Firsthand Technology Opportunities Fund Market Value
| TEFQX Fund | USD 3.96 0.04 1.02% |
| Symbol | FIRSTHAND |
Firsthand Technology '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 Firsthand Technology'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 Firsthand Technology.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Firsthand Technology on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Firsthand Technology Opportunities or generate 0.0% return on investment in Firsthand Technology over 90 days. Firsthand Technology is related to or competes with Berkshire Focus, Red Oak, Jacob Internet, Kinetics Internet, and Janus Global. The fund invests at least 80 percent of the assets in high-technology companies More
Firsthand Technology 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 Firsthand Technology'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 Firsthand Technology Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 6.95 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 2.4 |
Firsthand Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firsthand Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firsthand Technology's standard deviation. In reality, there are many statistical measures that can use Firsthand Technology historical prices to predict the future Firsthand Technology's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0181 | |||
| Treynor Ratio | 0.1144 |
Firsthand Technology Backtested Returns
Firsthand Technology appears to be somewhat reliable, given 3 months investment horizon. Firsthand Technology secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Firsthand Technology Opportunities, which you can use to evaluate the volatility of the entity. Please utilize Firsthand Technology's Downside Deviation of 1.94, mean deviation of 1.12, and Coefficient Of Variation of 873.33 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.42, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Firsthand Technology will likely underperform.
Auto-correlation | 0.63 |
Good predictability
Firsthand Technology Opportunities has good predictability. Overlapping area represents the amount of predictability between Firsthand Technology time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Firsthand Technology price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Firsthand Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Firsthand Technology lagged returns against current returns
Autocorrelation, which is Firsthand Technology 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 Firsthand Technology's mutual fund expected returns. We can calculate the autocorrelation of Firsthand Technology returns to help us make a trade decision. For example, suppose you find that Firsthand Technology 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 |
Firsthand Technology 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 Firsthand Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firsthand Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firsthand Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Firsthand Technology Lagged Returns
When evaluating Firsthand Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firsthand Technology mutual fund have on its future price. Firsthand Technology 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, Firsthand Technology autocorrelation shows the relationship between Firsthand Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Firsthand Technology Opportunities.
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 FIRSTHAND Mutual Fund
Firsthand Technology financial ratios help investors to determine whether FIRSTHAND 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 FIRSTHAND with respect to the benefits of owning Firsthand Technology security.
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