First Trust Correlations
| FEIDelisted Fund | USD 8.15 0.07 0.87% |
The current 90-days correlation between First Trust Mlp and Franklin Templeton Limited is -0.15 (i.e., Good diversification). The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
First Trust Correlation With Market
Significant diversification
The correlation between First Trust Mlp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Mlp and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving against First Fund
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.64 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.57 | AA | Alcoa Corp | PairCorr |
| 0.56 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.53 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.5 | FAX | Aberdeen Asia Pacific | PairCorr |
| 0.43 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.38 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.35 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.31 | NEA | Nuveen Amt Free | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Fund performing well and First Trust 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTF | 0.47 | 0.02 | 0.00 | 0.10 | 0.62 | 0.94 | 3.38 | |||
| FSD | 0.46 | 0.15 | 0.19 | (1.12) | 0.41 | 1.07 | 3.17 | |||
| FRA | 0.59 | (0.03) | 0.00 | (0.31) | 0.00 | 1.12 | 3.28 | |||
| LDP | 0.52 | (0.08) | 0.00 | (0.25) | 0.00 | 1.09 | 4.20 | |||
| FEN | 1.04 | 0.16 | 0.12 | 1.64 | 0.99 | 2.42 | 8.06 | |||
| EICA | 0.29 | 0.03 | 0.02 | (0.71) | 0.22 | 0.72 | 2.75 | |||
| EEA | 0.63 | (0.10) | 0.00 | (2.01) | 0.00 | 1.14 | 3.61 | |||
| JHS | 0.39 | (0.03) | 0.00 | (0.25) | 0.00 | 0.72 | 2.20 | |||
| FIF | 0.98 | 0.09 | 0.05 | 4.09 | 1.17 | 2.11 | 5.78 | |||
| IHIT | 0.46 | (0.05) | 0.00 | 0.76 | 0.00 | 1.07 | 2.70 |
View First Trust Related Equities
| Risk & Return | Correlation |
Still Interested in First Trust Mlp?
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