First Trust Fund Forecast - Day Typical Price
| FENDelisted Fund | USD 14.09 0.02 0.14% |
First Fund Forecast is based on your current time horizon.
First |
| Previous Day Typical Price | Day Typical Price | Trend |
| 14.13 | 14.13 |
| Check First Trust Volatility | Backtest First Trust | Information Ratio |
First Trust Trading Date Momentum
| On November 28 2024 First Trust Energy was traded for 14.09 at the closing time. Highest First Trust's price during the trading hours was 14.22 and the lowest price during the day was 14.09 . There was no trading activity during the period 0.0. Lack of trading volume on the 28th of November did not affect price variability. The overall trading delta to current price is 0.14% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
Compare First Trust to competition
View First Trust Related Equities
| Risk & Return | Correlation |
First Trust Market Strength Events
Market strength indicators help investors to evaluate how First Trust fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading First Trust shares will generate the highest return on investment. By undertsting and applying First Trust fund market strength indicators, traders can identify First Trust Energy entry and exit signals to maximize returns.
First Trust Risk Indicators
The analysis of First Trust's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in First Trust's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting first fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.04 | |||
| Semi Deviation | 0.9873 | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.89 | |||
| Downside Variance | 1.39 | |||
| Semi Variance | 0.9747 | |||
| Expected Short fall | (1.18) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with First Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with First Fund
| 0.87 | KSCOX | Kinetics Small Cap Steady Growth | PairCorr |
| 0.87 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
| 0.88 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.88 | KNPAX | Kinetics Paradigm Steady Growth | PairCorr |
| 0.88 | KNPCX | Kinetics Paradigm Steady Growth | PairCorr |
Moving against First Fund
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.8 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.76 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.5 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust Energy to buy it.
The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in First Fund
If you are still planning to invest in First Trust Energy 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.
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