Tusa Etf Profile
TUSA is trading at 46.48 as of the 24th of April 2024, a No Change since the beginning of the trading day. The etf's open price was 46.48. Equity ratings for TUSA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
TUSA Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TUSA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TUSA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | James Bowen |
| Old Name | First Trust Total US Market AlphaDEX ETF |
| Business Concentration | Mid-Cap Blend, First Trust (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 1.93 |
| Name | First Trust Total US Market AlphaDEX ETF |
| Currency Code | USD |
| In Threey Volatility | 18.25 |
| 1y Volatility | 17.98 |
| 200 Day M A | 48.3763 |
| 50 Day M A | 46.7651 |
| Code | TUSA |
| Updated At | 4th of March 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | 0.16 |
| Type | ETF |
TUSA [TUSA] is traded in USA and was established 2006-12-05. The fund is listed under Mid-Cap Blend category and is part of First Trust family. TUSA at this time have 21.59 M in assets. , while the total return for the last 3 years was 3.2%.
Check TUSA Probability Of Bankruptcy
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 TUSA Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding TUSA Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as TUSA Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top TUSA Etf Constituents
| PFE | Pfizer Inc | Stock | Health Care |
| BIIB | Biogen Inc | Stock | Health Care |
| NEM | Newmont Goldcorp Corp | Stock | Materials |
| SRE | Sempra Energy | Stock | Utilities |
| APTV | Aptiv PLC | Stock | Consumer Discretionary |
| EMN | Eastman Chemical | Stock | Materials |
| SSNC | SSC Technologies Holdings | Stock | Information Technology |
TUSA Target Price Odds Analysis
What are TUSA's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of TUSA jumping above the current price in 90 days from now is about 13.25%. The TUSA probability density function shows the probability of TUSA etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days TUSA has a beta of 0.0772. This usually implies as returns on the market go up, TUSA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TUSA will be expected to be much smaller as well. Additionally, tUSA has an alpha of 0.1868, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of TUSA to move above the current price in 90 days from now is about 13.25 (This TUSA probability density function shows the probability of TUSA Etf to fall within a particular range of prices over 90 days) .
TUSA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. TUSA market risk premium is the additional return an investor will receive from holding TUSA 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 TUSA. 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 TUSA's alpha and beta are two of the key measurements used to evaluate TUSA's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7231 | |||
| Semi Deviation | 0.5371 | |||
| Standard Deviation | 0.9322 | |||
| Variance | 0.8691 |
TUSA Against Markets
Picking the right benchmark for TUSA 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 TUSA 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 TUSA is critical whether you are bullish or bearish towards TUSA at a given time. Please also check how TUSA's historical prices are related to one of the top price index indicators.
TUSA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TUSA etf to make a market-neutral strategy. Peer analysis of TUSA could also be used in its relative valuation, which is a method of valuing TUSA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy TUSA Etf?
Before investing in TUSA, 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 TUSA. To buy TUSA etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TUSA. 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 TUSA etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TUSA etf 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 TUSA etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as TUSA, 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 etf 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 TUSA?
The danger of trading TUSA is mainly related to its market volatility and ETF 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 TUSA 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 TUSA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TUSA 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.
When determining whether TUSA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TUSA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tusa Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Tusa Etf: Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
The market value of TUSA is measured differently than its book value, which is the value of TUSA that is recorded on the company's balance sheet. Investors also form their own opinion of TUSA's value that differs from its market value or its book value, called intrinsic value, which is TUSA'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 TUSA's market value can be influenced by many factors that don't directly affect TUSA'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 TUSA's value and its price as these two are different measures arrived at by different means. Investors typically determine if TUSA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TUSA'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.