First Trust Cboe Etf Performance
| NOVB-F Etf | CAD 43.62 0.30 0.69% |
The etf shows a Beta (market volatility) of -0.0111, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Trust are expected to decrease at a much lower rate. During the bear market, First Trust is likely to outperform the market.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in First Trust Cboe are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, First Trust is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
1 | First Trust Portfolios Canada Announces Cap, Buffer and Dates of November Buffer ETF - The Manila Times | 11/15/2024 |
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First Trust Relative Risk vs. Return Landscape
If you would invest 4,242 in First Trust Cboe on August 29, 2024 and sell it today you would earn a total of 120.00 from holding First Trust Cboe or generate 2.83% return on investment over 90 days. First Trust Cboe is generating 0.0453% of daily returns and assumes 0.2392% volatility on return distribution over the 90 days horizon. Simply put, 2% of etfs are less volatile than First, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 Cboe, 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 = 0.1893
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| Negative Returns | NOVB-F |
Estimated Market Risk
| 0.24 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average First Trust is performing at about 14% 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.
| Total Asset | 28.42 M | |||
About First Trust Performance
By analyzing First Trust's fundamental ratios, stakeholders can gain valuable insights into First Trust's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if First Trust 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 has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
FT CBOE is traded on Toronto Stock Exchange in Canada.| Latest headline from news.google.com: First Trust Portfolios Canada Announces Cap, Buffer and Dates of November Buffer ETF - The Manila Times | |
| The fund maintains 99.01% of its assets in stocks |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in First Trust Cboe. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.