Firsthand Technology Opportunities Fund Manager Performance Evaluation
| TEFQX Fund | USD 3.92 0.03 0.76% |
The fund shows a Beta (market volatility) of 1.44, 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.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Firsthand Technology Opportunities are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Firsthand Technology showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 30th of April 2023 | |
| Expense Ratio | 1.8500 |
FIRSTHAND |
Firsthand Technology Relative Risk vs. Return Landscape
If you would invest 347.00 in Firsthand Technology Opportunities on August 31, 2024 and sell it today you would earn a total of 45.00 from holding Firsthand Technology Opportunities or generate 12.97% return on investment over 90 days. Firsthand Technology Opportunities is currently producing 0.2041% returns and takes up 1.4489% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than FIRSTHAND, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Firsthand Technology Current Valuation
Overvalued
Today
Please note that Firsthand Technology's price fluctuation is somewhat reliable at this time. At this time, the entity appears to be overvalued. Firsthand Technology shows a prevailing Real Value of $3.55 per share. The current price of the fund is $3.92. We determine the value of Firsthand Technology 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 Firsthand Technology is currently traded on the exchange, buyers and sellers on that exchange determine the market value of FIRSTHAND Mutual Fund. However, Firsthand Technology'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 3.92 | Real 3.55 | Hype 3.92 | Naive 3.98 |
The intrinsic value of Firsthand Technology'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 Firsthand Technology'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.
Estimating the potential upside or downside of Firsthand Technology Opportunities helps investors to forecast how FIRSTHAND 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 Firsthand Technology more accurately as focusing exclusively on Firsthand Technology's fundamentals will not take into account other important factors: Firsthand Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firsthand Technology's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Firsthand Technology Opportunities, and traders can use it to determine the average amount a Firsthand Technology'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 = 0.1409
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | TEFQX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Firsthand Technology is performing at about 11% of its full potential. 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 Firsthand Technology by adding it to a well-diversified portfolio.
Firsthand Technology Fundamentals Growth
FIRSTHAND Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Firsthand Technology, and Firsthand Technology 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 FIRSTHAND Mutual Fund performance.
| Price To Earning | 41.92 X | ||||
| Price To Book | 4.81 X | ||||
| Price To Sales | 2.93 X | ||||
About Firsthand Technology Performance
Evaluating Firsthand Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Firsthand Technology 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 Firsthand Technology 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.
The fund invests at least 80 percent of the assets in high-technology companies. The adviser considers a high-technology company to be one that employs a relatively high degree of engineering andor scientific intensity to deliver its products or services. It may purchase stocks of small-, mid-, and large-cap companies. Due to the funds focus on emerging opportunities within the technology sector, its investments tend to include younger companies with market capitalizations in the small- or mid-cap categories. The fund is non-diversified.Things to note about Firsthand Technology performance evaluation
Checking the ongoing alerts about Firsthand Technology for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Firsthand Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Firsthand Technology generated five year return of -10.0% | |
| This fund maintains 99.57% of its assets in stocks |
- Analyzing Firsthand Technology'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 Firsthand Technology's stock is overvalued or undervalued compared to its peers.
- Examining Firsthand Technology'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 Firsthand Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Firsthand Technology's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Firsthand Technology's mutual fund. These opinions can provide insight into Firsthand Technology's potential for growth and whether the stock is currently undervalued or overvalued.
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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