First Trust Related Correlations

FIF Fund

USD 18.31 0.19 1.05%

Generate correlation matrix for First Trust and other related equities to check the degree to which First Trust Energy price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for First Trust Energy. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Energy. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

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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.

Correlations

	TYG	NDP	AIF	IAF	JMM	BLRZF	PYCFF	URNAF
TYG		0.94	0.02	0.81	0.3	0.52	0.7	0.39	TYG
NDP	0.94		0.13	0.77	0.37	0.58	0.83	0.48	NDP
AIF	0.02	0.13		-0.08	0.0	0.37	0.06	0.04	AIF
IAF	0.81	0.77	-0.08		0.53	0.44	0.66	0.25	IAF
JMM	0.3	0.37	0.0	0.53		0.21	0.51	0.21	JMM
BLRZF	0.52	0.58	0.37	0.44	0.21		0.42	0.4	BLRZF
PYCFF	0.7	0.83	0.06	0.66	0.51	0.42		0.43	PYCFF
URNAF	0.39	0.48	0.04	0.25	0.21	0.4	0.43		URNAF
	TYG	NDP	AIF	IAF	JMM	BLRZF	PYCFF	URNAF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NDP	+ 0.94	TYG
PYCFF	+ 0.83	NDP
IAF	+ 0.81	TYG
IAF	+ 0.77	NDP
PYCFF	+ 0.7	TYG
PYCFF	+ 0.66	IAF

High negative correlations

IAF	- 0.08	AIF
JMM	- 0.0	AIF

Risk-Adjusted Indicators

There is a big difference between First Fund performing well and First Trust Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TYG	0.72	0.13	0.15	0.21	0.52	(0.82)	1.95	(1.15)	3.92
NDP	0.70	0.27	0.31	0.50	0.22	(0.84)	2.02	(0.99)	4.59
AIF	0.63	(0.01)	(0.04)	0.05	1.15	(0.64)	1.60	(1.75)	6.84
IAF	0.84	(0.03)	0.00	0.06	1.33	(0.85)	1.45	(1.88)	6.29
JMM	0.40	(0.01)	(0.10)	0.04	0.48	(0.53)	1.02	(1.00)	2.56
BLRZF	34.32	18.04	0.00	(2.21)	0.00	0.00	0.00	0.00	1,150
PYCFF	1.19	0.29	0.00	0.33	0.00	0.00	0.00	0.00	44.00
URNAF	0.64	0.05	(0.02)	(0.03)	1.29	(1.94)	2.34	(1.51)	12.20

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First Trust Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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