FIRST TRUST (UK) Performance
| NOVB Etf | 2,480 11.75 0.48% |
The etf shows a Beta (market volatility) of 0.0833, which means not very significant fluctuations relative to the market. 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
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in FIRST TRUST GLOBAL are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, FIRST TRUST may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | FT Portfolios Canada Co. Announces Estimated 2024 Annual Capital Gains Distributions For Its Exchange Traded Funds - The Manila Times | 11/22/2024 |
FIRST |
FIRST TRUST Relative Risk vs. Return Landscape
If you would invest 227,950 in FIRST TRUST GLOBAL on September 24, 2024 and sell it today you would earn a total of 18,850 from holding FIRST TRUST GLOBAL or generate 8.27% return on investment over 90 days. FIRST TRUST GLOBAL is generating 0.1232% of daily returns and assumes 0.4231% volatility on return distribution over the 90 days horizon. Simply put, 3% of etfs are less volatile than FIRST, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 GLOBAL, 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 = 0.2911
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Estimated Market Risk
| 0.42 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average FIRST TRUST is performing at about 22% 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.