First Money Market Fund Market Value

FGXXX
 Fund
  

USD 1.30  0.01  0.78%   

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 Government investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of First American Government and determine expected loss or profit from investing in First American over a given investment horizon. Please check First American Hype Analysis, First American Correlation, Portfolio Optimization, First American Volatility, as well as analyze First American Alpha and Beta and First American Performance.
Symbol
Backtest

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
06/05/2022
No Change 0.00  0.0 
In 30 days
07/05/2022
0.00
If you would invest  0.00  in First American on June 5, 2022 and sell it all today you would earn a total of 0.00 from holding First American Government or generate 0.0% return on investment in First American over 30 days. First American is related to or competes with Chevron Corp. 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 Government 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
0.071.3011.92
Details
Intrinsic
Valuation
LowReal ValueHigh
0.061.1611.78
Details
Naive
Forecast
LowNext ValueHigh
0.0288771.4412.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.350.941.53
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 Government.

First American Government Backtested Returns

First American is out of control given 3 months investment horizon. First American Government secures Sharpe Ratio (or Efficiency) of 0.34, which denotes the fund had 0.34% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a fund is to use First American Government market data together with company specific technical indicators. We have analyzed and interpolated twenty-one different technical indicators, which can help you to evaluate if expected returns of 3.62% are justified by taking the suggested risk. Use First American coefficient of variation of 298.69, and Mean Deviation of 5.02 to evaluate company specific risk that cannot be diversified away.
The fund shows a Beta (market volatility) of -0.4431, which means possible diversification benefits within a given portfolio. 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 essential to pay attention to First American Government historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our philosophy towards predicting future potential of any fund is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if First American Government expected return of 3.62 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.

Auto-correlation

    
  0.31  

Below average predictability

First American Government has below average predictability. Overlapping area represents the amount of predictability between First American time series from 5th of June 2022 to 20th of June 2022 and 20th of June 2022 to 5th of July 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 Government 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 Coefficient0.31
Spearman Rank Test1.0
Residual Average0.0
Price Variance0.0

First American Government 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 Government.
 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 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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Please check First American Hype Analysis, First American Correlation, Portfolio Optimization, First American Volatility, as well as analyze First American Alpha and Beta and First American Performance. Note that the First American Government information on this page should be used as a complementary analysis to other First American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for First Money Market Fund analysis

When running First American Government 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, stock 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...