|FKO -- USA Etf|| |
USD 26.39 1.05 3.83%
The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and First Trust are completely uncorrelated. Even though it is essential to pay attention to First Trust South
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. First Trust South Korea AlphaDEX ETF exposes twenty-six different technical indicators which can help you to evaluate its performance.
First Trust South Relative Risk vs. Return Landscape
If you would invest 2,866
in First Trust South Korea AlphaDEX ETF on May 20, 2018
and sell it today you would lose (122.10)
from holding First Trust South Korea AlphaDEX ETF or give up 4.26%
of portfolio value over 30
days. First Trust South Korea AlphaDEX ETF is generating negative expected returns assuming volatility of 0.9305% on return distribution over 30 days investment horizon. In other words, 8% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
First Trust Market Risk Analysis
Sharpe Ratio = -0.2293
First Trust Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average First Trust is performing at about 0% 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
Over the last 30 days First Trust South Korea AlphaDEX ETF has generated negative risk-adjusted returns adding no value to investors with long positions.