First Trust Equity Etf Technical Analysis
| FPX Etf | USD 99.24 0.14 0.14% |
As of the 25th of April, First Trust shows the Downside Deviation of 1.4, mean deviation of 1.14, and Coefficient Of Variation of 1372.15. First Trust Equity technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for First Trust Equity, which can be compared to its peers. Please confirm First Trust Equity variance and potential upside to decide if First Trust Equity is priced favorably, providing market reflects its regular price of 99.24 per share.
First Trust Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
First Trust technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
First Trust Equity Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of First Trust Equity volatility. High ATR values indicate high volatility, and low values indicate low volatility.
First Trust Equity Trend Analysis
Use this graph to draw trend lines for First Trust Equity. You can use it to identify possible trend reversals for First Trust as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual First Trust price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.First Trust Best Fit Change Line
The following chart estimates an ordinary least squares regression model for First Trust Equity applied against its price change over selected period. The best fit line has a slop of 0.05 , which may imply that First Trust Equity will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 111.14, which is the sum of squared deviations for the predicted First Trust price change compared to its average price change.About First Trust Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of First Trust Equity on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of First Trust Equity based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on First Trust Equity price pattern first instead of the macroeconomic environment surrounding First Trust Equity. By analyzing First Trust's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of First Trust's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to First Trust specific price patterns or momentum indicators. Please read more on our technical analysis page.
First Trust April 25, 2024 Technical Indicators
Most technical analysis of First help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for First from various momentum indicators to cycle indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.051 | |||
| Market Risk Adjusted Performance | 0.0642 | |||
| Mean Deviation | 1.14 | |||
| Semi Deviation | 1.29 | |||
| Downside Deviation | 1.4 | |||
| Coefficient Of Variation | 1372.15 | |||
| Standard Deviation | 1.4 | |||
| Variance | 1.97 | |||
| Information Ratio | 0.005 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | 0.0542 | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.09 | |||
| Downside Variance | 1.95 | |||
| Semi Variance | 1.67 | |||
| Expected Short fall | (1.21) | |||
| Skewness | (0.08) | |||
| Kurtosis | (0.54) |
First Trust Equity One Year Return
Based on the recorded statements, First Trust Equity has an One Year Return of 20.7%. This is 126.97% higher than that of the First Trust family and significantly higher than that of the Mid-Cap Growth category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Equity. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of First Trust Equity is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 if First Trust is a good investment 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.