First Trust Performance

First Trust Japan AlphaDEX ETF -- USA Etf  

USD 62.54  0.41  0.66%

The organization shows Beta (market volatility) of -0.3658 which denotes to the fact that as returns on market increase, returns on owning First Trust are expected to decrease at a much smaller rate. During bear market, First Trust is likely to outperform the market.. Although it is extremely important to respect First Trust Japan historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy 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 reviewing First Trust Japan technical indicators you can presently evaluate if the expected return of 0.1929% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

First Trust Japan Relative Risk vs. Return Landscape

If you would invest  5,980  in First Trust Japan AlphaDEX ETF on December 20, 2017 and sell it today you would earn a total of  232.88  from holding First Trust Japan AlphaDEX ETF or generate 3.89% return on investment over 30 days. First Trust Japan AlphaDEX ETF is generating 0.1929% of daily returns assuming volatility of 0.6034% on return distribution over 30 days investment horizon. In other words, 5% of equities are less volatile than the company and above 97% of equities are expected to generate higher returns over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering 30-days investment horizon, First Trust Japan AlphaDEX ETF is expected to generate 1.5 times less return on investment than the market. In addition to that, the company is 1.38 times more volatile than its market benchmark. It trades about 0.32 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.66 per unit of volatility.

Price to Book

First Trust Japan Price to Book
Based on latest financial disclosure the price to book indicator of First Trust Japan AlphaDEX ETF is roughly 1.24 times. This is 29.14% lower than that of the First Trust family, and about the same as Japan Stock (which currently averages 1.24) category, The Price to Book for all etfs is 27.84% lower than the firm.
  to Book 
      First Trust Comparables 
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

First Trust Daily Price Distribution

The median price of First Trust for the period between Wed, Dec 20, 2017 and Fri, Jan 19, 2018 is 61.0346 with a coefficient of variation of 2.1. The daily time series for the period is distributed with a sample standard deviation of 1.28, arithmetic mean of 60.99, and mean deviation of 1.18. The Etf did not receive any noticable media coverage during the period.
21 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in First Trust Japan AlphaDEX ETF are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.

One Month Efficiency

First Trust Sharpe Ratio = 0.3197
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Estimated Market Risk

 0.6
  actual daily
 
 95 %
of total potential
  

Expected Return

 0.19
  actual daily
 
 3 %
of total potential
  

Risk-Adjusted Return

 0.32
  actual daily
 
 21 %
of total potential
  
Based on monthly moving average First Trust is performing at about 21% 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.

Dividends

First Trust Japan Dividends Analysis
Check First Trust Japan dividend payout schedule and payment analysis over time. Analyze past dividends calendar and estimate annual dividend income
Check Dividends