First Trust Competition

Delisted . USA . 
Fund . First Trust High
FSDDelisted Fund  USD 12.22  0.27  2.16%   
First Trust High competes with Franklin Templeton, Blackrock Floating, Cohen Steers, Blackstone Gso, and Blackstone Gso; as well as few others. The fund is not classified under any group at the present time. Analyzing First Trust competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of First Trust to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of First Trust competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
12.2212.2212.22
Details
Intrinsic
Valuation
LowRealHigh
11.2411.2413.44
Details
Naive
Forecast
LowNextHigh
12.3412.3412.34
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.1012.3312.55
Details

First Trust Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between First Trust and its competitors represents the degree of relationship between the price movements of corresponding delisted funds. A correlation of about +1.0 implies that the price of First and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of First Trust High does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AFT
+ 0.86
FRA
FAM
+ 0.86
FRA
BSL
+ 0.83
FAM
BSL
+ 0.79
FRA
CPZ
+ 0.78
FRA
CPZ
+ 0.76
AFT
  
High negative correlations   
LDP
- 0.02
FEI

Risk-Adjusted Indicators

There is a big difference between First Fund performing well and First Trust Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FTF  0.34  0.03 (0.15) 0.31  0.33 
(0.42)
 0.76 
(0.62)
 1.82 
FEI  0.96  0.15 (0.02)(0.17) 1.13 
(1.03)
 1.91 
(1.87)
 6.15 
FRA  0.48  0.16  0.10  3.16  0.21 
(0.56)
 1.10 
(0.85)
 2.42 
LDP  0.51  0.05 (0.06) 0.30  0.41 
(0.63)
 1.14 
(0.94)
 3.09 
AFT  0.61  0.14  0.03  16.01  0.72 
(0.67)
 1.35 
(1.65)
 4.04 
FAM  0.55  0.09 (0.01) 0.71  0.61 
(0.65)
 1.10 
(1.06)
 3.16 
BGX  0.43  0.03 (0.12) 0.61  0.57 
(0.43)
 0.79 
(0.88)
 2.75 
BSL  0.35  0.06 (0.13)(1.86) 0.27 
(0.44)
 0.97 
(0.64)
 2.25 
GHY  0.53  0.05 (0.04) 0.29  0.61 
(0.56)
 1.21 
(1.02)
 3.76 
CPZ  0.47  0.00 (0.17) 0.10  0.50 
(0.53)
 1.04 
(0.96)
 2.28 
All Fundamental Data

First Trust Competitive Analysis

The better you understand First Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, First Trust's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across First Trust's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
FSD FTF FEI FRA LDP AFT FAM BGX BSL GHY
 2.16 
 12.22 
First
 0.60 
 6.72 
Franklin
 0.87 
 8.15 
First
 0.70 
 14.35 
Blackrock
 0.57 
 21.02 
Cohen
 0.34 
 14.86 
Apollo
 0.00 
 6.74 
FAM
 0.92 
 13.16 
Blackstone
 0.27 
 14.60 
Blackstone
 0.39 
 12.92 
Pgim
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
OK
Very Weak
Solid
OK
Very Weak
Strong
Modest
Good
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Low
Dangerous
Low
Low
Dangerous
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Cautious Hold
Not Rated
Strong Buy
Hold
Not Rated
Not Rated
Cautious Hold
Cautious Hold
Hold
Current Ratio
N/A
0.15
N/A
1.25
N/A
1.2
0.14
N/A
0.1
N/A
Net Asset
N/A
1.73 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Profit Margin
N/A
177.84
N/A
-83.05
N/A
-100.23
N/A
N/A
-91.53
N/A
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Book
N/A
0.68
N/A
0.85
N/A
0.78
0.51
N/A
0.9
N/A
Operating Margin
N/A
83.03
N/A
82.12
N/A
72.49
76.07
N/A
78.49
N/A
Current Valuation
N/A
301.48 M
N/A
596.28 M
N/A
319.7 M
84.74 M
N/A
264.72 M
N/A
Five Year Return
3.02
3.22
3.25
5.94
4.71
5.12
-1.91
5.48
5.95
5.09
Retained Earnings
N/A
(108.82 M)
N/A
(54.2 M)
N/A
N/A
N/A
N/A
N/A
N/A
One Year Return
10.01
10.43
19.13
10.46
19.19
10.77
14.05
12.81
12.08
16.9
Beta
0.65
0.53
1.13
0.6
0.12
0.47
0.67
0.48
0.58
0.43
Shares Outstanding
33.47 M
30.15 M
45.23 M
35.23 M
28.97 M
15.57 M
10.14 M
12.71 M
13.52 M
40.92 M
Three Year Return
0.53
2.15
13.72
7.16
3.4
4.99
-4.21
4.33
5.27
3.42
Cash Flow From Operations
N/A
8.95 M
N/A
25.69 M
N/A
(7.61 M)
18.72 M
N/A
22.35 M
N/A
Annual Yield
0.0067
0.0062
0.0054
0.0038
0.0062
0.0048
0.0065
0.0052
0.0054
0.0061
Total Debt
N/A
119.57 M
N/A
203.15 M
N/A
129.97 M
31.8 M
N/A
94.5 M
N/A
Return On Equity
N/A
13.31
N/A
-5.64
N/A
-8.57
-34.62
N/A
-7.9
N/A
Number Of Shares Shorted
61.65 K
1.69 K
4.88 K
12.13 K
106.55 K
13.75 K
5.58 K
17.84 K
11.69 K
16.33 K
Return On Asset
N/A
2.55
N/A
2.32
N/A
2.25
2.41
N/A
2.63
N/A
Book Value Per Share
N/A
9.43
N/A
13.81
N/A
16.15
11.37
N/A
14.32
N/A
Total Asset
N/A
1.6 B
N/A
405.07 M
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
1.26
0.73
0.6
0.96
1.62
1.26
0.54
0.94
0.91
1.26
Short Ratio
0.66
0.02
0.04
0.09
1.06
0.23
0.16
0.35
0.25
0.15
Debt To Equity
N/A
0.43
N/A
0.46
N/A
0.58
0.47
N/A
0.49
N/A
Shares Owned By Institutions
38.85
41.33
28.37
33.66
22.38
50.16
34.71
34.84
50.52
47.76
Market Capitalization
439.46 M
223.12 M
383.99 M
452.38 M
622.52 M
226.43 M
295.66 M
169.91 M
201.69 M
523.83 M
Price To Earning
6.04
17.87
4.59
85.33
N/A
54.59
14.79
8.15
9.88
20.02
Price To Sales
N/A
9.4
N/A
13.0
N/A
9.46
9.2
N/A
9.73
N/A
Net Income
N/A
36.77 M
N/A
(26.32 M)
N/A
(20.8 M)
(30.34 M)
N/A
(16.47 M)
N/A
Earnings Per Share
1.86
0.36
1.6
0.14
-0.4
0.23
0.39
1.31
1.31
0.53
Shares Owned By Insiders
N/A
N/A
11.51
0.01
N/A
N/A
18.43
0.12
0.12
N/A
Year To Date Return
3.21
7.86
7.98
8.69
15.48
4.87
5.61
10.3
9.76
12.68
Revenue
N/A
20.68 M
N/A
31.69 M
N/A
20.75 M
6.36 M
N/A
17.99 M
N/A
Cash And Equivalents
N/A
1.11 M
N/A
1.83 M
N/A
1.83 M
1.83 M
N/A
1.81 M
N/A
Cash Per Share
N/A
0.04
N/A
0.05
N/A
0.12
0.18
N/A
0.13
N/A
Gross Profit
N/A
20.59 M
N/A
31.02 M
N/A
20.86 M
7.45 M
N/A
19.05 M
N/A
Day Typical Price
12.31
6.72
8.13
14.33
21.06
14.89
6.74
13.12
14.58
12.95
Accumulation Distribution
0.0216
1418.81
0.011
1103.7
2054.56
0.006
N/A
1752.4
278.03
2349.36
Market Facilitation Index
0.27
N/A
0.09
0.0
0.0
0.09
N/A
0.0
0.0
0.0
Daily Balance Of Power
(1.00)
0.6667
0.7778
0.7692
(0.34)
(0.56)
0.0
0.5217
0.3077
(0.29)
Period Momentum Indicator
(0.27)
0.04
0.07
0.1
(0.12)
(0.05)
N/A
0.12
0.04
(0.05)
Rate Of Daily Change
0.98
1.01
1.01
1.01
0.99
1.0
1.0
1.01
1.0
1.0
Day Median Price
12.36
6.72
8.13
14.32
21.08
14.91
6.74
13.1
14.58
12.97
Price Action Indicator
(0.27)
0.02
0.06
0.085
(0.12)
(0.07)
N/A
0.13
0.045
(0.07)
Relative Strength Index
70.66
57.35
60.14
52.77
43.14
61.63
58.17
55.38
63.68
49.86
Coefficient Of Variation
404.49
849.28
1208.81
329.74
729.32
527.72
696.28
1103.27
704.88
764.67
Mean Deviation
0.4646
0.3417
0.9562
0.4793
0.5091
0.6111
0.5525
0.4254
0.3485
0.528
Jensen Alpha
0.1505
0.0262
0.1525
0.1638
0.0484
0.1399
0.0862
0.0324
0.0606
0.0488
Total Risk Alpha
0.0455
(0.03)
(0.10)
0.0759
(0.02)
0.0147
(0.02)
(0.05)
(0.02)
(0.03)
Sortino Ratio
0.0458
(0.15)
(0.02)
0.0984
(0.06)
0.0281
(0.01)
(0.12)
(0.13)
(0.04)
Downside Variance
0.4315
0.2479
1.48
0.3184
0.321
0.8862
0.6839
0.4163
0.1936
0.6015
Standard Deviation
0.6251
0.4391
1.23
0.5934
0.6443
0.7964
0.784
0.5507
0.4726
0.6894
Kurtosis
1.43
0.1413
0.6074
(0.34)
0.3628
0.9167
5.21
1.24
0.8567
0.9251
Potential Upside
1.07
0.7634
1.91
1.1
1.14
1.35
1.1
0.7949
0.9675
1.21
Treynor Ratio
(2.75)
0.3069
(0.17)
3.16
0.2997
16.01
0.7144
0.6075
(1.86)
0.2925
Maximum Drawdown
3.17
1.82
6.15
2.42
3.09
4.04
3.16
2.75
2.25
3.76
Variance
0.3907
0.1928
1.5
0.3521
0.4151
0.6343
0.6146
0.3032
0.2234
0.4753
Market Risk Adjusted Performance
(2.74)
0.3169
(0.16)
3.17
0.3097
16.02
0.7244
0.6175
(1.85)
0.3025
Risk Adjusted Performance
0.177
0.0786
0.0639
0.2169
0.0978
0.1378
0.1045
0.0624
0.0972
0.094
Skewness
(0.34)
(0.20)
0.0458
(0.11)
0.4515
(0.77)
0.7074
(0.84)
0.5021
(0.49)
Semi Deviation
0.4101
0.3274
1.13
0.2059
0.4098
0.7195
0.6075
0.5657
0.2708
0.6109
Information Ratio
0.0481
(0.17)
(0.02)
0.0936
(0.06)
0.0332
(0.02)
(0.14)
(0.12)
(0.05)
Value At Risk
(0.77)
(0.62)
(1.87)
(0.85)
(0.94)
(1.65)
(1.06)
(0.88)
(0.64)
(1.02)
Expected Short fall
(0.54)
(0.42)
(1.03)
(0.56)
(0.63)
(0.67)
(0.65)
(0.43)
(0.44)
(0.56)
Downside Deviation
0.6569
0.4979
1.22
0.5643
0.5666
0.9414
0.827
0.6452
0.44
0.7756
Semi Variance
0.1682
0.1072
1.28
0.0424
0.1679
0.5177
0.3691
0.32
0.0733
0.3732

First Trust Competition Performance Charts

Five steps to successful analysis of First Trust Competition

First Trust's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by First Trust High in relation to its competition. First Trust's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of First Trust in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact First Trust's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to First Trust High, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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.

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Run ESG Investing Thematic Idea Now

ESG Investing
ESG Investing Theme
Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. The ESG Investing theme has 51 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 ESG Investing Theme or any other thematic opportunities.
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Consideration for investing in First Fund

If you are still planning to invest in First Trust High check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First Trust's history and understand the potential risks before investing.
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