First Trust Competition
| RFEU Etf | USD 76.24 0.00 0.00% |
First Trust vs Exchange Listed Correlation
Moving together with First Etf
| 0.91 | VGK | Vanguard FTSE Europe | PairCorr |
| 0.9 | EZU | iShares MSCI Eurozone | PairCorr |
| 0.91 | BBEU | JPMorgan BetaBuilders | PairCorr |
| 0.94 | IEUR | iShares Core MSCI | PairCorr |
| 0.9 | FEZ | SPDR EURO STOXX | PairCorr |
Moving against First Etf
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 RiverFront does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMDV | 0.39 | 0.01 | (0.07) | 0.11 | 0.38 | 0.88 | 3.01 | |||
| SCDS | 0.81 | 0.12 | 0.07 | 0.45 | 0.86 | 1.77 | 4.82 | |||
| BRAZ | 1.10 | 0.35 | 0.18 | 0.52 | 1.43 | 2.53 | 9.07 | |||
| ESIX | 0.80 | 0.06 | 0.02 | 0.25 | 0.84 | 1.93 | 5.10 | |||
| PWER | 0.93 | 0.23 | 0.18 | 0.33 | 0.86 | 2.09 | 4.48 | |||
| UGE | 1.18 | 0.08 | 0.03 | 0.31 | 1.29 | 2.53 | 5.29 | |||
| EZJ | 1.37 | 0.10 | 0.06 | 0.13 | 1.75 | 3.27 | 9.12 | |||
| MCDS | 0.61 | 0.06 | 0.01 | 0.38 | 0.71 | 1.44 | 3.68 | |||
| ESMV | 0.50 | (0.02) | (0.06) | 0.02 | 0.86 | 0.83 | 7.02 | |||
| LQAI | 0.75 | (0.01) | (0.05) | 0.00 | 1.24 | 1.30 | 5.26 |
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 RiverFront 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 RiverFront, 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
In addition to having First Trust in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Small Value Funds Thematic Idea Now
Small Value Funds
Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value Funds theme has 33 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small Value Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Check out First Trust Correlation with its peers.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Investors evaluate First Trust RiverFront using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating First Trust's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause First Trust's market price to deviate significantly from intrinsic value.
It's important to distinguish between First Trust's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding First Trust should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, First Trust's market price signifies the transaction level at which participants voluntarily complete trades.