First Trust Potential Upside
| FTCS ETF | | | USD 93.43 0.46 0.49% |
Potential Upside is the amount of upward price movement an investor or an analyst expects of a particular equity instrument. Below is First Trust's current Potential Upside with peer comparisons and related risk metrics.
Current Potential Upside Value
First Trust registers a Potential Upside of 0.8194, reflecting modest estimated upside from current levels. First Trust trades near but slightly below the model-derived fair value estimate.
Potential Upside | = | 1PM2PM |
| = | 0.8194 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
Potential Upside Peers Comparison
First Trust falls below the 1.47 peer average for Potential Upside. iShares MSCI USA leads at 2.52 while Alpha Architect 1 3 registers the lowest at 0.0518. First Trust shows less estimated upside from current levels than the peer average.
Potential Upside Relative To Other Indicators
The chart below plots Potential Upside against Maximum Drawdown for First Trust and its peers. Each point represents one equity — position along the horizontal axis shows Potential Upside while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Comparing Potential Upside (
0.82 ) to Maximum Drawdown (
3.43 ) for First Trust yields a
4.19 multiple. This indicates Maximum Drawdown is significantly higher than Potential Upside for First Trust.
Methodology, Assumptions & Data Sources
The current Potential Upside for First Trust is 0.8194. Potential Upside for First Trust is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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