First Trust Smid Etf Performance
| SDVY Etf | 23.80 0.02 0.08% |
The etf shows a Beta (market volatility) of 0.28, 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.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in First Trust SMID are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating technical and fundamental indicators, First Trust exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | First Trust Introduces a Small and Mid Cap Dividend Achievers Target Income ETF - The Manila Times | 11/05/2024 |
2 | Should First Trust SMID Cap Rising Dividend Achievers ETF Be on Your Investing Radar - MSN | 11/20/2024 |
First |
First Trust Relative Risk vs. Return Landscape
If you would invest 1,972 in First Trust SMID on September 5, 2024 and sell it today you would earn a total of 408.00 from holding First Trust SMID or generate 20.69% return on investment over 90 days. First Trust SMID is generating 0.3132% of daily returns and assumes 1.4051% volatility on return distribution over the 90 days horizon. Simply put, 12% of etfs are less volatile than First, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 SMID, 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 = 0.2229
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Estimated Market Risk
| 1.41 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average First Trust is performing at about 17% 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 Trust by adding it to a well-diversified portfolio.
About First Trust Performance
By analyzing First Trust's fundamental ratios, stakeholders can gain valuable insights into First Trust's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if First Trust has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if First Trust has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
First Trust is entity of Canada. It is traded as Etf on NEO exchange.| Latest headline from news.google.com: Should First Trust SMID Cap Rising Dividend Achievers ETF Be on Your Investing Radar - MSN |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in First Trust SMID. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.