First Asset Morningstar Etf Technical Analysis
| VXM Etf | CAD 50.26 0.37 0.74% |
As of the 30th of January, First Asset shows the Downside Deviation of 0.5712, mean deviation of 0.4872, and Coefficient Of Variation of 373.2. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of First Asset, as well as the relationship between them.
First Asset Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as First, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FirstFirst |
First Asset 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to First Asset's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of First Asset.
| 11/01/2025 |
| 01/30/2026 |
If you would invest 0.00 in First Asset on November 1, 2025 and sell it all today you would earn a total of 0.00 from holding First Asset Morningstar or generate 0.0% return on investment in First Asset over 90 days. First Asset is related to or competes with First Asset, Hamilton Energy, RBC Canadian, Dynamic Active, IShares SPTSX, Hamilton Gold, and IShares ESG. The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar Developed Markets ex-... More
First Asset Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure First Asset's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess First Asset Morningstar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5712 | |||
| Information Ratio | 0.1683 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 1.04 |
First Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Asset's standard deviation. In reality, there are many statistical measures that can use First Asset historical prices to predict the future First Asset's volatility.| Risk Adjusted Performance | 0.1927 | |||
| Jensen Alpha | 0.1443 | |||
| Total Risk Alpha | 0.1113 | |||
| Sortino Ratio | 0.1811 | |||
| Treynor Ratio | 0.755 |
First Asset January 30, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1927 | |||
| Market Risk Adjusted Performance | 0.765 | |||
| Mean Deviation | 0.4872 | |||
| Semi Deviation | 0.2443 | |||
| Downside Deviation | 0.5712 | |||
| Coefficient Of Variation | 373.2 | |||
| Standard Deviation | 0.615 | |||
| Variance | 0.3782 | |||
| Information Ratio | 0.1683 | |||
| Jensen Alpha | 0.1443 | |||
| Total Risk Alpha | 0.1113 | |||
| Sortino Ratio | 0.1811 | |||
| Treynor Ratio | 0.755 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 1.04 | |||
| Downside Variance | 0.3263 | |||
| Semi Variance | 0.0597 | |||
| Expected Short fall | (0.57) | |||
| Skewness | (0.26) | |||
| Kurtosis | 0.7442 |
First Asset Morningstar Backtested Returns
As of now, First Etf is very steady. First Asset Morningstar secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the etf had a 0.32 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for First Asset Morningstar, which you can use to evaluate the volatility of the entity. Please confirm First Asset's Coefficient Of Variation of 373.2, downside deviation of 0.5712, and Mean Deviation of 0.4872 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The etf shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, First Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Asset is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
First Asset Morningstar has very good predictability. Overlapping area represents the amount of predictability between First Asset time series from 1st of November 2025 to 16th of December 2025 and 16th of December 2025 to 30th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of First Asset Morningstar price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current First Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
First Asset technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
First Asset Morningstar Technical Analysis
Indicator |
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of First Asset Morningstar volatility developed by Welles Wilder.
About First Asset Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of First Asset Morningstar on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of First Asset Morningstar based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on First Asset Morningstar price pattern first instead of the macroeconomic environment surrounding First Asset Morningstar. By analyzing First Asset's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of First Asset's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to First Asset specific price patterns or momentum indicators. Please read more on our technical analysis page.
First Asset January 30, 2026 Technical Indicators
Most technical analysis of First help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for First from various momentum indicators to cycle indicators. When you analyze First charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1927 | |||
| Market Risk Adjusted Performance | 0.765 | |||
| Mean Deviation | 0.4872 | |||
| Semi Deviation | 0.2443 | |||
| Downside Deviation | 0.5712 | |||
| Coefficient Of Variation | 373.2 | |||
| Standard Deviation | 0.615 | |||
| Variance | 0.3782 | |||
| Information Ratio | 0.1683 | |||
| Jensen Alpha | 0.1443 | |||
| Total Risk Alpha | 0.1113 | |||
| Sortino Ratio | 0.1811 | |||
| Treynor Ratio | 0.755 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 1.04 | |||
| Downside Variance | 0.3263 | |||
| Semi Variance | 0.0597 | |||
| Expected Short fall | (0.57) | |||
| Skewness | (0.26) | |||
| Kurtosis | 0.7442 |
First Asset January 30, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as First stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 373.90 | ||
| Daily Balance Of Power | 0.56 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 50.06 | ||
| Day Typical Price | 50.13 | ||
| Price Action Indicator | 0.38 |
Other Information on Investing in First Etf
First Asset financial ratios help investors to determine whether First Etf 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 Asset security.