First Trust Senior Etf Performance
| FCT Etf | USD 10.40 0.03 0.29% |
The etf shows a Beta (market volatility) of 0.0806, 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.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust Senior are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable fundamental indicators, First Trust is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors. ...more
1 | Disposition of tradable shares by Urevig Katherine L of First Trust subject to Rule 16b-3 | 09/13/2024 |
2 | We Think FirstWave Cloud Technology Has A Fair Chunk Of Debt | 09/16/2024 |
3 | Short Interest in First Trust Senior Floating Rate Income Fund II Expands By 6.3 | 09/19/2024 |
4 | First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of 0.097 Per Share for November | 10/21/2024 |
5 | Insider Trading | 11/13/2024 |
6 | First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of 0.097 Per Share for December | 11/20/2024 |
7 | Acquisition by Fries Scott D of 428 shares of First Trust at 11.69 subject to Rule 16b-3 | 11/22/2024 |
| Expense Ratio | 1.6600 |
First |
First Trust Relative Risk vs. Return Landscape
If you would invest 1,004 in First Trust Senior on August 27, 2024 and sell it today you would earn a total of 36.00 from holding First Trust Senior or generate 3.59% return on investment over 90 days. First Trust Senior is generating 0.0563% of daily returns assuming volatility of 0.5106% on return distribution over 90 days investment horizon. In other words, 4% of etfs are less volatile than First, and above 99% of all equities are expected to generate higher returns over the next 90 days. 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 Senior, 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 = 0.1104
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | FCT | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.51 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average First Trust is performing at about 8% 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 Equity | -3.56 | ||||
| Return On Asset | 2.2 | ||||
| Profit Margin | (55.20) % | ||||
| Operating Margin | 80.30 % | ||||
| Current Valuation | 367.12 M | ||||
| Shares Outstanding | 25.96 M | ||||
| Price To Earning | 82.76 X | ||||
| Price To Book | 0.80 X | ||||
| Price To Sales | 13.16 X | ||||
| Revenue | 20.08 M | ||||
| Cash And Equivalents | 918.37 K | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 116 M | ||||
| Debt To Equity | 0.39 % | ||||
| Book Value Per Share | 12.71 X | ||||
| Cash Flow From Operations | 45.04 M | ||||
| Earnings Per Share | 0.12 X | ||||
| Total Asset | 438.01 M | ||||
| Retained Earnings | (182.61 M) | ||||
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.
First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the SPLSTA Leveraged Loan Index. It was formerly known as First TrustFour Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.| First Trust Senior has 116 M in debt with debt to equity (D/E) ratio of 0.39, which is OK given its current industry classification. First Trust Senior has a current ratio of 0.11, suggesting that it has not enough short term capital to pay financial commitments when the payables are 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 Senior 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. | |
| The entity reported the last year's revenue of 20.08 M. Reported Net Loss for the year was (11.08 M) with profit before taxes, overhead, and interest of 20.08 M. | |
| Over 80.0% of First Trust shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Fries Scott D of 428 shares of First Trust at 11.69 subject to Rule 16b-3 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Senior. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
The market value of First Trust Senior 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.