First Trustconfluence Small Fund Manager Performance Evaluation
| FOVIX Fund | USD 33.48 0.53 1.61% |
The fund shows a Beta (market volatility) of 1.15, 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/confluence will likely underperform.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in First Trustconfluence Small are ranked lower than 4 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong forward indicators, First Trust/confluence is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.3500 |
First |
First Trust/confluence Relative Risk vs. Return Landscape
If you would invest 3,232 in First Trustconfluence Small on August 28, 2024 and sell it today you would earn a total of 116.00 from holding First Trustconfluence Small or generate 3.59% return on investment over 90 days. First Trustconfluence Small is currently producing 0.062% returns and takes up 1.1063% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than First, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
First Trust/confluence Current Valuation
Fairly Valued
Today
Please note that First Trust/confluence's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. First Trust/confluence shows a prevailing Real Value of $33.15 per share. The current price of the fund is $33.48. We determine the value of First Trust/confluence from reviewing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we advise acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will submerge.
Since First Trust/confluence is currently traded on the exchange, buyers and sellers on that exchange determine the market value of First Mutual Fund. However, First Trust/confluence's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 33.48 | Real 33.15 | Hype 33.48 | Naive 32.66 |
The intrinsic value of First Trust/confluence's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence First Trust/confluence's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of First Trustconfluence Small helps investors to forecast how First mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of First Trust/confluence more accurately as focusing exclusively on First Trust/confluence's fundamentals will not take into account other important factors: First Trust/confluence Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust/confluence's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as First Trustconfluence Small, and traders can use it to determine the average amount a First Trust/confluence'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 = 0.056
| Best Portfolio | Best Equity | |||
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| Cash | FOVIX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.11 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average First Trust/confluence is performing at about 4% 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/confluence by adding it to a well-diversified portfolio.
First Trust/confluence Fundamentals Growth
First Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of First Trust/confluence, and First Trust/confluence 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 Mutual Fund performance.
| Price To Earning | 27.74 X | ||||
| Price To Book | 2.96 X | ||||
| Price To Sales | 2.06 X | ||||
| Total Asset | 45.34 M | ||||
About First Trust/confluence Performance
Evaluating First Trust/confluence's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if First Trust/confluence has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if First Trust/confluence has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of its net assets in equity securities of U.S. listed companies with small market capitalizations at the time of investment. Currently, a company will be considered to be a Small-Cap Company if its market capitalization at the time of purchase is within the range of companies in the Russell 2000 Index or the SP SmallCap 600 Index during the most recent 12-month period .Things to note about First Trust/confluence performance evaluation
Checking the ongoing alerts about First Trust/confluence for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for First Trust/confluence help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of -2.0% | |
| First Trust/confluence retains 98.33% of its assets under management (AUM) in equities |
- Analyzing First Trust/confluence's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether First Trust/confluence's stock is overvalued or undervalued compared to its peers.
- Examining First Trust/confluence's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating First Trust/confluence's management team can have a significant impact on its success or failure. Reviewing the track record and experience of First Trust/confluence's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of First Trust/confluence's mutual fund. These opinions can provide insight into First Trust/confluence's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in First Mutual Fund
First Trust/confluence 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/confluence security.
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