Nasdaq Etf Profile

QCLN -  USA Etf  

USD 64.49  1.07  1.69%

Nasdaq Clean is selling for 64.49 as of the 27th of September 2021. This is a 1.69% increase since the beginning of the trading day. The etf's open price was 63.419998. Nasdaq Clean has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nasdaq Clean Edge are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of October 2019 and ending today, the 27th of September 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1

Nasdaq Clean Etf Profile

The investment seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Clean Edge Green Energy IndexSM. Nasdaq Clean is traded on NYSEArca Exchange in the United States. more on Nasdaq Clean
Nasdaq Clean Edge generates negative expected return over the last 90 days
Nasdaq Clean Edge is unlikely to experience financial distress in the next 2 years
The fund maintains 99.92% of its assets in stocks
Legal NameNasdaq Clean Edge
Thematic Classifications
Active investing themes Nasdaq currently participates. (view all). An investing theme is an unweighted collection of funds, stocks, ETFs or cryptocurrencies
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Nasdaq Clean's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssuerFirst Trust
DescriptionFirst Trust NASDAQ Clean Edge Green Energy Index Fund
Inception Date2007-02-08
BenchmarkNASDAQ Clean Edge Green Energy Index
Entity TypeRegulated Investment Company
Asset Under Management2.54 Billion
Average Trading Valume224,418
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorThe Bank of New York Mellon Corporation
AdvisorFirst Trust Advisors L.P.
CustodianThe Bank of New York Mellon Corporation
DistributorFirst Trust Portfolios L.P.
Portfolio ManagerDaniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-May
ExchangeNASDAQ
Number of Constituents60.0
Market MakerDeutsche Bank
Total Expense0.66
Management Fee0.4
Nav Price65.68
Two Hundred Day Average65.04
Ytd-1.44%
Average Daily Volume In Three Month287.48k
Fifty Two Week Low37.83
As Of Date30th of June 2021
Average Daily Volume Last 10 Day218.43k
Fifty Two Week High90.0
One Month10.77%
Fifty Day Average66.13
Three Month0.90%
Nasdaq Clean Edge [QCLN] is traded in USA and was established 2007-02-08. The fund is listed under Miscellaneous Sector category and is part of First Trust family. The entity is thematically classified as Disruptive Technologies. Nasdaq Clean Edge at this time have 2.81 B in assets. , while the total return for the last 3 years was 53.71%.
Check Nasdaq Clean Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Nasdaq Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Nasdaq Clean , and the less return is expected.

Top Nasdaq Clean Edge Constituents

Nasdaq Clean Target Price Odds Analysis

What are Nasdaq Clean's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of Nasdaq Clean jumping above the current price in 90 days from now is about 74.86%. The Nasdaq Clean Edge probability density function shows the probability of Nasdaq Clean etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Nasdaq Clean has a beta of 0.2704 indicating as returns on the market go up, Nasdaq Clean average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nasdaq Clean Edge will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0071, implying that it can generate a 0.007082 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 64.49HorizonTargetOdds Up 64.49 
24.85%90 days
 64.49 
74.86%
Based on a normal probability distribution, the odds of Nasdaq Clean to move above the current price in 90 days from now is about 74.86 (This Nasdaq Clean Edge probability density function shows the probability of Nasdaq Etf to fall within a particular range of prices over 90 days) .

Nasdaq Clean Top Holders

Nasdaq Clean Edge Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nasdaq Clean market risk premium is the additional return an investor will receive from holding Nasdaq Clean long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nasdaq Clean. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nasdaq Clean's alpha and beta are two of the key measurements used to evaluate Nasdaq Clean's performance over the market, the standard measures of volatility play an important role as well.

Nasdaq Clean Edge Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Nasdaq Clean Edge Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Nasdaq Clean price patterns. View also all equity analysis or get more info about inverse tangent over price movement math transform indicator.

Nasdaq Clean Against Markets

Picking the right benchmark for Nasdaq Clean etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nasdaq Clean etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nasdaq Clean is critical whether you are bullish or bearish towards Nasdaq Clean Edge at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nasdaq Clean without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Portfolio Volatility

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Please see Your Equity Center. Note that the Nasdaq Clean Edge information on this page should be used as a complementary analysis to other Nasdaq Clean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Nasdaq Clean Edge price analysis, check to measure Nasdaq Clean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nasdaq Clean is operating at the current time. Most of Nasdaq Clean's value examination focuses on studying past and present price action to predict the probability of Nasdaq Clean's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nasdaq Clean's price. Additionally, you may evaluate how the addition of Nasdaq Clean to your portfolios can decrease your overall portfolio volatility.
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The market value of Nasdaq Clean Edge is measured differently than its book value, which is the value of Nasdaq that is recorded on the company's balance sheet. Investors also form their own opinion of Nasdaq Clean's value that differs from its market value or its book value, called intrinsic value, which is Nasdaq Clean'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 Nasdaq Clean's market value can be influenced by many factors that don't directly affect Nasdaq Clean Edge underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nasdaq Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine Nasdaq Clean value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nasdaq Clean'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.