First Tr Enhanced Fund Market Value
| XFFAX Fund | USD 21.60 0.03 0.14% |
| Symbol | First |
Please note, there is a significant difference between First Tr's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Tr is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Tr'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 Tr '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 Tr's mutual fund 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 Tr.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in First Tr on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding First Tr Enhanced or generate 0.0% return on investment in First Tr over 90 days. First Tr is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. First Tr is entity of United States. It is traded as Fund on NMFQS exchange. More
First Tr 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 Tr's mutual fund 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 Tr Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7664 | |||
| Information Ratio | 0.0027 | |||
| Maximum Drawdown | 5.0 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.7852 |
First Tr Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Tr's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Tr's standard deviation. In reality, there are many statistical measures that can use First Tr historical prices to predict the future First Tr's volatility.| Risk Adjusted Performance | 0.0626 | |||
| Jensen Alpha | 0.0414 | |||
| Total Risk Alpha | 0.008 | |||
| Sortino Ratio | 0.0024 | |||
| Treynor Ratio | 0.5253 |
First Tr Enhanced Backtested Returns
At this stage we consider First Mutual Fund to be very steady. First Tr Enhanced secures Sharpe Ratio (or Efficiency) of 0.0647, which denotes the fund had a 0.0647% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for First Tr Enhanced, which you can use to evaluate the volatility of the entity. Please confirm First Tr's Coefficient Of Variation of 1236.46, mean deviation of 0.471, and Downside Deviation of 0.7664 to check if the risk estimate we provide is consistent with the expected return of 0.0448%. The fund shows a Beta (market volatility) of 0.0859, which means not very significant fluctuations relative to the market. As returns on the market increase, First Tr's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Tr is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
First Tr Enhanced has virtually no predictability. Overlapping area represents the amount of predictability between First Tr time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Tr Enhanced price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current First Tr price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
First Tr Enhanced lagged returns against current returns
Autocorrelation, which is First Tr mutual fund'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 Tr's mutual fund expected returns. We can calculate the autocorrelation of First Tr returns to help us make a trade decision. For example, suppose you find that First Tr has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Tr 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 Tr mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Tr mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Tr mutual fund over time.
Current vs Lagged Prices |
| Timeline |
First Tr Lagged Returns
When evaluating First Tr's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Tr mutual fund have on its future price. First Tr 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 Tr autocorrelation shows the relationship between First Tr mutual fund current value and its past values and can show if there is a momentum factor associated with investing in First Tr Enhanced.
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.Other Information on Investing in First Mutual Fund
First Tr financial ratios help investors to determine whether First Mutual Fund 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 Tr security.
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