First Trust Financials
| NOVB-F Etf | CAD 43.62 0.30 0.69% |
First |
The data published in First Trust's official financial statements typically reflect First Trust's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving First Trust's quantitative information. For example, before you start analyzing numbers published by First accountants, it's essential to understand First Trust's liquidity, profitability, and earnings quality within the context of the FT Portfolios Canada Co space in which it operates.
Please note, the presentation of First Trust's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, First Trust's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of First Trust's management manipulating its earnings.
First Trust Etf Summary
First Trust competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, and IShares Canadian. FT CBOE is traded on Toronto Stock Exchange in Canada.| Instrument | Canada Etf |
| Exchange | Toronto Exchange |
| ISIN | CA33740Q2071 |
| Region | Others |
| Investment Issuer | Others |
| Etf Family | FT Portfolios Canada Co |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | CAD - Canadian Dollar |
You should never invest in First Trust without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of First Etf, because this is throwing your money away. Analyzing the key information contained in First Trust's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
First Trust Key Financial Ratios
First Trust's financial ratios allow both analysts and investors to convert raw data from First Trust's financial statements into concise, actionable information that can be used to evaluate the performance of First Trust over time and compare it to other companies across industries.First Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining First Trust's current stock value. Our valuation model uses many indicators to compare First Trust value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Trust competition to find correlations between indicators driving First Trust's intrinsic value. More Info.First Trust Cboe is rated below average in beta as compared to similar ETFs. It is rated below average in one year return as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value First Trust by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Trust's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.First Trust Cboe Systematic Risk
First Trust's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Trust volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on First Trust Cboe correlated with the market. If Beta is less than 0 First Trust generally moves in the opposite direction as compared to the market. If First Trust Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Trust Cboe is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Trust is generally in the same direction as the market. If Beta > 1 First Trust moves generally in the same direction as, but more than the movement of the benchmark.
First Trust November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of First Trust help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Trust Cboe. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Trust Cboe based on widely used predictive technical indicators. In general, we focus on analyzing First Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Trust's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.2726 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.4408 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Trust Cboe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..