FIRST Etf Performance

QCLN
 Etf
  

CAD 28.01  0.73  2.54%   

The etf shows a Beta (market volatility) of 0.2302, 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, FIRST TRUST returns are expected to increase less than the market. However, during the bear market, the loss on holding FIRST TRUST will be expected to be smaller as well. 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.
  
FIRST Performance
16 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in FIRST TRUST NSDQ are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, FIRST TRUST disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more
Fifty Two Week Low19.00
Fifty Two Week High34.60

FIRST TRUST Relative Risk vs. Return Landscape

If you would invest  2,207  in FIRST TRUST NSDQ on July 2, 2022 and sell it today you would earn a total of  594.00  from holding FIRST TRUST NSDQ or generate 26.91% return on investment over 90 days. FIRST TRUST NSDQ is generating 0.4383% of daily returns and assumes 1.996% volatility on return distribution over the 90 days horizon. Simply put, 17% of etfs are less volatile than FIRST, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon FIRST TRUST is expected to generate 1.73 times more return on investment than the market. However, the company is 1.73 times more volatile than its market benchmark. It trades about 0.22 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

FIRST TRUST Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for FIRST TRUST's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as FIRST TRUST NSDQ, and traders can use it to determine the average amount a FIRST TRUST's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2196

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Estimated Market Risk
 2.0
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.44
  actual daily
 
 8 %
of total potential
 
88
Risk-Adjusted Return
 0.22
  actual daily
 
 16 %
of total potential
 
1616
Based on monthly moving average FIRST TRUST is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of FIRST TRUST by adding it to a well-diversified portfolio.

About FIRST TRUST Performance

To evaluate FIRST TRUST NSDQ Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when FIRST TRUST generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare FIRST Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand FIRST TRUST NSDQ market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents FIRST's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
FIRST TRUST is traded on Toronto Stock Exchange in Canada.

Things to note about FIRST TRUST NSDQ

Checking the ongoing alerts about FIRST TRUST for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for FIRST TRUST NSDQ help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

FIRST TRUST Alerts

Equity Alerts and Improvement Suggestions

FIRST TRUST NSDQ is not currently marked as verified by its exchange. Report It!
Please see Your Equity Center. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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