First Trust Indxx Etf Market Value

FHE Etf  CAD 11.53  0.00  0.00%   
First Trust's market value is the price at which a share of First Trust trades on a public exchange. It measures the collective expectations of First Trust Indxx investors about its performance. First Trust is selling at 11.53 as of the 27th of November 2024; that is No Change since the beginning of the trading day. The etf's open price was 11.53.
With this module, you can estimate the performance of a buy and hold strategy of First Trust Indxx and determine expected loss or profit from investing in First Trust over a given investment horizon. Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
Symbol

Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

First Trust 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Trust's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Trust.
0.00
08/29/2024
No Change 0.00  0.0 
In 3 months and 1 day
11/27/2024
0.00
If you would invest  0.00  in First Trust on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding First Trust Indxx or generate 0.0% return on investment in First Trust over 90 days. First Trust is related to or competes with First Trust, First Trust, First Trust, First Trust, First Trust, First Trust, and First Trust. The First Trust ETF seeks to replicate, to the extent possible, the performance of the StrataQuant Energy Index , net of... More

First Trust Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Trust's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Trust Indxx upside and downside potential and time the market with a certain degree of confidence.

First Trust Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.
Hype
Prediction
LowEstimatedHigh
11.1811.5311.88
Details
Intrinsic
Valuation
LowRealHigh
10.5710.9212.68
Details
Naive
Forecast
LowNextHigh
11.1611.5111.85
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.4511.5711.70
Details

First Trust Indxx Backtested Returns

As of now, First Etf is very steady. First Trust Indxx secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of risk over the last 3 months. We have found eighteen technical indicators for First Trust Indxx, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Mean Deviation of 0.1409, standard deviation of 0.3474, and Variance of 0.1207 to check if the risk estimate we provide is consistent with the expected return of 0.0561%. The etf shows a Beta (market volatility) of -0.0709, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Trust are expected to decrease at a much lower rate. During the bear market, First Trust is likely to outperform the market.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

First Trust Indxx has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Trust time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Trust Indxx price movement. The serial correlation of -0.14 indicates that less than 14.0% of current First Trust price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.0

First Trust Indxx lagged returns against current returns

Autocorrelation, which is First Trust etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting First Trust's etf expected returns. We can calculate the autocorrelation of First Trust returns to help us make a trade decision. For example, suppose you find that First Trust has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

First Trust regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If First Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust etf over time.
   Current vs Lagged Prices   
       Timeline  

First Trust Lagged Returns

When evaluating First Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Trust etf have on its future price. First Trust autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, First Trust autocorrelation shows the relationship between First Trust etf current value and its past values and can show if there is a momentum factor associated with investing in First Trust Indxx.
   Regressed Prices   
       Timeline  

Pair Trading with First Trust

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.

Moving against First Etf

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The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust Indxx to buy it.
The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Indxx moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether First Trust Indxx is a strong investment it is important to analyze First Trust's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Trust's future performance. For an informed investment choice regarding First Etf, refer to the following important reports:
Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
First Trust technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of First Trust technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Trust trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...