First Etf Market Value

MMSC
 Etf
  

USD 15.02  0.44  2.85%   

First Trust's market value is the price at which a share of First Trust stock trades on a public exchange. It measures the collective expectations of First Trust Multi-Manager investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of First Trust Multi-Manager and determine expected loss or profit from investing in First Trust over a given investment horizon. Additionally, see First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
Symbol

The market value of First Trust Multi-Manager is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust'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 First Trust's market value can be influenced by many factors that don't directly affect First Trust'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 First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine First Trust value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust'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 Trust '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 Trust's etf 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 Trust.
0.00
12/16/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/06/2022
0.00
If you would invest  0.00  in First Trust on December 16, 2020 and sell it all today you would earn a total of 0.00 from holding First Trust Multi-Manager or generate 0.0% return on investment in First Trust over 720 days. Under normal market conditions, the fund invests at least 80 percent of its net assets in equity securities issued by sm... More

First Trust 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 Trust's etf 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 Trust Multi-Manager upside and downside potential and time the market with a certain degree of confidence.

First Trust Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust'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 Trust'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 Trust in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
13.1215.0216.92
Details
Intrinsic
Valuation
LowReal ValueHigh
13.0714.9716.87
Details
Naive
Forecast
LowNext ValueHigh
13.4515.3517.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.4415.0015.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Trust. Your research has to be compared to or analyzed against First Trust's peers to derive any actionable benefits. When done correctly, First Trust'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 Trust Multi-Manager.

First Trust Multi-Manager Backtested Returns

First Trust Multi-Manager secures Sharpe Ratio (or Efficiency) of -0.0019, which denotes the etf had -0.0019% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. First Trust Multi-Manager exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm First Trust Multi-Manager Downside Deviation of 1.79, mean deviation of 1.41, and Coefficient Of Variation of 7400.94 to check the risk estimate we provide.
The etf shows a Beta (market volatility) of 1.162, which means a somewhat significant risk relative to the market. Let's try to break down what First's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Trust will likely underperform. Even though it is essential to pay attention to First Trust Multi-Manager historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. First Trust Multi-Manager exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Auto-correlation

    
  0.19  

Very weak predictability

First Trust Multi-Manager has very weak predictability. Overlapping area represents the amount of predictability between First Trust time series from 16th of December 2020 to 11th of December 2021 and 11th of December 2021 to 6th of December 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 Trust Multi-Manager price movement. The serial correlation of 0.19 indicates that over 19.0% of current First Trust price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.01
Residual Average0.0
Price Variance2.2

First Trust Multi-Manager lagged returns against current returns

Autocorrelation, which is First Trust etf'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 Trust's etf expected returns. We can calculate the autocorrelation of First Trust returns to help us make a trade decision. For example, suppose you find that First Trust etf 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust etf over time.
   Current vs Lagged Prices   
Share
       Timeline  

First Trust Lagged Returns

When evaluating First Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Trust etf have on its future price. First Trust 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 Trust autocorrelation shows the relationship between First Trust etf current value and its past values and can show if there is a momentum factor associated with investing in First Trust Multi-Manager.
   Regressed Prices   
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       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Trust in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Trust's short interest history, or implied volatility extrapolated from First Trust options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as First Trust Multi-Manager using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for analysis

When running First Trust Multi-Manager price analysis, check to measure First Trust'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 Trust is operating at the current time. Most of First Trust's value examination focuses on studying past and present price action to predict the probability of First Trust's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Trust's price. Additionally, you may evaluate how the addition of First Trust to your portfolios can decrease your overall portfolio volatility.
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First Trust technical etf 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, etf market cycles, or different charting patterns.
A focus of First Trust technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Trust 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...