First Trust Correlations

Summary

FENDelisted Fund

USD 14.09 0.02 0.14%

The current 90-days correlation between First Trust Energy and First Trust Mlp is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with First Fund

0.87	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.87	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.86	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.87	KINCX	Kinetics Internet	Pair Corr
0.87	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.8	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.67	T	ATT Inc Aggressive Push	Pair Corr

Moving against First Fund

0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.8	KO	Coca Cola Sell-off Trend	Pair Corr
0.76	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.5	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FEI	EICA	EEA	JHS	FPF	FIF	FTF	FOCS	IHTA	JHAA
FEI		0.52	-0.66	-0.4	-0.17	0.0	-0.11	0.44	0.67	0.64	FEI
EICA	0.52		-0.76	-0.41	0.24	0.0	-0.08	0.71	0.87	0.78	EICA
EEA	-0.66	-0.76		0.61	0.19	0.0	0.27	-0.75	-0.83	-0.9	EEA
JHS	-0.4	-0.41	0.61		0.51	0.0	0.45	-0.46	-0.47	-0.41	JHS
FPF	-0.17	0.24	0.19	0.51		0.0	0.65	-0.07	0.07	0.01	FPF
FIF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FIF
FTF	-0.11	-0.08	0.27	0.45	0.65	0.0		-0.48	-0.26	-0.25	FTF
FOCS	0.44	0.71	-0.75	-0.46	-0.07	0.0	-0.48		0.79	0.88	FOCS
IHTA	0.67	0.87	-0.83	-0.47	0.07	0.0	-0.26	0.79		0.85	IHTA
JHAA	0.64	0.78	-0.9	-0.41	0.01	0.0	-0.25	0.88	0.85		JHAA
	FEI	EICA	EEA	JHS	FPF	FIF	FTF	FOCS	IHTA	JHAA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JHAA	+ 0.88	FOCS
IHTA	+ 0.87	EICA
JHAA	+ 0.85	IHTA
IHTA	+ 0.79	FOCS
JHAA	+ 0.78	EICA
FOCS	+ 0.71	EICA

High negative correlations

JHAA	- 0.9	EEA
IHTA	- 0.83	EEA
EEA	- 0.76	EICA
FOCS	- 0.75	EEA
EEA	- 0.66	FEI
FOCS	- 0.48	FTF

Risk-Adjusted Indicators

There is a big difference between First Fund performing well and First Trust Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEI	0.96	0.08	(0.02)	1.60	1.13	(1.03)	1.91	(1.87)	6.15
EICA	0.19	0.03	(0.34)	0.88	0.08	(0.26)	0.42	(0.34)	1.72
EEA	0.64	(0.16)	0.00	(1.87)	0.00	0.00	1.07	(1.70)	4.08
JHS	0.30	(0.02)	(0.23)	0.03	0.40	(0.34)	0.78	(0.61)	3.04
FPF	0.37	0.00	(0.16)	0.13	0.51	(0.37)	0.78	(0.78)	2.53
FIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTF	0.33	(0.02)	(0.23)	0.02	0.39	(0.39)	0.62	(0.62)	1.82
FOCS	0.09	0.00	(1.10)	0.45	0.07	(0.10)	0.21	(0.17)	0.56
IHTA	0.24	0.05	(0.12)	2.20	0.25	(0.31)	0.68	(0.27)	2.03
JHAA	0.15	0.02	(0.44)	(2.68)	0.00	(0.20)	0.33	(0.22)	0.96

View First Trust Related Equities

First Trust Mlp Eagle Point Income European Equity Closed John Hancock Income First Trust Intermediate First Trust Energy Franklin Templeton Limited Focus Financial Partners Invesco High Income Nuveen High Income CBH MFS Investment Grade Eaton Vance National Eaton Vance Risk Western Asset High

Risk & Return

Correlation

Still Interested in First Trust Energy?

Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC