FIRST Etf Market Value

QCLN
 Etf
  

CAD 28.01  0.73  2.54%   

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 NSDQ investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of FIRST TRUST NSDQ and determine expected loss or profit from investing in FIRST TRUST over a given investment horizon. Please see FIRST TRUST Correlation, FIRST TRUST Volatility and FIRST TRUST Alpha and Beta module to complement your research on FIRST TRUST.
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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
08/30/2022
No Change 0.00  0.0 
In 30 days
09/29/2022
0.00
If you would invest  0.00  in FIRST TRUST on August 30, 2022 and sell it all today you would earn a total of 0.00 from holding FIRST TRUST NSDQ or generate 0.0% return on investment in FIRST TRUST over 30 days. FIRST TRUST is traded on Toronto Stock Exchange in Canada. 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 NSDQ 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
0.000.002.00
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Intrinsic
Valuation
LowReal ValueHigh
0.000.002.00
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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 NSDQ.

FIRST TRUST NSDQ Backtested Returns

FIRST TRUST appears to be out of control, given 3 months investment horizon. FIRST TRUST NSDQ secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the etf had 0.22% of return per unit of volatility over the last 3 months. Our approach towards predicting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for FIRST TRUST NSDQ, which you can use to evaluate the future volatility of the entity. Please utilize FIRST TRUST's Mean Deviation of 1.43, market risk adjusted performance of (42.83), and Downside Deviation of 1.82 to check if our risk estimates are consistent with your expectations.
The etf shows a Beta (market volatility) of -0.0087, which means not very significant fluctuations relative to the market. Let's try to break down what FIRST's beta means in this case. As returns on the market increase, returns on owning FIRST TRUST are expected to decrease at a much lower rate. During the bear market, FIRST TRUST is likely to outperform the market. Although it is vital to follow FIRST TRUST NSDQ historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The approach towards predicting future performance of any etf is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating FIRST TRUST NSDQ technical indicators, you can now evaluate if the expected return of 0.44% will be sustainable into the future.

Auto-correlation

    
  0.03  

Virtually no predictability

FIRST TRUST NSDQ has virtually no predictability. Overlapping area represents the amount of predictability between FIRST TRUST time series from 30th of August 2022 to 14th of September 2022 and 14th of September 2022 to 29th of September 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 NSDQ price movement. The serial correlation of 0.03 indicates that only 3.0% of current FIRST TRUST price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test0.29
Residual Average0.0
Price Variance0.08

FIRST TRUST NSDQ 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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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   
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       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 NSDQ.
   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.

Currently Active Assets on Macroaxis

Please 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Other Tools for FIRST Etf

When running FIRST TRUST NSDQ 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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