First Trust's market value is the price at which a share of First Trust stock trades on a public exchange. It measures the collective expectations of First Trust Nasdaq investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of First Trust Nasdaq and determine expected loss or profit from investing in First Trust over a given investment horizon. Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
The market value of First Trust Nasdaq 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.
First Trust 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Trust's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Trust.
No Change 0.00
In 3 months and 1 day
If you would invest 0.00 in First Trust on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding First Trust Nasdaq or generate 0.0% return on investment in First Trust over 90 days. First Trust is related to or competes with First Trust. The fund will normally invest at least 90 percent of its net assets in the common stocks and depository receipts that co... More
First Trust Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Trust's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Trust Nasdaq upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of First Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of First Trust in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as First Trust. Your research has to be compared to or analyzed against First Trust's peers to derive any actionable benefits. When done correctly, First Trust's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in First Trust Nasdaq.
First Trust Nasdaq Backtested Returns
We consider First Trust very steady. First Trust Nasdaq secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the etf had 0.11% return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of an etf is to use all available market data together with etf-specific technical indicators that cannot be diversified away. We have found thirty technical indicators for First Trust Nasdaq, which you can use to evaluate the future volatility of the entity. Please confirm First Trust's Coefficient Of Variation of 612.51, downside deviation of 1.34, and Mean Deviation of 0.984 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The etf shows a Beta (market volatility) of 1.42, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Trust will likely underperform. Although it is important to respect First Trust Nasdaq historical returns, it is better to be realistic regarding the information on the equity's current trending patterns.
Virtually no predictability
First Trust Nasdaq has virtually no predictability. Overlapping area represents the amount of predictability between First Trust time series from 1st of December 2023 to 15th of January 2024 and 15th of January 2024 to 29th of February 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Trust Nasdaq price movement. The serial correlation of 0.02 indicates that only 2.0% of current First Trust price fluctuation can be explain by its past prices.
Spearman Rank Test
First Trust Nasdaq lagged returns against current returns
Autocorrelation, which is First Trust etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting First Trust's etf expected returns. We can calculate the autocorrelation of First Trust returns to help us make a trade decision. For example, suppose you find that First Trust etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values
First Trust regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If First Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust etf over time.
Current vs Lagged Prices
First Trust Lagged Returns
When evaluating First Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Trust etf have on its future price. First Trust autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, First Trust autocorrelation shows the relationship between First Trust etf current value and its past values and can show if there is a momentum factor associated with investing in First Trust Nasdaq.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
When determining whether First Trust Nasdaq is a strong investment it is important to analyze First Trust's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Trust's future performance. For an informed investment choice regarding First Etf, refer to the following important reports:
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for First Etf analysis
When running First Trust's price analysis, check to measure First Trust's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Trust is operating at the current time. Most of First Trust's value examination focuses on studying past and present price action to predict the probability of First Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Trust's price. Additionally, you may evaluate how the addition of First Trust to your portfolios can decrease your overall portfolio volatility.
Use AI to screen and filter profitable investment opportunities
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.
A focus of First Trust technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Trust trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk
associated with market volatility, economic swings, and company-specific events. View terms and conditions