Qtec First Etf Profile

QABA -  USA Etf  

USD 50.56  0.97  1.88%

Market Performance
0 of 100
Odds Of Distress
Less than 39
Qtec First is trading at 50.56 as of the 24th of May 2022, a -1.88 percent decrease since the beginning of the trading day. The etf's open price was 51.53. Qtec First has about a 39 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 Qtec First Trust are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2022 and ending today, the 24th of May 2022. Click here to learn more.
The fund will normally invest at least 90 percent of its net assets in the common stocks that comprise the index. Qtec First is traded on NYSEArca Exchange in the United States. More on Qtec First Trust

Qtec First Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Qtec First's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Qtec First or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Qtec First Trust generated a negative expected return over the last 90 days
The fund maintains 99.89% of its assets in stocks
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Qtec First's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerFirst Trust
DescriptionFirst Trust NASDAQ ABA Community Bank Index Fund
Inception Date2009-06-29
BenchmarkNASDAQ OMX ABA Community Bank Index
Entity TypeRegulated Investment Company
Average Trading Valume25,199.3
Asset TypeEquity
CategorySector
FocusFinancials
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorThe Bank of New York Mellon Corporation
AdvisorFirst Trust Advisors L.P.
CustodianThe Bank of New York Mellon Corporation
DistributorFirst Trust Portfolios L.P.
Portfolio ManagerDaniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNASDAQ
Number of Constituents155
Market MakerRBC Capital Markets
Total Expense0.64
Management Fee0.4
Nav Price50.81
Two Hundred Day Average57.19
Ytd-13.62%
Average Daily Volume In Three Month29.95k
Fifty Two Week Low49.76
As Of Date11th of May 2022
Average Daily Volume Last 10 Day27.41k
Fifty Two Week High63.67
One Month-5.36%
Fifty Day Average54.36
Three Month-14.99%
Beta In Three Year1.05
Qtec First Trust [QABA] is traded in USA and was established 2009-06-29. The fund is listed under Financial category and is part of First Trust family. Qtec First Trust at this time have 107.42 M in assets. , while the total return for the last 3 years was 3.39%.
Check Qtec First Probability Of Bankruptcy

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 Qtec First Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Qtec First , and the less return is expected.

Top Qtec First Trust Constituents

Qtec First Target Price Odds Analysis

What are Qtec First's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Qtec First jumping above the current price in 90 days from now is more than 94.0%. The Qtec First Trust probability density function shows the probability of Qtec First etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Qtec First has a beta of 0.9129 indicating Qtec First Trust market returns are sensitive to returns on the market. As the market goes up or down, Qtec First is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Qtec First Trust is significantly underperforming DOW.
  Odds Below 50.56HorizonTargetOdds Above 50.56
6.23%90 days
 50.56 
93.70%
Based on a normal probability distribution, the odds of Qtec First to move above the current price in 90 days from now is more than 94.0 (This Qtec First Trust probability density function shows the probability of Qtec First Etf to fall within a particular range of prices over 90 days) .

Qtec First Major Institutional Holders

Institutional Holdings refers to the ownership stake in Qtec First that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Qtec First's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Qtec First's value.
InstituionSecurity TypeTotal SharesValue
Morgan StanleyFund Units245.8 K13.8 M
View Qtec First Diagnostics

Qtec First Trust Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Qtec First market risk premium is the additional return an investor will receive from holding Qtec First 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 Qtec First. 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 Qtec First's alpha and beta are two of the key measurements used to evaluate Qtec First's performance over the market, the standard measures of volatility play an important role as well.

Qtec First Trust Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Qtec First Trust Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Qtec First price patterns.
.

Qtec First Against Markets

Picking the right benchmark for Qtec First etf 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 Qtec First etf 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 Qtec First is critical whether you are bullish or bearish towards Qtec First Trust at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Qtec First 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.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

Investing Qtec First Trust

You need to understand the risk of investing before taking a position in Qtec First. The danger of trading Qtec First Trust is mainly related to its market volatility and ETF 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 Qtec First 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 Qtec First. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Qtec First Trust 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.
Please see Your Equity Center. Note that the Qtec First Trust information on this page should be used as a complementary analysis to other Qtec First'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 Bond Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Qtec First Etf analysis

When running Qtec First Trust price analysis, check to measure Qtec First'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 Qtec First is operating at the current time. Most of Qtec First's value examination focuses on studying past and present price action to predict the probability of Qtec First's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Qtec First's price. Additionally, you may evaluate how the addition of Qtec First to your portfolios can decrease your overall portfolio volatility.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
The market value of Qtec First Trust is measured differently than its book value, which is the value of Qtec First that is recorded on the company's balance sheet. Investors also form their own opinion of Qtec First's value that differs from its market value or its book value, called intrinsic value, which is Qtec First's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qtec First's market value can be influenced by many factors that don't directly affect Qtec First's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qtec First's value and its price as these two are different measures arrived at by different means. Investors typically determine Qtec First value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qtec First'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.