First Asset Tech Etf Profile
| TXF Etf | CAD 20.11 0.33 1.67% |
Performance0 of 100
| Odds Of DistressLess than 9
|
First Asset is selling at 20.11 as of the 24th of April 2024; that is 1.67 percent increase since the beginning of the trading day. The etf's open price was 19.78. First Asset has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Asset Tech are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of July 2022 and ending today, the 24th of April 2024. Click here to learn more.
The investment objective of the Tech ETF is to provide Unitholders, through an actively managed portfolio, as described below, with quarterly cash distributions, the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest Technology Companies measured by market capitalization listed on a North American stock exchange and lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly. The company has 0 outstanding shares. More on First Asset Tech
Moving together with First Etf
| 0.63 | ZUH | BMO Equal Weight | PairCorr |
| 0.92 | TEC | TD Global Technology | PairCorr |
Moving against First Etf
| 0.94 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.59 | HED | BetaPro SPTSX Capped | PairCorr |
First 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. First Asset's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Asset or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Sector Equity, First Asset Investment Management Inc (View all Sectors) |
| Updated At | 24th of April 2024 |
First Asset Tech [TXF] is traded in Canada and was established 2011-10-21. The fund is listed under Sector Equity category and is part of First Asset Investment Management Inc family. First Asset Tech at this time have 303.91 M in assets. with the current yeild of 0.09%, while the total return for the last 3 years was 8.5%.
Check First Asset Probability Of Bankruptcy
Top First Asset Tech Etf Constituents
| MU | Micron Technology | Stock | Information Technology |
| INTU | Intuit Inc | Stock | Information Technology |
| SNPS | Synopsys | Stock | Information Technology |
| ADBE | Adobe Systems Incorporated | Stock | Information Technology |
| INTC | Intel | Stock | Information Technology |
| AMAT | Applied Materials | Stock | Information Technology |
| GOOGL | Alphabet Inc Class A | Stock | Communication Services |
First Asset Target Price Odds Analysis
Contingent on a normal probability distribution, the odds of First Asset jumping above the current price in 90 days from now is about 81.7%. The First Asset Tech probability density function shows the probability of First Asset etf to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the etf has a beta coefficient of 1.1044. This usually implies First Asset Tech market returns are highly reactive to returns on the market. As the market goes up or down, First Asset is expected to follow. Additionally, first Asset Tech 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 Asset to move above the current price in 90 days from now is about 81.7 (This First Asset Tech probability density function shows the probability of First Etf to fall within a particular range of prices over 90 days) .
First Asset Tech Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. First Asset market risk premium is the additional return an investor will receive from holding First Asset 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 Asset. 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 Asset's alpha and beta are two of the key measurements used to evaluate First Asset's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.978 | |||
| Semi Deviation | 1.24 | |||
| Standard Deviation | 1.2 | |||
| Variance | 1.45 |
First Asset Tech Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. First Asset Tech Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe First Asset price patterns.
First Asset Against Markets
Picking the right benchmark for First Asset 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 First Asset 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 First Asset is critical whether you are bullish or bearish towards First Asset Tech at a given time. Please also check how First Asset'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 Asset 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 Etf?
Before investing in First Asset, 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 Asset. To buy First Asset etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Asset. 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 Asset etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located First Asset Tech 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 First Asset Tech 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 First Asset Tech, 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 First Asset Tech?
The danger of trading First Asset Tech 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 First Asset 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 Asset. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Asset Tech 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 World Market Map to better understand how to build diversified portfolios, which includes a position in First Asset Tech. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the First Asset Tech information on this page should be used as a complementary analysis to other First Asset'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.