First Trust Skybridge Etf Performance
| CRPT Etf | USD 19.61 0.27 1.36% |
The etf shows a Beta (market volatility) of 4.73, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, First Trust will likely underperform.
Risk-Adjusted Performance
12 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust SkyBridge are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, First Trust unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Crypterium Trading 129.7 percent Higher This Week | 09/13/2024 |
2 | Crypterium Price Reaches 0.0191 on Exchanges | 09/16/2024 |
3 | Disposition of 2149696 shares by Feinberg Jeff of First Trust at 1. subject to Rule 16b-3 | 10/03/2024 |
4 | Crypterium Trading 162.9 percent Higher Over Last 7 Days | 10/11/2024 |
5 | Crypto Industry ETF Hits New 52-Week High | 11/07/2024 |
6 | 5 Sector ETFs to Gain Under Trump Presidency | 11/14/2024 |
| In Threey Sharp Ratio | 0.15 |
First |
First Trust Relative Risk vs. Return Landscape
If you would invest 1,255 in First Trust SkyBridge on August 24, 2024 and sell it today you would earn a total of 706.00 from holding First Trust SkyBridge or generate 56.25% return on investment over 90 days. First Trust SkyBridge is currently generating 0.836% in daily expected returns and assumes 5.1497% risk (volatility on return distribution) over the 90 days horizon. In different words, 45% of etfs are less volatile than First, and 84% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. 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 SkyBridge, 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 = 0.1623
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Estimated Market Risk
| 5.15 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.84 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average First Trust is performing at about 12% 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.
| Return On Asset | -311.75 | |||
| Shares Outstanding | 30.27 M | |||
| Price To Earning | 0.05 X | |||
| Price To Book | 0.05 X | |||
| Price To Sales | 6.73 X | |||
| Revenue | 4.5 K | |||
| Cash And Equivalents | 31.68 K | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (1.79 M) | |||
| Earnings Per Share | (0.14) X | |||
| Total Asset | 22.03 M | |||
| Retained Earnings | (4 M) | |||
| Current Asset | 67 K | |||
| Current Liabilities | 141 K | |||
About First Trust Performance
Assessing First Trust's fundamental ratios provides investors with valuable insights into First Trust's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the First Trust is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal market conditions, the fund will invest at least 80 percent of its net assets in the common stocks and American Depositary Receipts of Crypto Industry Companies and Digital Economy Companies. FT Skybridge is traded on NYSEARCA Exchange in the United States.| First Trust is way too risky over 90 days horizon | |
| First Trust appears to be risky and price may revert if volatility continues | |
| The company has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist First Trust until it has trouble settling it off, either with new capital or with free cash flow. So, First Trust's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trust SkyBridge sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trust's use of debt, we should always consider it together with cash and equity. | |
| First Trust SkyBridge reported the previous year's revenue of 4.5 K. Net Loss for the year was (3.88 M). | |
| The fund created three year return of -6.0% | |
| Latest headline from zacks.com: 5 Sector ETFs to Gain Under Trump Presidency | |
| First Trust SkyBridge holds 99.94% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Trust SkyBridge. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
The market value of First Trust SkyBridge is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.