First Trust Correlations

FTHY Stock

USD 14.08 0.02 0.14%

The current 90-days correlation between First Trust High and Gabelli Utility Closed is 0.32 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

First Trust Correlation With Market

Very poor diversification

The correlation between First Trust High and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust High and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

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

Moving together with First Stock

0.69	VRTS	Virtus Investment Earnings Call This Week	Pair Corr
0.83	CET	Central Securities Earnings Call This Week	Pair Corr
0.71	ERC	Allspring Multi Sector	Pair Corr
0.84	GAM	General American Inv	Pair Corr
0.65	IQI	Invesco Quality Municipal	Pair Corr
0.66	VGM	Invesco Trust For	Pair Corr
0.71	VKQ	Invesco Municipal Trust	Pair Corr
0.73	VMO	Invesco Municipal	Pair Corr
0.8	ATT	Allianz Technology Trust	Pair Corr
0.61	ZC	Zimtu Capital Corp	Pair Corr
0.85	QRC	Queens Road Capital	Pair Corr
0.85	PCT	Polar Capital Technology	Pair Corr
0.81	BRWM	Blackrock World Mining	Pair Corr
0.83	BSRT	Baker Steel Resources	Pair Corr
0.77	RITM	Rithm Capital Corp Earnings Call This Week	Pair Corr
0.87	AAMI	Acadian Asset Management Earnings Call Tomorrow	Pair Corr
0.63	ATMC	AlphaTime Acquisition	Pair Corr

Moving against First Stock

0.34	LFT	Lument Finance Trust	Pair Corr
0.37	RMMZ	RiverNorth Managed	Pair Corr
0.72	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	CRMMX	GUT	PRPZX	SSQSX	SIVIX	RMT	RSIGX	HNMDX	GUBGX	HRMDX
CRMMX		0.71	0.69	0.48	0.92	0.87	0.88	0.9	0.85	0.89	CRMMX
GUT	0.71		0.48	0.25	0.73	0.76	0.77	0.75	0.78	0.73	GUT
PRPZX	0.69	0.48		0.25	0.61	0.65	0.71	0.68	0.71	0.68	PRPZX
SSQSX	0.48	0.25	0.25		0.62	0.51	0.38	0.49	0.32	0.55	SSQSX
SIVIX	0.92	0.73	0.61	0.62		0.94	0.92	0.97	0.88	0.97	SIVIX
RMT	0.87	0.76	0.65	0.51	0.94		0.95	0.96	0.96	0.96	RMT
RSIGX	0.88	0.77	0.71	0.38	0.92	0.95		0.97	0.98	0.96	RSIGX
HNMDX	0.9	0.75	0.68	0.49	0.97	0.96	0.97		0.95	1.0	HNMDX
GUBGX	0.85	0.78	0.71	0.32	0.88	0.96	0.98	0.95		0.93	GUBGX
HRMDX	0.89	0.73	0.68	0.55	0.97	0.96	0.96	1.0	0.93		HRMDX
	CRMMX	GUT	PRPZX	SSQSX	SIVIX	RMT	RSIGX	HNMDX	GUBGX	HRMDX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Trust Company 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
CRMMX	0.85	0.15	0.19	0.17	0.61	(1.05)	2.11	(1.42)	9.54
GUT	0.64	0.00	(0.04)	0.05	0.94	(0.68)	1.18	(1.00)	5.23
PRPZX	0.64	0.17	0.15	(1.89)	0.59	(0.76)	1.35	(1.33)	3.88
SSQSX	0.83	(0.07)	0.00	(0.02)	0.00	0.00	2.13	(1.89)	6.87
SIVIX	0.79	0.00	0.01	0.05	0.91	(0.83)	2.10	(1.51)	4.56
RMT	0.96	0.13	0.07	0.93	1.04	(1.07)	2.31	(2.10)	4.81
RSIGX	0.62	0.09	0.09	0.17	0.63	(0.65)	1.17	(1.30)	3.54
HNMDX	0.64	0.05	0.06	0.10	0.56	(0.85)	1.72	(1.20)	3.64
GUBGX	0.62	0.10	0.07	0.93	0.65	(0.67)	1.15	(1.33)	3.59
HRMDX	0.62	0.03	0.03	0.09	0.57	(0.82)	1.71	(1.14)	3.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC