First Mutual Fund Manager Performance Evaluation

The fund shows a Beta (market volatility) of -0.1726, which means not very significant fluctuations relative to the market. Let's try to break down what First's beta means in this case. As returns on the market increase, returns on owning First Trust are expected to decrease at a much lower rate. During the bear market, First Trust is likely to outperform the market. Although it is important to respect First Trust New historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing First Trust New technical indicators, you can presently evaluate if the expected return of 0.0495% will be sustainable into the future.
  
First Performance
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Over the last 90 days First Trust New has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong essential indicators, First Trust is not utilizing all of its potentials. The new stock price disturbance, may contribute to short-term losses for the investors.
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First Trust Relative Risk vs. Return Landscape

If you would invest  711.00  in First Trust New on November 1, 2022 and sell it today you would earn a total of  17.00  from holding First Trust New or generate 2.39% return on investment over 90 days. First Trust New is currently producing 0.0495% returns and takes up 1.3862% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than First, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon First Trust is expected to generate 2.65 times less return on investment than the market. In addition to that, the company is 1.23 times more volatile than its market benchmark. It trades about 0.04 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 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 mutual funds, such as First Trust New, 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 = 0.0357

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Estimated Market Risk
 1.39
  actual daily
 
 12 %
of total potential
 
1212
Expected Return
 0.05
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 0 %
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00
Risk-Adjusted Return
 0.04
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 2 %
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22
Based on monthly moving average First Trust is performing at about 2% 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.

About First Trust Performance

To evaluate First Trust New Mutual Fund 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 Mutual Fund'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 New 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.

Things to note about First Trust New

Checking the ongoing alerts about First Trust for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for First Trust New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Check out Your Current Watchlist. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for analysis

When running First Trust New 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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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.