First Trust Preferred Fund Market Value
| FPEIX Fund | USD 20.04 0.03 0.15% |
| Symbol | First |
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 mutual fund 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in First Trust on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding First Trust Preferred or generate 0.0% return on investment in First Trust over 30 days. First Trust is related to or competes with Nationwide Growth, Ab Small, Chase Growth, Kinetics Small, Growth Opportunities, T Rowe, and Champlain Mid. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in preferred securities and other securities with similar economic characteristics. 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 mutual fund 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 Preferred upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1321 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 0.7073 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3509 |
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.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 0.017 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.80) | |||
| Treynor Ratio | 0.6125 |
First Trust Preferred Backtested Returns
At this stage we consider First Mutual Fund to be very steady. First Trust Preferred secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Trust Preferred, which you can use to evaluate the volatility of the entity. Please confirm First Trust's Standard Deviation of 0.1601, mean deviation of 0.1239, and Coefficient Of Variation of 508.13 to check if the risk estimate we provide is consistent with the expected return of 0.0273%. The fund shows a Beta (market volatility) of 0.0351, 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.
Auto-correlation | -0.25 |
Weak reverse predictability
First Trust Preferred has weak reverse predictability. Overlapping area represents the amount of predictability between First Trust time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Preferred price movement. The serial correlation of -0.25 indicates that over 25.0% of current First Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Trust Preferred lagged returns against current returns
Autocorrelation, which is First Trust mutual fund'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 mutual fund 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 mutual fund 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust mutual fund 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 mutual fund 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 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in First Trust Preferred.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in First Mutual Fund
First Trust financial ratios help investors to determine whether First Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Trust security.
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