First Trust Buywrite Etf Technical Analysis
| FTHI Etf | USD 21.85 0.05 0.23% |
As of the 19th of April, First Trust shows the Coefficient Of Variation of 699.07, mean deviation of 0.3232, and Downside Deviation of 0.466. First Trust BuyWrite 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 have analyze and collected data for nineteen technical drivers for First Trust BuyWrite, which can be compared to its peers. Please confirm First Trust BuyWrite variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if First Trust BuyWrite is priced favorably, providing market reflects its regular price of 21.85 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 BuyWrite Technical Analysis
The output start index for this execution was fifty with a total number of output elements of eleven. 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 BuyWrite volatility. High ATR values indicate high volatility, and low values indicate low volatility.
First Trust BuyWrite Trend Analysis
Use this graph to draw trend lines for First Trust BuyWrite. 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 BuyWrite applied against its price change over selected period. The best fit line has a slop of 0.02 , which means First Trust BuyWrite will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8.92, 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 BuyWrite 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 BuyWrite based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on First Trust BuyWrite price pattern first instead of the macroeconomic environment surrounding First Trust BuyWrite. 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 19, 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 | 0.0836 | |||
| Market Risk Adjusted Performance | 0.0966 | |||
| Mean Deviation | 0.3232 | |||
| Semi Deviation | 0.3528 | |||
| Downside Deviation | 0.466 | |||
| Coefficient Of Variation | 699.07 | |||
| Standard Deviation | 0.4163 | |||
| Variance | 0.1733 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.016 | |||
| Total Risk Alpha | 0.0101 | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0866 | |||
| Maximum Drawdown | 2.04 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.6032 | |||
| Downside Variance | 0.2172 | |||
| Semi Variance | 0.1245 | |||
| Expected Short fall | (0.35) | |||
| Skewness | (0.48) | |||
| Kurtosis | 0.3718 |
First Trust BuyWrite One Year Return
Based on the recorded statements, First Trust BuyWrite has an One Year Return of 17.4%. This is 90.79% higher than that of the First Trust family and significantly higher than that of the Derivative Income 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 BuyWrite. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the First Trust BuyWrite 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
The market value of First Trust BuyWrite 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.