First Eagle Overseas Fund Market Value
| SGOVX Fund | USD 24.99 0.18 0.73% |
| Symbol | First |
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.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in First Eagle on May 16, 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 210 days. First Eagle is related to or competes with First Eagle, Calamos Growth, First Eagle, First Eagle, and Oppenheimer International. 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.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.11 |
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 | (0.08) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.77) |
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.
First Eagle Overseas Backtested Returns
First Eagle Overseas secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the fund had a -0.13% return per unit of risk over the last 3 months. First Eagle Overseas exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Eagle's Mean Deviation of 0.5528, standard deviation of 1.05, and Variance of 1.1 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. 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 | -0.73 |
Almost perfect reverse predictability
First Eagle Overseas has almost perfect reverse predictability. Overlapping area represents the amount of predictability between First Eagle time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Overseas price movement. The serial correlation of -0.73 indicates that around 73.0% of current First Eagle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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