First Trust Correlations
| FIFDelisted Fund | USD 15.64 0.11 0.71% |
The current 90-days correlation between First Trust Energy and IHIT is 0.01 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
First Trust Correlation With Market
Significant diversification
The correlation between First Trust Energy and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Trust Energy and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving together with First Fund
| 0.72 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.64 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.75 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against First Fund
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.53 | NHS | Neuberger Berman High | PairCorr |
| 0.5 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.45 | KO | Coca Cola Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FEI | 0.96 | 0.08 | (0.02) | 1.60 | 1.13 | 1.91 | 6.15 | |||
| IHIT | 0.46 | (0.05) | 0.00 | (0.73) | 0.00 | 1.07 | 2.70 | |||
| IGD | 0.68 | (0.05) | (0.09) | 0.03 | 0.94 | 1.28 | 4.35 | |||
| CII | 0.45 | (0.01) | (0.10) | 0.09 | 0.56 | 1.12 | 2.54 | |||
| FPF | 0.37 | 0.00 | (0.16) | 0.13 | 0.51 | 0.78 | 2.53 | |||
| FEN | 1.04 | 0.17 | 0.04 | (36.16) | 0.99 | 2.42 | 8.06 | |||
| FTF | 0.33 | (0.02) | (0.23) | 0.02 | 0.39 | 0.62 | 1.82 | |||
| FOCS | 0.09 | 0.00 | (1.10) | 0.45 | 0.07 | 0.21 | 0.56 | |||
| FDEU | 0.69 | 0.06 | (0.04) | 0.62 | 0.69 | 1.64 | 3.56 |
View First Trust Related Equities
| Risk & Return | Correlation |
Still Interested in First Trust Energy?
Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.