First Money Market Fund Manager Performance Evaluation

FGXXX
 Fund
  

USD 1.00  0.95  48.72%   

The fund shows a Beta (market volatility) of -0.5142, 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 vital to follow First American Government historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. Our philosophy towards predicting future performance of any fund is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if First American Government expected return of 1.24 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.
  
First Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in First American Government are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly unsteady basic indicators, First American showed solid returns over the last few months and may actually be approaching a breakup point.
...more

First Price Channel

First American Relative Risk vs. Return Landscape

If you would invest  63.00  in First American Government on May 12, 2022 and sell it today you would earn a total of  37.00  from holding First American Government or generate 58.73% return on investment over 90 days. First American Government is currently producing 1.2372% returns and takes up 9.1776% volatility of returns over 90 trading days. Put another way, 79% of traded money market funds are less volatile than First, and 77% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon First American is expected to generate 7.22 times more return on investment than the market. However, the company is 7.22 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

First American Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for First American's investment risk. Standard deviation is the most common way to measure market volatility of money market funds, such as First American Government, and traders can use it to determine the average amount a First American'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 = 0.1348

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsFGXXX
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 9.18
  actual daily
 
 79 %
of total potential
 
7979
Expected Return
 1.24
  actual daily
 
 23 %
of total potential
 
2323
Risk-Adjusted Return
 0.13
  actual daily
 
 10 %
of total potential
 
1010
Based on monthly moving average First American is performing at about 10% 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 First American by adding it to a well-diversified portfolio.

About First American Performance

To evaluate First American Government Money Market Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when First American generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare First Money Market Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand First American Government stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents First's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about First American Government

Checking the ongoing alerts about First American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for First American Government help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

First American Alerts

Equity Alerts and Improvement Suggestions

First American is way too risky over 90 days horizon
First American has some characteristics of a very speculative penny stock
First American appears to be risky and price may revert if volatility continues
On 1st of August 2022 First American paid $ 0.0012 per share dividend to its current shareholders
Please check Investing Opportunities. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
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.