First Trust AlphaDEX Performance
First Trust Relative Risk vs. Return Landscape
If you would invest (100.00) in First Trust AlphaDEX on September 21, 2024 and sell it today you would earn a total of 100.00 from holding First Trust AlphaDEX or generate -100.0% return on investment over 90 days. First Trust AlphaDEX is generating negative expected returns assuming volatility of 0.0% on return distribution over 90 days investment horizon. In other words, 0% of etfs are less volatile than First, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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First Trust Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Trust's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as First Trust AlphaDEX, and traders can use it to determine the average amount a First Trust's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average First Trust is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of First Trust by adding First Trust to a well-diversified portfolio.
| First Trust AlphaDEX is not yet fully synchronised with the market data | |
| First Trust AlphaDEX has some characteristics of a very speculative penny stock |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Consideration for investing in First Etf
If you are still planning to invest in First Trust AlphaDEX 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.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |