First Trust Correlations
| FPLDelisted Fund | USD 6.38 0.09 1.43% |
The current 90-days correlation between First Trust New and First Trust Energy is 0.84 (i.e., Very 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 New moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
First Trust Correlation With Market
Very good diversification
The correlation between First Trust New and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust New and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving together with First Fund
Moving against First Fund
| 0.6 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.45 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.39 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.35 | DD | Dupont De Nemours Sell-off Trend | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIF | 0.98 | 0.15 | (0.02) | (0.16) | 1.17 | 2.11 | 5.78 | |||
| FEI | 0.96 | 0.15 | (0.02) | (0.17) | 1.13 | 1.91 | 6.15 | |||
| IHIT | 0.46 | (0.05) | 0.00 | (1.03) | 0.00 | 1.07 | 2.70 | |||
| IGD | 0.64 | (0.04) | (0.10) | 0.03 | 0.87 | 1.11 | 4.20 | |||
| CII | 0.40 | 0.05 | (0.01) | 0.22 | 0.32 | 1.09 | 2.54 | |||
| FEN | 1.04 | 0.25 | 0.04 | (0.24) | 0.99 | 2.42 | 8.06 | |||
| EICA | 0.21 | 0.02 | (0.34) | 0.59 | 0.09 | 0.47 | 1.72 | |||
| EEA | 0.68 | (0.11) | 0.00 | (12.10) | 0.00 | 1.43 | 4.08 | |||
| JHS | 0.29 | (0.01) | (0.23) | 0.03 | 0.40 | 0.52 | 2.16 | |||
| CBH | 0.13 | 0.03 | (0.37) | 1.09 | 0.00 | 0.22 | 0.78 |
View First Trust Related Equities
| Risk & Return | Correlation |
Still Interested in First Trust New?
Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.