|Horizon||30 Days Login to change|
First Trust Market Sensitivity
|As returns on market increase, First Trust returns are expected to increase less than the market. However during bear market, the loss on holding First Trust will be expected to be smaller as well.One Month Beta |Analyze First Trust Japan Demand TrendCheck current 30 days First Trust correlation with market (DOW)|
β = 0.1602
First Trust Japan Technical Analysis
First Trust Projected Return Density Against MarketConsidering 30-days investment horizon, First Trust has beta of 0.1602 suggesting as returns on market go up, First Trust average returns are expected to increase less than the benchmark. However during bear market, the loss on holding First Trust Japan AlphaDEX ETF will be expected to be much smaller as well. Additionally, First Trust Japan AlphaDEX ETF has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
First Trust Return VolatilityFirst Trust Japan AlphaDEX ETF has volatility of 1.2377% on return distribution over 30 days investment horizon. DOW inherits 1.0479% risk (volatility on return distribution) over the 30 days horizon.