First Etf Performance

Etfs . USA . 
Etf . First Trust Nasdaq
FTXO Etf  USD 20.17  1.43  6.62%   
The etf shows a Beta (market volatility) of 1.8484, which means a somewhat significant risk relative to the market. Let's try to break down what First's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Trust will likely underperform. Even though it is essential to pay attention to First Trust Nasdaq historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. First Trust Nasdaq exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
  

First Performance

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Over the last 90 days First Trust Nasdaq has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Etf's basic indicators remain very healthy which may send shares a bit higher in April 2023. The recent disarray may also be a sign of long period up-swing for the ETF insiders. ...more
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First Trust Nasdaq Bank ETF Short Interest Update03/01/2023
Fifty Two Week Low25.12
Fifty Two Week High37.20

First Trust Relative Risk vs. Return Landscape

If you would invest  2,579  in First Trust Nasdaq on December 23, 2022 and sell it today you would lose (562.00)  from holding First Trust Nasdaq or give up 21.79% of portfolio value over 90 days. First Trust Nasdaq is currently does not generate positive expected returns and assumes 2.5121% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of etfs are less volatile than First, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days First Trust is expected to under-perform the market. In addition to that, the company is 2.61 times more volatile than its market benchmark. It trades about -0.15 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.05 per unit of volatility.

First Trust Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as First Trust Nasdaq, and traders can use it to determine the average amount a First Trust's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1499

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Estimated Market Risk

 2.51
  actual daily
 21 
79% of assets are more volatile
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Expected Return

 -0.38
  actual daily
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Most of other assets have higher returns
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Risk-Adjusted Return

 -0.15
  actual daily
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Most of other assets perform better
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Based on monthly moving average First Trust is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Trust by adding it to a well-diversified portfolio.

First Trust Fundamentals Growth

First Etf prices reflect investors' perceptions of the future prospects and financial health of First Trust, and First Trust fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on First Etf performance.
Total Asset202.04 M

About First Trust Performance

To evaluate First Trust Nasdaq Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when First Trust generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare First Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand First Trust Nasdaq market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents First's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund will normally invest at least 90 percent of its net assets in the common stocks and depository receipts that comprise the underlying index. Nasdaq Bank is traded on NASDAQ Exchange in the United States.

Things to note about First Trust Nasdaq performance evaluation

Checking the ongoing alerts about First Trust for important developments is a great way to find new opportunities for your next move. Etf alerts and notifications screener for First Trust Nasdaq help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
First Trust Nasdaq generated a negative expected return over the last 90 days
First Trust Nasdaq has high likelihood to experience some financial distress in the next 2 years
Latest headline from thelincolnianonline.com: First Trust Nasdaq Bank ETF Short Interest Update
The fund retains 99.44% of its assets under management (AUM) in equities
Evaluating First Trust's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate First Trust's etf performance include:
  • Analyzing First Trust's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether First Trust's stock is overvalued or undervalued compared to its peers.
  • Examining First Trust's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating First Trust's management team can have a significant impact on its success or failure. Reviewing the track record and experience of First Trust's management team can help you assess the ETF's leadership.
  • Pay attention to analyst opinions and ratings of First Trust's etf. These opinions can provide insight into First Trust's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating First Trust's etf performance is not an exact science, and many factors can impact First Trust's etf market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Investing Opportunities. To learn how to invest in First Etf please use our How to Invest in First Trust guide. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for analysis

When running First Trust Nasdaq 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 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.
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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.
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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 First Trust value 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.
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