First Trust Mid Cap Core AlphaDEX Fund Sees Significant Drop in Short Interest
| FNX Etf | USD 110.15 2.05 1.83% |
Slightly above 62% of First Trust's investor base is looking to short. The current sentiment regarding investing in First Trust Mid etf implies that many traders are alarmed. First Trust's investing sentiment can be driven by a variety of factors including economic data, First Trust's earnings reports, geopolitical events, and overall market trends.
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First Trust Mid Cap Core AlphaDEX Fund was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 4,100 shares, a decline of 90.5 percent from the November 15th total of 43,200 shares. Based on an average trading
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First Trust Fundamental Analysis
We analyze First Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
First Trust is currently under evaluation in probability of bankruptcy as compared to similar ETFs. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
First Trust Mid Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with First Trust etf to make a market-neutral strategy. Peer analysis of First Trust could also be used in its relative valuation, which is a method of valuing First Trust by comparing valuation metrics with similar companies.
Peers
First Trust Related Equities
| FYX | First Trust | 1.51 |
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| FAD | First Trust | 1.57 |
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| FTC | First Trust | 1.76 |
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| FEX | First Trust | 1.77 |
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| FTA | First Trust | 1.85 |
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Other Information on Investing in First Etf
First Trust 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 Trust security.