First Trust Equity Positions Weight vs. Beta
| FUD Etf | CAD 36.75 0.41 1.10% |
For First Trust profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Trust to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Trust Value utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Trust's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Trust Value over time as well as its relative position and ranking within its peers.
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First Trust Value Beta vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining First Trust's current stock value. Our valuation model uses many indicators to compare First Trust value to that of its competitors to determine the firm's financial worth. First Trust Value is one of the top ETFs in equity positions weight as compared to similar ETFs. It also is one of the top ETFs in beta as compared to similar ETFs totaling about 0.02 of Beta per Equity Positions Weight. The ratio of Equity Positions Weight to Beta for First Trust Value is roughly 64.50 . Comparative valuation analysis is a catch-all model that can be used if you cannot value First Trust by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for First Trust's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.First Beta vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
First Trust |
| = | 50.31 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
First Trust |
| = | 0.78 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
First Beta Comparison
First Trust is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
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.
First Trust Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in First Trust, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Trust will eventually generate negative long term returns. The profitability progress is the general direction of First Trust's change in net profit over the period of time. It can combine multiple indicators of First Trust, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
ETF seeks to replicate, to the extent possible, the performance of the Value Line Dividend Index on a currency hedged basis, net of expenses. FIRST TRUST is traded on Toronto Stock Exchange in Canada.
First Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on First Trust. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of First Trust position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the First Trust's important profitability drivers and their relationship over time.
Use First Trust in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.First Trust Pair Trading
First Trust Value Pair Trading Analysis
The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust Value to buy it.
The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your First Trust position
In addition to having First Trust in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Housewares Thematic Idea Now
Housewares
Companies making housewares accessories and providing houseware services. The Housewares theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Housewares Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
To fully project First Trust's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of First Trust Value at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include First Trust's income statement, its balance sheet, and the statement of cash flows.