First Trust California Etf Performance

First Trust Relative Risk vs. Return Landscape

If you would invest  4,964  in First Trust California on August 24, 2024 and sell it today you would earn a total of  27.00  from holding First Trust California or generate 0.54% return on investment over 90 days. First Trust California is currently generating 0.009% in daily expected returns and assumes 0.2889% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than First, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.Given the investment horizon of 90 days First Trust is expected to generate 11.22 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.65 times less risky than the market. It trades about 0.03 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.13 of returns per unit of risk over similar time horizon.

First Trust Market Risk Analysis

First Trust Fundamentals Growth

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust California. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

The market value of First Trust California 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.