First Trust Competition
| FXL Etf | USD 154.02 2.59 1.71% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of First Trust competition on your existing holdings.
First |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
First Trust Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Trust and its competitors represents the degree of relationship between the price movements of corresponding etfs. 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 Technology does not affect the price movement of the other competitor.
| 0.94 | -0.43 | 0.9 | 0.56 | FXO | ||
| 0.94 | -0.39 | 0.97 | 0.55 | FXR | ||
| -0.43 | -0.39 | -0.29 | -0.07 | FXH | ||
| 0.9 | 0.97 | -0.29 | 0.53 | FXD | ||
| 0.56 | 0.55 | -0.07 | 0.53 | FXN | ||
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High positive correlations
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First Trust Constituents Risk-Adjusted Indicators
There is a big difference between First Etf performing well and First Trust ETF 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FXO | 0.87 | 0.08 | 0.14 | 0.15 | 0.62 | 1.78 | 9.52 | |||
| FXR | 0.78 | 0.06 | 0.09 | 0.14 | 0.64 | 1.90 | 5.58 | |||
| FXH | 0.66 | (0.12) | 0.00 | (0.08) | 0.00 | 1.14 | 3.21 | |||
| FXD | 0.70 | 0.01 | (0.01) | 0.11 | 0.64 | 1.51 | 3.96 | |||
| FXN | 1.09 | (0.01) | (0.01) | 0.09 | 1.39 | 1.91 | 6.33 |
First Trust Competitive Analysis
The better you understand First Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Trust'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'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 Competition Performance Charts
Five steps to successful analysis of First Trust Competition
First Trust'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 Technology in relation to its competition. First Trust's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of First Trust 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's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Trust Technology, 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.
Complement your First Trust position
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Real Estate
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Check out First Trust Correlation with its peers. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of First Trust Technology 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.