First Trust Mortgage Fund Price on November 25, 2024
| FMY Fund | USD 12.29 0.08 0.66% |
Below is the normalized historical share price chart for First Trust Mortgage extending back to May 26, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of First Trust stands at 12.29, as last reported on the 29th of November, with the highest price reaching 12.31 and the lowest price hitting 12.20 during the day.
If you're considering investing in First Fund, it is important to understand the factors that can impact its price. At this stage we consider First Fund to be very steady. First Trust Mortgage secures Sharpe Ratio (or Efficiency) of 0.0392, which denotes the fund had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Trust Mortgage, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Downside Deviation of 0.6801, coefficient of variation of 3958.52, and Mean Deviation of 0.5391 to check if the risk estimate we provide is consistent with the expected return of 0.0271%.
First Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
First |
Sharpe Ratio = 0.0392
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FMY |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average First Trust is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Trust by adding it to a well-diversified portfolio.
Market Capitalization 54.9 M |
Related Headline
BlackRock Capital Headline on 25th of November 2024
Disposition of 16816 shares by Saba Capital Management, L.p.... by MacroaxisInsider
Filed transaction by BlackRock Capital Allocation 10 Percent Owner. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
First Trust Valuation on November 25, 2024
It is possible to determine the worth of First Trust on a given historical date. On November 25, 2024 First was worth 12.04 at the beginning of the trading date compared to the closed value of 12.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of First Trust fund. Still, in general, we apply an absolute valuation method to find First Trust's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of First Trust where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against First Trust's related companies.
| Open | High | Low | Close | Volume | |
| 11.95 | 11.98 | 11.94 | 11.98 | 13,672 | |
11/25/2024 | 12.04 | 12.25 | 11.98 | 12.25 | 13,504 |
| 12.19 | 12.21 | 11.98 | 12.21 | 4,496 |
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First Trust Trading Date Momentum on November 25, 2024
| On November 26 2024 First Trust Mortgage was traded for 12.21 at the closing time. Highest First Trust's price during the trading hours was 12.21 and the lowest price during the day was 11.98 . The net volume was 4.5 K. The overall trading history on the 26th of November contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.33% . The overall trading delta to current price is 0.41% . |
First Trust Mortgage Fundamentals Correlations and Trends
By evaluating First Trust's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among First Trust's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. First financial account trend analysis is a perfect complement when working with valuation or volatility modules.About First Trust Fund history
First Trust investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for First is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in First Trust Mortgage will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing First Trust stock prices may prove useful in developing a viable investing in First Trust
First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities. The fund was formerly known as the First TrustFIDAC Mortgage Income Fund. First Trust Mortgage Income Fund was formed on May 25, 2005 and is domiciled in United States.
First Trust Fund Technical Analysis
First Trust technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
First Trust Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
First Trust Mortgage cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
First Trust November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how First Trust fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Trust shares will generate the highest return on investment. By undertsting and applying First Trust fund market strength indicators, traders can identify First Trust Mortgage entry and exit signals to maximize returns
First Trust Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for First Trust's price direction in advance. Along with the technical and fundamental analysis of First Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of First to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0181 | |||
| Jensen Alpha | 0.0192 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0.07) |
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Other Information on Investing in First Fund
First Trust financial ratios help investors to determine whether First Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Trust security.
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