First Trust Specialty Fund Quote
| FGB Fund | USD 3.67 0.05 1.38% |
Performance6 of 100
| Odds Of DistressLess than 32
|
First Trust is trading at 3.67 as of the 24th of April 2024, a 1.38 percent increase since the beginning of the trading day. The fund's open price was 3.62. First Trust has about a 32 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for First Trust Specialty are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of April 2023 and ending today, the 24th of April 2024. Click here to learn more.
First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States. The company has 14.37 M outstanding shares of which 20.67 K shares are currently shorted by investors with about 0.38 days to cover. More on First Trust Specialty
Moving together with First Fund
| 0.77 | DNP | Dnp Select Me | PairCorr |
| 0.77 | TDF | Templeton Dragon Closed | PairCorr |
| 0.78 | HTY | John Hancock Tax | PairCorr |
| 0.67 | PEO | Adams Natural Resources | PairCorr |
| 0.64 | VVR | Invesco Senior Me | PairCorr |
| 0.73 | MUI | Blackrock Muni Inter | PairCorr |
| 0.66 | MQY | Blackrock Muniyield | PairCorr |
First Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First Trust's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Trust or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Mark Bradley |
| Fund Concentration | Financial Funds, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
First Trust Specialty [FGB] is traded in USA and was established 24th of April 2024. The fund is not classified under any group at the present time. First Trust Specialty currently has in assets under management (AUM) with no minimum investment requirementsThe fund is currently generating return of 5.69% with the current yeild of 0.02%, while the total return for the last 3 years was 8.57%.
Check First Trust Probability Of Bankruptcy
First Trust Target Price Odds Analysis
What are First Trust's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of First Trust jumping above the current price in 90 days from now is about 14.63%. The First Trust Specialty probability density function shows the probability of First Trust fund to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon First Trust has a beta of 0.7442. This usually indicates as returns on the market go up, First Trust average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding First Trust Specialty will be expected to be much smaller as well. Additionally, first Trust Specialty has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of First Trust to move above the current price in 90 days from now is about 14.63 (This First Trust Specialty probability density function shows the probability of First Fund to fall within a particular range of prices over 90 days) .
First Trust Top Holders
| RDWGX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDWFX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDWEX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDWCX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDWBX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDWAX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
| RDEGX | American Funds Developing | Mutual Fund | Diversified Emerging Mkts |
First Trust Specialty Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. First Trust market risk premium is the additional return an investor will receive from holding First Trust 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 First Trust. 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 First Trust's alpha and beta are two of the key measurements used to evaluate First Trust's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0493 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) |
First Trust Against Markets
Picking the right benchmark for First Trust fund 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 First Trust fund 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 First Trust is critical whether you are bullish or bearish towards First Trust Specialty at a given time. Please also check how First Trust's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in First Trust without increasing your portfolio risk or giving up the 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.Did you try this?
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How to buy First Fund?
Before investing in First Trust, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First Trust. To buy First Trust fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Trust. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase First Trust fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located First Trust Specialty fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased First Trust Specialty fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as First Trust Specialty, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in First Trust Specialty?
The danger of trading First Trust Specialty is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Trust is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Trust. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Trust Specialty is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Specialty. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the First Trust Specialty information on this page should be used as a complementary analysis to other First Trust'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 the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.