First Trust Correlations

FEM Etf

USD 29.21 0.24 0.81%

The current 90-days correlation between First Trust Emerging and Davis Select Worldwide is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Poor diversification

The correlation between First Trust Emerging and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Emerging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with First Etf

0.94	VWO	Vanguard FTSE Emerging	Pair Corr
0.96	IEMG	iShares Core MSCI	Pair Corr
0.91	EMC	Global X Funds	Pair Corr
0.98	EEM	iShares MSCI Emerging	Pair Corr
0.94	SPEM	SPDR Portfolio Emerging	Pair Corr
0.97	FNDE	Schwab Fundamental Sell-off Trend	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.97	SFGRX	Seafarer Overseas	Pair Corr
0.98	DGS	WisdomTree Emerging	Pair Corr
0.96	XSOE	WisdomTree Emerging	Pair Corr
0.76	VTI	Vanguard Total Stock	Pair Corr
0.73	SPY	SPDR SP 500	Pair Corr
0.73	IVV	iShares Core SP	Pair Corr
0.87	VTV	Vanguard Value Index	Pair Corr
0.77	VO	Vanguard Mid Cap	Pair Corr
0.93	VEA	Vanguard FTSE Developed	Pair Corr
0.82	VB	Vanguard Small Cap	Pair Corr
0.66	MRK	Merck Company Earnings Call Today	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.94	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr

Moving against First Etf

0.81	HPQ	HP Inc Aggressive Push	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.34	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	FNY	FEP	FEMS	FDT	FYC	DWX	FYLD	IEO	DTH	DWLD
FNY		0.84	0.84	0.84	0.92	0.72	0.72	0.25	0.74	0.78	FNY
FEP	0.84		0.91	0.97	0.9	0.96	0.95	0.38	0.97	0.88	FEP
FEMS	0.84	0.91		0.97	0.83	0.86	0.9	0.55	0.87	0.69	FEMS
FDT	0.84	0.97	0.97		0.88	0.93	0.96	0.51	0.95	0.78	FDT
FYC	0.92	0.9	0.83	0.88		0.82	0.83	0.28	0.85	0.9	FYC
DWX	0.72	0.96	0.86	0.93	0.82		0.96	0.43	0.99	0.85	DWX
FYLD	0.72	0.95	0.9	0.96	0.83	0.96		0.57	0.98	0.77	FYLD
IEO	0.25	0.38	0.55	0.51	0.28	0.43	0.57		0.47	0.17	IEO
DTH	0.74	0.97	0.87	0.95	0.85	0.99	0.98	0.47		0.86	DTH
DWLD	0.78	0.88	0.69	0.78	0.9	0.85	0.77	0.17	0.86		DWLD
	FNY	FEP	FEMS	FDT	FYC	DWX	FYLD	IEO	DTH	DWLD

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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
FNY	0.98	(0.04)	(0.02)	0.02	1.25	(0.98)	1.92	(2.05)	5.08
FEP	0.60	0.14	0.15	0.25	0.54	(0.65)	1.46	(1.41)	3.30
FEMS	0.60	0.08	0.08	0.22	0.57	(0.68)	1.28	(0.94)	3.62
FDT	0.61	0.17	0.16	0.30	0.64	(0.63)	1.54	(1.22)	4.51
FYC	1.04	0.04	0.01	0.22	1.21	(1.14)	2.04	(2.10)	5.20
DWX	0.43	0.08	0.06	1.00	0.43	(0.43)	0.85	(0.77)	2.63
FYLD	0.55	0.19	0.24	10.83	0.32	(0.66)	1.33	(0.95)	2.15
IEO	1.17	0.12	0.06	0.59	1.37	(1.22)	2.31	(2.15)	6.27
DTH	0.51	0.15	0.20	1.52	0.28	(0.62)	1.09	(0.80)	2.63
DWLD	0.68	0.04	0.00	0.24	0.87	(0.63)	1.41	(1.54)	4.16

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