First Trust Senior Etf Probability of Future Etf Price Finishing Over 10.34
| FCT Etf | USD 10.44 0.04 0.38% |
First |
First Trust Target Price Odds to finish over 10.34
The tendency of First Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 10.34 in 90 days |
| 10.44 | 90 days | 10.34 | about 9.68 |
Based on a normal probability distribution, the odds of First Trust to stay above $ 10.34 in 90 days from now is about 9.68 (This First Trust Senior probability density function shows the probability of First Etf to fall within a particular range of prices over 90 days) . Probability of First Trust Senior price to stay between $ 10.34 and its current price of $10.44 at the end of the 90-day period is about 8.61 .
Considering the 90-day investment horizon First Trust has a beta of 0.0806. This usually indicates as returns on the market go up, First Trust average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding First Trust Senior will be expected to be much smaller as well. Additionally First Trust Senior has an alpha of 0.0516, implying that it can generate a 0.0516 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). First Trust Price Density |
| Price |
Predictive Modules for First Trust
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as First Trust Senior. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
First Trust Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. First Trust is not an exception. The market had few large corrections towards the First Trust's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold First Trust Senior, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of First Trust within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | -0.12 |
First Trust Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of First Trust for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for First Trust Senior can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| First Trust Senior has 116 M in debt with debt to equity (D/E) ratio of 0.39, which is OK given its current industry classification. First Trust Senior has a current ratio of 0.11, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist First Trust until it has trouble settling it off, either with new capital or with free cash flow. So, First Trust's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trust Senior sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trust's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 20.08 M. Reported Net Loss for the year was (11.08 M) with profit before taxes, overhead, and interest of 20.08 M. | |
| Over 80.0% of First Trust shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Fries Scott D of 428 shares of First Trust at 11.69 subject to Rule 16b-3 |
First Trust Technical Analysis
First Trust's future price can be derived by breaking down and analyzing its technical indicators over time. First Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of First Trust Senior. In general, you should focus on analyzing First Etf price patterns and their correlations with different microeconomic environments and drivers.
First Trust Predictive Forecast Models
First Trust's time-series forecasting models is one of many First Trust's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary First Trust's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about First Trust Senior
Checking the ongoing alerts about First Trust for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for First Trust Senior help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| First Trust Senior has 116 M in debt with debt to equity (D/E) ratio of 0.39, which is OK given its current industry classification. First Trust Senior has a current ratio of 0.11, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist First Trust until it has trouble settling it off, either with new capital or with free cash flow. So, First Trust's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trust Senior sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trust's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 20.08 M. Reported Net Loss for the year was (11.08 M) with profit before taxes, overhead, and interest of 20.08 M. | |
| Over 80.0% of First Trust shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Fries Scott D of 428 shares of First Trust at 11.69 subject to Rule 16b-3 |
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The market value of First Trust Senior is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.