294
	Information Ratio	0.0857
	Maximum Drawdown	1.62
	Value At Risk	(0.51)
	Potential Upside	0.5089

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	0.0218
	Jensen Alpha	0.0024
	Total Risk Alpha	0.0122
	Sortino Ratio	0.0846
	Treynor Ratio	(0.06)

Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of First Eagle in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
7.56	7.89	8.22

Details

Intrinsic

Valuation

Low	Real Value	High
7.57	7.90	8.23

Details

Naive

Forecast

Low	Next Value	High
7.54	7.87	8.20

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
7.82	7.87	7.91

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 towards 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 0.0764, which denotes the fund had 0.0764% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for First Eagle High, which you can use to evaluate the future volatility of the entity. Please confirm First Eagle High Downside Deviation of 0.3294, coefficient of variation of 2319.91, and Mean Deviation of 0.2583 to check if the risk estimate we provide is consistent with the expected return of 0.0253%.

The fund shows a Beta (market volatility) of -0.0692, which means not very significant fluctuations relative to the market. Let's try to break down what First's beta means in this case. 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. Although it is important to respect First Eagle High historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing First Eagle High technical indicators, you can presently evaluate if the expected return of 0.0253% will be sustainable into the future.

Auto-correlation

-0.17

Insignificant reverse predictability

First Eagle High has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Eagle time series from 24th of February 2023 to 11th of March 2023 and 11th of March 2023 to 26th of March 2023. 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 -0.17 indicates that over 17.0% of current First Eagle price fluctuation can be explain by its past prices.

	Correlation Coefficient	-0.17
	Spearman Rank Test	0.19
	Residual Average	0.0
	Price Variance	0.0

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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock 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

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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Check out First Eagle Correlation, First Eagle Volatility and First Eagle Alpha and Beta module to complement your research on First Eagle. For more information on how to buy First Mutual Fund please use our How to Invest in First Eagle guide. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for analysis

When running First Eagle High 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 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.

Volatility Indicators

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Value Movement

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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...

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First Mutual Fund Market Value

First Eagle 'What if' Analysis

First Eagle Upside/Downside Indicators

First Eagle Market Risk Indicators

First Eagle High Backtested Returns

Auto-correlation

Insignificant reverse predictability

First Eagle High lagged returns against current returns

First Eagle regressed lagged prices vs. current prices

First Eagle Lagged Returns

Be your own money manager

Did you try this?

Run Money Flow Index Now

Money Flow Index

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for analysis

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