First Asset Morningstar Etf Performance
| FXM Etf | CAD 26.34 0.17 0.64% |
The etf shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, First Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Asset is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in First Asset Morningstar are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating primary indicators, First Asset may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
1 | CI Morningstar Cda Value Idx ETF Quote - Press Release - The Globe and Mail | 09/24/2024 |
| In Threey Sharp Ratio | 0.69 |
First |
First Asset Relative Risk vs. Return Landscape
If you would invest 2,385 in First Asset Morningstar on September 14, 2024 and sell it today you would earn a total of 249.00 from holding First Asset Morningstar or generate 10.44% return on investment over 90 days. First Asset Morningstar is generating 0.1607% of daily returns assuming 0.773% volatility of returns over the 90 days investment horizon. Simply put, 6% of all etfs have less volatile historical return distribution than First Asset, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
First Asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Asset's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as First Asset Morningstar, and traders can use it to determine the average amount a First Asset'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 = 0.2079
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average First Asset is performing at about 16% of its full potential. 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 Asset by adding it to a well-diversified portfolio.
First Asset Fundamentals Growth
First Etf prices reflect investors' perceptions of the future prospects and financial health of First Asset, and First Asset fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on First Etf performance.
| Price To Earning | 11.52 X | |||
| Total Asset | 79.41 M | |||
About First Asset Performance
By examining First Asset's fundamental ratios, stakeholders can obtain critical insights into First Asset's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that First Asset is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar Canada Target Value Index , net of expenses. CI FA is traded on Toronto Stock Exchange in Canada.| The fund retains 99.64% of its assets under management (AUM) in equities |
Other Information on Investing in First Etf
First Asset 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 Asset security.