First Trust Cloud Etf Performance
| SKYY Etf | CAD 30.12 0.04 0.13% |
The etf shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. First Trust returns are very sensitive to returns on the market. As the market goes up or down, First Trust is expected to follow.
Risk-Adjusted Performance
26 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust Cloud are ranked lower than 26 (%) 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 | Should You Invest in the First Trust Cloud Computing ETF - Yahoo Finance | 10/22/2024 |
2 | Cloud Computing ETFs That Won Past Month and Have More Room to Run - MSN | 11/05/2024 |
First |
First Trust Relative Risk vs. Return Landscape
If you would invest 2,281 in First Trust Cloud on September 3, 2024 and sell it today you would earn a total of 731.00 from holding First Trust Cloud or generate 32.05% return on investment over 90 days. First Trust Cloud is generating 0.4441% of daily returns and assumes 1.3419% volatility on return distribution over the 90 days horizon. Simply put, 11% of etfs are less volatile than First, and 92% 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 Cloud, 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 = 0.3309
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Estimated Market Risk
| 1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.33 actual daily | 26 74% of assets perform better |
Based on monthly moving average First Trust is performing at about 26% 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 | 2.21 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 is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: Cloud Computing ETFs That Won Past Month and Have More Room to Run - MSN | |
| First Trust Cloud generated five year return of -7.0% | |
| This fund maintains 99.31% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First Trust Cloud. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.