First Eagle High Fund Manager Performance Evaluation

FEHAX Fund  USD 8.66  0.08  0.93%   
The fund shows a Beta (market volatility) of -0.17, 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.

Risk-Adjusted Performance

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Over the last 90 days First Eagle High has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, First Eagle is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Fund Files First Eagle boosts high yield muni team, Impax files for ETF share class - Citywire Professional Buyer
09/23/2024
Expense Ratio Date1st of March 2023
Expense Ratio1.2500
  

First Eagle Relative Risk vs. Return Landscape

If you would invest  857.00  in First Eagle High on August 10, 2024 and sell it today you would earn a total of  1.00  from holding First Eagle High or generate 0.12% return on investment over 90 days. First Eagle High is currently producing 0.0024% returns and takes up 0.3248% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than First, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon First Eagle is expected to generate 73.71 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.36 times less risky than the market. It trades about 0.01 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.23 of returns per unit of risk over similar time horizon.

First Eagle Current Valuation

Overvalued
Today
8.66
Please note that First Eagle's price fluctuation is very steady at this time. At this time, the entity appears to be overvalued. First Eagle High shows a prevailing Real Value of $7.87 per share. The current price of the fund is $8.66. We determine the value of First Eagle High from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since First Eagle is currently traded on the exchange, buyers and sellers on that exchange determine the market value of First Mutual Fund. However, First Eagle's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  8.66 Real  7.87 Hype  8.58 Naive  8.61
The intrinsic value of First Eagle's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence First Eagle's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
7.87
Real Value
9.44
Upside
Estimating the potential upside or downside of First Eagle High helps investors to forecast how First mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of First Eagle more accurately as focusing exclusively on First Eagle's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.538.658.76
Details
Hype
Prediction
LowEstimatedHigh
8.268.588.90
Details
Naive
Forecast
LowNext ValueHigh
8.288.618.93
Details

First Eagle Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Eagle's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as First Eagle High, and traders can use it to determine the average amount a First Eagle's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0073

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Estimated Market Risk

 0.32
  actual daily
2
98% of assets are more volatile

Expected Return

 0.0
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average First Eagle is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Eagle by adding First Eagle to a well-diversified portfolio.

First Eagle Fundamentals Growth

First Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of First Eagle, and First Eagle fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on First Mutual Fund performance.

About First Eagle Performance

Evaluating First Eagle's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if First Eagle has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if First Eagle has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
To pursue its investment objective, the fund normally invests at least 80 percent of its net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. Such municipal bonds may include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax and may include all types of municipal bonds.

Things to note about First Eagle High performance evaluation

Checking the ongoing alerts about First Eagle for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for First Eagle High help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund retains about 6.84% of its assets under management (AUM) in cash
Evaluating First Eagle's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate First Eagle's mutual fund performance include:
  • Analyzing First Eagle's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether First Eagle's stock is overvalued or undervalued compared to its peers.
  • Examining First Eagle's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating First Eagle's management team can have a significant impact on its success or failure. Reviewing the track record and experience of First Eagle's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of First Eagle's mutual fund. These opinions can provide insight into First Eagle's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating First Eagle's mutual fund performance is not an exact science, and many factors can impact First Eagle's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in First Mutual Fund

First Eagle financial ratios help investors to determine whether First Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Eagle security.
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum