FIRST TRUST Total Risk Alpha

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 Etf
  

CAD 28.01  0.73  2.54%   

FIRST TRUST total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for FIRST TRUST NSDQ or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
FIRST TRUST NSDQ has current Total Risk Alpha of 0.4662. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.4662
ER[a] = Expected return on investing in FIRST TRUST
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on FIRST TRUST
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

FIRST Total Risk Alpha Relative To Other Indicators

FIRST TRUST NSDQ is presently regarded as number one ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  23.58  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for FIRST TRUST NSDQ is roughly  23.58 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.

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