First Trust Correlations

Summary

FENDelisted Fund

USD 14.09 0.02 0.14%

The current 90-days correlation between First Trust Energy and First Trust Mlp is 0.76 (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 Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

First Trust Correlation With Market

Significant diversification

The correlation between First Trust Energy and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with First Fund

0.63	SRV	Cushing Mlp Total	Pair Corr
0.65	JPM	JPMorgan Chase	Pair Corr
0.75	MMM	3M Company	Pair Corr

Moving against First Fund

0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.57	MCD	McDonalds Earnings Call This Week	Pair Corr
0.5	VZ	Verizon Communications	Pair Corr
0.49	INTC	Intel	Pair Corr
0.49	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.35	TDF	Templeton Dragon Closed	Pair Corr
0.33	MRK	Merck Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FEI	EICA	EEA	JHS	FPF	FIF	FTF	FOCS	IHTA	JHAA
FEI		0.59	0.03	-0.47	0.12	0.92	0.47	0.44	0.67	0.64	FEI
EICA	0.59		-0.18	-0.44	0.07	0.48	0.74	0.62	0.77	0.73	EICA
EEA	0.03	-0.18		0.42	0.57	0.29	-0.07	-0.52	-0.49	-0.26	EEA
JHS	-0.47	-0.44	0.42		0.25	-0.3	-0.09	-0.32	-0.53	-0.34	JHS
FPF	0.12	0.07	0.57	0.25		0.3	0.37	-0.48	-0.28	-0.24	FPF
FIF	0.92	0.48	0.29	-0.3	0.3		0.4	0.19	0.44	0.43	FIF
FTF	0.47	0.74	-0.07	-0.09	0.37	0.4		0.48	0.59	0.64	FTF
FOCS	0.44	0.62	-0.52	-0.32	-0.48	0.19	0.48		0.83	0.88	FOCS
IHTA	0.67	0.77	-0.49	-0.53	-0.28	0.44	0.59	0.83		0.87	IHTA
JHAA	0.64	0.73	-0.26	-0.34	-0.24	0.43	0.64	0.88	0.87		JHAA
	FEI	EICA	EEA	JHS	FPF	FIF	FTF	FOCS	IHTA	JHAA

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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

FIF	+ 0.92	FEI
JHAA	+ 0.88	FOCS
JHAA	+ 0.87	IHTA
IHTA	+ 0.83	FOCS
IHTA	+ 0.77	EICA
FTF	+ 0.74	EICA

High negative correlations

IHTA	- 0.53	JHS
FOCS	- 0.52	EEA
IHTA	- 0.49	EEA
FOCS	- 0.48	FPF
JHS	- 0.47	FEI
JHS	- 0.44	EICA

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
FEI	0.96	0.08	0.00	0.74	1.13	(1.03)	1.91	(1.87)	6.15
EICA	0.29	0.03	(0.21)	(0.71)	0.23	(0.41)	0.72	(0.63)	2.75
EEA	0.64	(0.01)	(0.10)	(0.02)	0.87	(0.69)	1.56	(1.52)	3.61
JHS	0.38	(0.04)	0.00	(0.74)	0.00	0.00	0.64	(0.97)	2.14
FPF	0.45	(0.03)	(0.14)	(0.03)	0.66	(0.47)	0.98	(1.03)	2.85
FIF	0.98	0.08	0.00	0.78	1.17	(1.00)	2.11	(1.73)	5.78
FTF	0.47	0.04	(0.05)	0.31	0.58	(0.55)	0.95	(0.78)	3.41
FOCS	0.09	0.00	(0.87)	0.32	0.07	(0.10)	0.21	(0.17)	0.56
IHTA	0.23	0.05	(0.09)	(1.16)	0.25	(0.31)	0.68	(0.27)	2.03
JHAA	0.15	0.02	(0.32)	8.45	0.00	(0.20)	0.33	(0.22)	0.96

View First Trust Related Equities

First Trust Mlp Eagle Point Income European Equity Closed John Hancock Income First Trust Intermediate First Trust Energy Franklin Templeton Limited Focus Financial Partners Invesco High Income Nuveen High Income CBH MFS Investment Grade Eaton Vance National Eaton Vance Risk Western Asset High

Risk & Return

Correlation

Still Interested in First Trust Energy?

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