Firsthand Technology Opportunities Fund Quote

TEFQX Fund  USD 4.05  0.04  1.00%   

Performance

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Odds Of Distress

Less than 44

 
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Firsthand Technology is trading at 4.05 as of the 28th of March 2024; that is 1.00 percent up since the beginning of the trading day. The fund's open price was 4.01. Firsthand Technology has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Firsthand Technology Opportunities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
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. More on Firsthand Technology Opportunities

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Firsthand Mutual Fund Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Firsthand Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Firsthand Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaTech Funds (View all Themes)
Fund ConcentrationFirsthand Funds, Large Funds, Technology Funds, Tech Funds, Technology, Firsthand Funds, Large, Technology (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date30th of April 2023
Fiscal Year EndDecember
Firsthand Technology Opportunities [TEFQX] is traded in USA and was established 28th of March 2024. Firsthand Technology is listed under Firsthand Funds category by Fama And French industry classification. The fund is listed under Technology category and is part of Firsthand Funds family. The entity is thematically classified as Tech Funds. This fund at this time has accumulated 80.08 M in assets with minimum initial investment of 2 K. Firsthand Technology is currently producing year-to-date (YTD) return of 13.09%, while the total return for the last 3 years was -30.9%.
Check Firsthand Technology Probability Of Bankruptcy

Instrument Allocation

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Firsthand Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Firsthand Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Firsthand Technology Opportunities Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Firsthand Technology Opportunities Mutual Fund Constituents

ADBEAdobe Systems IncorporatedStockInformation Technology
MSFTMicrosoftStockInformation Technology
GOOGAlphabet Class CStockCommunication Services
AMATApplied MaterialsStockInformation Technology
AMZNAmazon IncStockConsumer Discretionary
WDAYWorkdayStockInformation Technology
EQIXEquinixStockReal Estate
More Details

Firsthand Technology Target Price Odds Analysis

Based on a normal probability distribution, the odds of Firsthand Technology jumping above the current price in 90 days from now is about 89.74%. The Firsthand Technology Opportunities probability density function shows the probability of Firsthand Technology mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.9137. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Firsthand Technology will likely underperform. Additionally, firsthand Technology Opportunities has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 4.05HorizonTargetOdds Above 4.05
10.18%90 days
 4.05 
89.74%
Based on a normal probability distribution, the odds of Firsthand Technology to move above the current price in 90 days from now is about 89.74 (This Firsthand Technology Opportunities probability density function shows the probability of Firsthand Mutual Fund to fall within a particular range of prices over 90 days) .

Firsthand Technology Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Firsthand Technology market risk premium is the additional return an investor will receive from holding Firsthand Technology long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Firsthand Technology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Firsthand Technology's alpha and beta are two of the key measurements used to evaluate Firsthand Technology's performance over the market, the standard measures of volatility play an important role as well.

Firsthand Technology Against Markets

Picking the right benchmark for Firsthand Technology mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Firsthand Technology mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Firsthand Technology is critical whether you are bullish or bearish towards Firsthand Technology Opportunities at a given time. Please also check how Firsthand Technology's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Firsthand Technology 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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How to buy Firsthand Mutual Fund?

Before investing in Firsthand Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Firsthand Technology. To buy Firsthand Technology fund, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Firsthand Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Firsthand Technology fund. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Firsthand Technology Opportunities fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Firsthand Technology Opportunities fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Firsthand Technology Opportunities, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Firsthand Technology Opportunities?

The danger of trading Firsthand Technology Opportunities is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Firsthand Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Firsthand Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Firsthand Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Firsthand Technology Opportunities. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Firsthand Technology's price analysis, check to measure Firsthand Technology'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 Firsthand Technology is operating at the current time. Most of Firsthand Technology's value examination focuses on studying past and present price action to predict the probability of Firsthand Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firsthand Technology's price. Additionally, you may evaluate how the addition of Firsthand Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Firsthand Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Firsthand Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Firsthand Technology'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.