First Eagle Global Fund Market Value

FEBAX Fund  USD 13.78  0.01  0.07%   
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 Global investors about its performance. First Eagle is trading at 13.78 as of the 4th of December 2024; that is 0.07% down since the beginning of the trading day. The fund's open price was 13.79.
With this module, you can estimate the performance of a buy and hold strategy of First Eagle Global 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
11/04/2024
No Change 0.00  0.0 
In 31 days
12/04/2024
0.00
If you would invest  0.00  in First Eagle on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding First Eagle Global or generate 0.0% return on investment in First Eagle over 30 days. First Eagle is related to or competes with Goldman Sachs, Short Precious, Franklin Gold, and Gold And. The fund will normally invest its assets primarily in common stocks of 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 Global 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.
Hype
Prediction
LowEstimatedHigh
13.4313.7914.15
Details
Intrinsic
Valuation
LowRealHigh
13.4413.8014.16
Details
Naive
Forecast
LowNextHigh
13.5413.9014.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.6913.7613.83
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 Global.

First Eagle Global Backtested Returns

At this stage we consider First Mutual Fund to be very steady. First Eagle Global secures Sharpe Ratio (or Efficiency) of 0.0113, which denotes the fund had a 0.0113% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for First Eagle Global, which you can use to evaluate the volatility of the entity. Please confirm First Eagle's Semi Deviation of 0.3557, coefficient of variation of 20690.27, and Standard Deviation of 0.3582 to check if the risk estimate we provide is consistent with the expected return of 0.004%. The fund shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and First Eagle are completely uncorrelated.

Auto-correlation

    
  -0.69  

Very good reverse predictability

First Eagle Global has very good reverse predictability. Overlapping area represents the amount of predictability between First Eagle time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Global price movement. The serial correlation of -0.69 indicates that around 69.0% of current First Eagle price fluctuation can be explain by its past prices.
Correlation Coefficient-0.69
Spearman Rank Test-0.71
Residual Average0.0
Price Variance0.0

First Eagle Global 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 Global.
   Regressed Prices   
       Timeline  

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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.
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