First Trust Potential Upside
| QJUN ETF | | | USD 33.47 0.06 0.18% |
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
A Potential Upside of 1.01 for First Trust signals modest estimated upside from current levels. First Trust trades near but slightly below the model-derived fair value estimate.
Potential Upside | = | 1PM2PM |
| = | 1.01 | |
| 1PM | = | First upper moment |
| 2PM | = | Second upper moment |
Potential Upside Peers Comparison
Among sector peers, First Trust's Potential Upside of 1.01 is below the 1.01 group average. The range runs from 0.555 (Innovator SAMPP 500) to 2.2 (iShares India 50). First Trust shows greater 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.
First Trust shows nearly
2.60 of Maximum Drawdown per unit of Potential Upside (
1.01 versus
2.63 ). This indicates Maximum Drawdown is significantly higher than Potential Upside for First Trust.
Methodology, Assumptions & Data Sources
First Trust's Potential Upside currently stands at 1.01. This Potential Upside reading for First Trust results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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