First Trust/confluence Competition
| FOVAX Fund | USD 23.38 0.08 0.34% |
First Trust/confluence vs Leisure Fund Correlation
Poor diversification
The correlation between First Trustconfluence Small and RYLCX is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trustconfluence Small and RYLCX in the same portfolio, assuming nothing else is changed.
Moving together with First Mutual Fund
First Trust/confluence Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Trust/confluence and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First Trust/confluence does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Mutual Fund performing well and First Trust/confluence Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust/confluence's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMQAX | 0.67 | 0.10 | 0.05 | 0.40 | 0.54 | 1.72 | 3.89 | |||
| EMQIX | 0.67 | 0.09 | 0.07 | 0.22 | 0.52 | 1.70 | 3.84 | |||
| HNRGX | 0.93 | 0.20 | 0.14 | 0.54 | 0.83 | 2.19 | 5.75 | |||
| XOEF | 0.62 | 0.09 | 0.01 | 0.59 | 0.65 | 1.36 | 3.00 | |||
| HBFBX | 0.27 | 0.04 | (0.09) | 0.27 | 0.14 | 0.63 | 1.92 | |||
| GWILX | 1.60 | (0.74) | 0.00 | (0.53) | 0.00 | 1.61 | 50.83 | |||
| GOPIX | 0.63 | 0.18 | 0.09 | 22.00 | 0.43 | 1.86 | 4.22 | |||
| EBUF | 0.23 | 0.02 | (0.18) | 0.20 | 0.07 | 0.57 | 1.20 | |||
| RYFIX | 0.63 | (0.03) | (0.04) | 0.07 | 0.83 | 1.32 | 4.22 | |||
| RYLCX | 0.64 | (0.09) | 0.00 | (0.02) | 0.00 | 1.20 | 4.02 |
First Trust/confluence Competitive Analysis
The better you understand First Trust/confluence competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Trust/confluence's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First Trust/confluence's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
First Trust/confluence Competition Performance Charts
Five steps to successful analysis of First Trust/confluence Competition
First Trust/confluence's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First Trust/confluence in relation to its competition. First Trust/confluence's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of First Trust/confluence in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First Trust/confluence's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Trust/confluence, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Financials ETFs
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Other Information on Investing in First Mutual Fund
First Trust/confluence financial ratios help investors to determine whether First Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Trust/confluence security.
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