First Trust (Mexico) Market Value

FDN Etf  MXN 5,000  85.00  1.67%   
First Trust's market value is the price at which a share of First Trust trades on a public exchange. It measures the collective expectations of First Trust Exchange Traded investors about its performance. First Trust is trading at 5000.00 as of the 11th of December 2024; that is 1.67 percent decrease since the beginning of the trading day. The etf's open price was 5085.0.
With this module, you can estimate the performance of a buy and hold strategy of First Trust Exchange Traded and determine expected loss or profit from investing in First Trust over a given investment horizon. Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
Symbol

Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

First Trust '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 Trust'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 Trust.
0.00
12/22/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/11/2024
0.00
If you would invest  0.00  in First Trust on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding First Trust Exchange Traded or generate 0.0% return on investment in First Trust over 720 days. First Trust is related to or competes with Vanguard Index, Vanguard Index, Vanguard STAR, SPDR SP, IShares Trust, Vanguard Bond, and Invesco QQQ. The investment seeks investment results that correspond generally to the price and yield of an equity index called the D... More

First Trust 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 Trust'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 Trust Exchange Traded upside and downside potential and time the market with a certain degree of confidence.

First Trust Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Trust's standard deviation. In reality, there are many statistical measures that can use First Trust historical prices to predict the future First Trust's volatility.
Hype
Prediction
LowEstimatedHigh
4,9995,0005,001
Details
Intrinsic
Valuation
LowRealHigh
4,8744,8755,500
Details
Naive
Forecast
LowNextHigh
4,8694,8714,872
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
4,0844,6955,306
Details

First Trust Exchange Backtested Returns

First Trust appears to be very steady, given 3 months investment horizon. First Trust Exchange secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the etf had a 0.27% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for First Trust Exchange Traded, which you can use to evaluate the volatility of the entity. Please utilize First Trust's Standard Deviation of 1.42, coefficient of variation of 387.8, and Mean Deviation of 0.8421 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. 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.

Auto-correlation

    
  0.70  

Good predictability

First Trust Exchange Traded has good predictability. Overlapping area represents the amount of predictability between First Trust time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th of December 2024. 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 Trust Exchange price movement. The serial correlation of 0.7 indicates that around 70.0% of current First Trust price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.75
Residual Average0.0
Price Variance254.7 K

First Trust Exchange lagged returns against current returns

Autocorrelation, which is First Trust etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting First Trust's etf expected returns. We can calculate the autocorrelation of First Trust returns to help us make a trade decision. For example, suppose you find that First Trust has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

First Trust regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If First Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Trust etf over time.
   Current vs Lagged Prices   
       Timeline  

First Trust Lagged Returns

When evaluating First Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Trust etf have on its future price. First Trust autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, First Trust autocorrelation shows the relationship between First Trust etf current value and its past values and can show if there is a momentum factor associated with investing in First Trust Exchange Traded.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Information and Resources on Investing in First Etf

When determining whether First Trust Exchange is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Trust Exchange Traded Etf. Highlighted below are key reports to facilitate an investment decision about First Trust Exchange Traded Etf:
Check out First Trust Correlation, First Trust Volatility and First Trust Alpha and Beta module to complement your research on First Trust.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
First Trust 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.
A focus of First Trust technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of First Trust trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...