First Trust Dow Etf Performance
| FDN Etf | CAD 27.56 0.05 0.18% |
The etf shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Trust is expected to be smaller as well.
Risk-Adjusted Performance
24 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust Dow are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, First Trust displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | First Trusts FDN Has 251M in Inflows - etf.com | 11/15/2024 |
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First Trust Relative Risk vs. Return Landscape
If you would invest 2,219 in First Trust Dow on August 31, 2024 and sell it today you would earn a total of 537.00 from holding First Trust Dow or generate 24.2% return on investment over 90 days. First Trust Dow is generating 0.3509% of daily returns assuming 1.1345% volatility of returns over the 90 days investment horizon. Simply put, 10% of all etfs have less volatile historical return distribution than First Trust, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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First Trust Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as First Trust Dow, and traders can use it to determine the average amount a First Trust's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3093
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average First Trust is performing at about 24% 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.
First Trust Fundamentals Growth
First Etf prices reflect investors' perceptions of the future prospects and financial health of First Trust, and First Trust fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on First Etf performance.
| Total Asset | 4.88 M | |||
About First Trust Performance
By examining First Trust's fundamental ratios, stakeholders can obtain critical insights into First Trust's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that First Trust is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
First Trust Dow Jones Internet ETF the First Trust ETF seeks to replicate, to the extent possible, the performance of an index of U.S. companies involved in the internet industry, initially the Dow Jones Internet Composite IndexSM. FIRST TRUST is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: First Trusts FDN Has 251M in Inflows - etf.com | |
| First Trust Dow generated five year return of -6.0% | |
| This fund retains 100.14% of its assets under management (AUM) in equities |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Dow. 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.