First Etf Buy Hold or Sell Recommendation

AAA -  USA Etf  

USD 24.51  0.03  0.12%

Considering the 90-day investment horizon and your bold attitude towards risk, our recommendation regarding First Priority Clo is 'Strong Hold'. Macroaxis provides First Priority buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AAA positions. The advice algorithm takes into account all of First Priority's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from First Priority's buy-and-hold perspective. Please continue to First Priority Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as First and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards First Priority Clo.

Execute First Priority Buy or Sell Advice

The First recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on First Priority Clo. Macroaxis does not own or have any residual interests in First Priority Clo or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute First Priority's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell First PriorityBuy First Priority
Strong Hold

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Very SmallDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon First Priority Clo has a Risk Adjusted Performance of (0.21), Jensen Alpha of (0.039821), Total Risk Alpha of (0.008407) and Treynor Ratio of 2.54
Our investment recommendation module complements current analysts and expert consensus on First Priority. It analyzes the entity potential to grow using all fundamental, technical, and market related data available at the time. Please confirm First Priority Clo total asset, net asset, as well as the relationship between the Net Asset and bond positions weight to decide if your First Priority Clo buy or sell deciscion is justified.

First Priority Trading Alerts and Improvement Suggestions

First Priority Clo generated a negative expected return over the last 90 days
First Priority Clo is unlikely to experience financial distress in the next 2 years
The fund holds about 52.3% of its assets under management (AUM) in fixed income securities

First Priority Returns Distribution Density

The distribution of First Priority's historical returns is an attempt to chart the future uncertainty of First Priority's future price movements. The chart of the probability distribution of First Priority stock daily returns describes the distribution of returns around its average expected value. We use First Priority Clo price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of First Priority returns is essential to provide solid investment advice for First Priority stock.
Mean Return-0.03Value At Risk-0.37
Potential Upside0.16Standard Deviation0.23
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of First Priority historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

First Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as First Priority is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading First Priority Clo backward and forwards among themselves. First Priority's institutional investor refers to the entity that pools money to purchase First Priority's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Beach Point Capital Management LpFund Units100 K2.5 M
Note, although First Priority's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

First Priority Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to First Priority or Alternative Access Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that First Priority stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a First stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.04
β
Beta against DOW-0.01
σ
Overall volatility
0.23
Ir
Information ratio 0.57

First Priority Volatility Alert

First Priority Clo exhibits very low volatility with skewness of 0.18 and kurtosis of 12.38. However, we advise investors to further study First Priority Clo technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure First Priority's etf risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact First Priority's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

First Priority Implied Volatility

First Priority's implied volatility exposes the market's sentiment of First Priority Clo stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if First Priority's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that First Priority stock will not fluctuate a lot when First Priority's options are near their expiration.

First Priority Fundamentals Vs Peers

Comparing First Priority's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze First Priority's direct or indirect competition across all of the common fundamentals between First Priority and the related equities. This way, we can detect undervalued stocks with similar characteristics as First Priority or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of First Priority's fundamental indicators could also be used in its relative valuation, which is a method of valuing First Priority by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare First Priority to competition
FundamentalsFirst PriorityPeer Average
One Year Return(0.57) %(0.97) %
Net Asset9.92 M2.29 B
Last Dividend Paid0.0210.14
Bond Positions Weight52.30 %8.16 %

First Priority Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as First . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution1.24
Daily Balance Of Power0.6
Rate Of Daily Change1.0
Day Median Price24.49
Day Typical Price24.49
Market Facilitation Index1.0E-4
Price Action Indicator0.04

About First Priority Buy or Sell Advice

When is the right time to buy or sell First Priority Clo? Buying financial instruments such as First Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although First Priority investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having First Priority in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Small Blend Thematic Idea Now

Small Blend
Small Blend Theme
Fund or Etfs that invest in stocks of small to mid-sized entities that have characteristics of both growth and value companies. The Small Blend theme has 40 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Blend Theme or any other thematic opportunities.
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Please continue to First Priority Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the First Priority Clo information on this page should be used as a complementary analysis to other First Priority'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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The market value of First Priority Clo 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 Priority's value that differs from its market value or its book value, called intrinsic value, which is First Priority'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 Priority's market value can be influenced by many factors that don't directly affect First Priority'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 Priority's value and its price as these two are different measures arrived at by different means. Investors typically determine First Priority value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Priority'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.