First Trustconfluence Small Fund Price on January 27, 2023
| FOVIX Fund | USD 33.50 0.09 0.27% |
Below is the normalized historical share price chart for First Trustconfluence Small extending back to January 13, 2011. 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 Trustconfluence stands at 33.50, as last reported on the 29th of November, with the highest price reaching 33.50 and the lowest price hitting 33.50 during the day.
If you're considering investing in First Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider First Mutual Fund to be very steady. First Trustconfluence secures Sharpe Ratio (or Efficiency) of 0.0735, which denotes the fund had a 0.0735% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Trustconfluence Small, which you can use to evaluate the volatility of the entity. Please confirm First Trustconfluence's Coefficient Of Variation of 2113.32, mean deviation of 0.8261, and Downside Deviation of 0.9896 to check if the risk estimate we provide is consistent with the expected return of 0.0783%.
First Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
First |
Sharpe Ratio = 0.0735
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| Cash | FOVIX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average First Trustconfluence is performing at about 5% 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 Trustconfluence by adding it to a well-diversified portfolio.
First Trustconfluence Valuation on January 27, 2023
It is possible to determine the worth of First Trustconfluence on a given historical date. On January 27, 2023 First was worth 30.9 at the beginning of the trading date compared to the closed value of 30.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of First Trustconfluence mutual fund. Still, in general, we apply an absolute valuation method to find First Trustconfluence'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 Trustconfluence where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against First Trustconfluence's related companies.
| Open | High | Low | Close | Volume | |
| 30.66 | 30.66 | 30.66 | 30.66 | 1.00 | |
01/27/2023 | 30.90 | 30.90 | 30.90 | 30.90 | 1.00 |
| 30.53 | 30.53 | 30.53 | 30.53 | 1.00 |
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First Trustconfluence Trading Date Momentum on January 27, 2023
| On January 30 2023 First Trustconfluence Small was traded for 30.53 at the closing time. The highest daily price throughout the period was 30.53 and the lowest price was 30.53 . There was no trading activity during the period 1.0. Lack of trading volume on 01/30/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.20% . The overall trading delta to current closing price is 3.04% . |
First Trustconfluence Fundamentals Correlations and Trends
By evaluating First Trustconfluence'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 Trustconfluence'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 Trustconfluence Mutual Fund history
First Trustconfluence 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 Trustconfluence 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 Trustconfluence stock prices may prove useful in developing a viable investing in First Trustconfluence
The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in equity securities of U.S. listed companies with small market capitalizations at the time of investment. Currently, a company will be considered to be a Small-Cap Company if its market capitalization at the time of purchase is within the range of companies in the Russell 2000 Index or the SP SmallCap 600 Index during the most recent 12-month period .
First Trustconfluence Mutual Fund Technical Analysis
First Trustconfluence technical mutual 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 Trustconfluence Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
First Trustconfluence Small cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS 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 Trustconfluence November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how First Trustconfluence mutual 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 Trustconfluence shares will generate the highest return on investment. By undertsting and applying First Trustconfluence mutual fund market strength indicators, traders can identify First Trustconfluence Small entry and exit signals to maximize returns
First Trustconfluence Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for First Trustconfluence's price direction in advance. Along with the technical and fundamental analysis of First Mutual 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 | 0.0392 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0368 |
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Other Information on Investing in First Mutual Fund
First Trustconfluence financial ratios help investors to determine whether First Mutual 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 Trustconfluence security.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |