First Money Market Fund Market Value

FGXXX
 Fund
  

USD 1.00  2.67  72.75%   

First American's market value is the price at which a share of First American stock trades on a public exchange. It measures the collective expectations of First American Funds investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of First American Funds and determine expected loss or profit from investing in First American over a given investment horizon. Please check First American Correlation, First American Volatility and First American Alpha and Beta module to complement your research on First American.
Symbol

Please note, there is a significant difference between First American's value and its price as these two are different measures arrived at by different means. Investors typically determine First American value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First American'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 American '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 American's money market 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 American.
0.00
11/03/2022
No Change 0.00  0.0 
In 30 days
12/03/2022
0.00
If you would invest  0.00  in First American on November 3, 2022 and sell it all today you would earn a total of 0.00 from holding First American Funds or generate 0.0% return on investment in First American over 30 days. First American is related to or competes with VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD TOTAL, VANGUARD 500, and VANGUARD 500. More

First American 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 American's money market 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 American Funds upside and downside potential and time the market with a certain degree of confidence.

First American Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for First American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First American's standard deviation. In reality, there are many statistical measures that can use First American historical prices to predict the future First American's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of First American'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. Please use the tools below to analyze the current value of First American in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.051.0010.51
Details
Intrinsic
Valuation
LowReal ValueHigh
0.050.9410.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First American. Your research has to be compared to or analyzed against First American's peers to derive any actionable benefits. When done correctly, First American's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in First American Funds.

First American Funds Backtested Returns

First American appears to be out of control, given 3 months investment horizon. First American Funds secures Sharpe Ratio (or Efficiency) of 0.47, which denotes the fund had 0.47% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. By reviewing First American Funds technical indicators you can presently evaluate if the expected return of 0.98% is justified by implied risk. Please utilize First American's coefficient of variation of (4,889), and Mean Deviation of 2.2 to check if our risk estimates are consistent with your expectations.
The fund shows a Beta (market volatility) of -0.1159, which means not very significant fluctuations relative to the market. Let's try to break down what First's beta means in this case. As returns on the market increase, returns on owning First American are expected to decrease at a much lower rate. During the bear market, First American is likely to outperform the market. Although it is vital to follow First American Funds historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for First American Funds, which you can use to evaluate the performance of the entity.

Auto-correlation

    
  -0.31  

Poor reverse predictability

First American Funds has poor reverse predictability. Overlapping area represents the amount of predictability between First American time series from 3rd of November 2022 to 18th of November 2022 and 18th of November 2022 to 3rd of December 2022. 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 American Funds price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current First American price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test0.1
Residual Average0.0
Price Variance1.05

First American Funds lagged returns against current returns

Autocorrelation, which is First American money market 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 American's money market fund expected returns. We can calculate the autocorrelation of First American returns to help us make a trade decision. For example, suppose you find that First American money market fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

First American 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 American money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First American money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First American money market fund over time.
   Current vs Lagged Prices   
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       Timeline  

First American Lagged Returns

When evaluating First American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First American money market fund have on its future price. First American 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 American autocorrelation shows the relationship between First American money market fund current value and its past values and can show if there is a momentum factor associated with investing in First American Funds.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in First American without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as First American Funds using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check First American Correlation, First American Volatility and First American Alpha and Beta module to complement your research on First American. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running First American Funds price analysis, check to measure First American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First American is operating at the current time. Most of First American's value examination focuses on studying past and present price action to predict the probability of First American's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First American's price. Additionally, you may evaluate how the addition of First American to your portfolios can decrease your overall portfolio volatility.
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First American technical money market fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of First American technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First American trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...